An Example of an Activity Cost Pool Is

question 29

Multiple Choice

An example of an activity cost pool is

• A) machine hours.
• B) setting up machines.
• C) number of setups.
• D) number of inspections.

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Definitions:

General Journal

The general journal is a primary accounting record used to document all business transactions in chronological order, detailing debits and credits for each entry.

Accounts Payable

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Office Supplies

Consumable items used in offices on a regular basis, such as paper, pens, and toner cartridges.

Cash Dividends

Dividends paid out in cash by a company from its earnings to its shareholders at declared dividend dates.