In an Activity-Based Costing System, Which of the Following Is

question 119

Multiple Choice

In an activity-based costing system, which of the following is not a category in which activities are classified?

• A)Variable-level
• B)Batch-level
• C)Product-level
• D)Organization-level

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Definitions:

Consideration

Something of value (such as goods, services, money, or a promise) exchanged between parties in a contract.

Preexisting Contract

An agreement that was already in place before certain actions were taken or before a dispute arose.

Modification

The act of making changes or alterations to something, such as a document or agreement, often to improve it or make it more suitable.

Past Consideration

Refers to something given or an action that has been taken in the past, which cannot legally serve as a consideration for a present contract.