____ Are Controls That Occur While an Activity Is Taking

question 15

Multiple Choice

____ are controls that occur while an activity is taking place.

• A) Feedforward controls
• B) Concurrent controls
• C) Positive controls
• D) Feedback controls

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Definitions:

Overhead Cost

All costs on the income statement except for direct labor, direct materials, and direct expenses. Overhead costs relate to business operations and are not directly tied to a specific product or activity.

Activity Cost Pools

Categories in activity-based costing where costs are accumulated before being assigned to products or services based on their consumption of activities.

Machine-Hours

A measure of the amount of time machines are used in the production process, often used for allocating manufacturing overhead.

Batches

Quantities of material or products processed or produced at the same time in a manufacturing process.