To Achieve Accurate Costing, a High Degree of Correlation Must

question 128

True/False

To achieve accurate costing, a high degree of correlation must exist between the cost driver and the actual consumption of the activity cost pool.

---

Definitions:

Submandibular Triangle

An anatomical region of the neck bounded by the mandible and two muscles, containing the submandibular gland among other structures.

Lateral Thigh

The outer part of the thigh, often related to the muscles and tissues located on the side of the leg between the hip and the knee.

Vastus Medialis

A muscle located on the thigh's inner part, part of the quadriceps group, crucial for extending the knee and stabilizing the patella.

Rectus Femoris

A muscle in the quadriceps that extends the leg at the knee and is involved in hip flexion.