Cost Pools Are

question 50

Multiple Choice

Cost pools are:

• A) costs that are accumulated before being allocated to cost objects on some common basis.
• B) costs that are relevant to decision-making but irrelevant to financial reporting.
• C) product costs that are assigned to cost objects using direct labor or machine hours.
• D) accounts in the product life cycle from research and development to customer service.

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Definitions:

Revolving Armature

In an electric generator or motor, the rotating component that includes conductors, which cuts through magnetic lines of force to generate an electromotive force.

Shaft

A rotating machine element, usually circular in cross-section, which is used to transmit power from one part to another, or from a machine which produces power to a machine which absorbs power.

Fan Attached

Indicates a device or system has a fan as a component for cooling or ventilation purposes.

Excitation Current

The current supplied to the field winding of a generator or motor to create the necessary magnetic field for operation.