Which One of the Following Accounts Is Not Used in an Activity-Based

question 60

Multiple Choice

Which one of the following accounts is not used in an activity-based costing (ABC) system?

• A)Materials Inventory
• B)Work-in-Process Inventory
• C)Finished Goods Inventory
• D)Overhead Applied
• E)Allocations Incurred

Comprehend the process and effects of recording prepaid expenses and accruals.

Identify the components and calculation of cost of goods sold.

Learn the classification of different accounts and their presentation on financial statements.

Understand the perpetual and periodic inventory systems and their implications.

---

Definitions:

Agonists

Agonists are chemicals or drugs that activate receptors in the body to produce a physiological response similar to that of a natural substance.

Neurotransmitters

Chemical messengers in the brain and nervous system that transmit signals between neurons, influencing various functions including mood, sleep, and appetite.

Chemical Molecules

Groups of atoms bonded together, representing the smallest fundamental units of a chemical compound that can take part in a chemical reaction.

Morphine

A potent opiate analgesic derived from the opium poppy, used medically to relieve severe pain.