In Activity-Based Costing,preliminary Cost Allocations Assign Costs to

question 57

Multiple Choice

In activity-based costing,preliminary cost allocations assign costs to

• A)departments.
• B)processes.
• C)products.
• D)activities.

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Definitions:

Plan Assets

Assets that are held by a retirement plan from which the benefits to the participants are to be paid.

Funded Status

A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.

Actuarial Value

A measure of the average amount of benefit a health insurance plan is expected to pay, used to compare different health insurance policies.

Actuary

A professional who analyzes financial risk using mathematics, statistics, and financial theory, mostly in the insurance and pension plan industries.