Which of the Following Is Not a Cost System Proposed

question 139

Multiple Choice

Which of the following is not a cost system proposed as an extension to ABC systems, with the overall goal of more accurately allocating manufacturing overhead costs to outputs?

• A) Resource consumption accounting (RCA).
• B) Flexible standard costing.
• C) Target costing.
• D) Variable costing.

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Definitions:

§1231 Gain

A type of gain that arises from the sale of property used in a trade or business, which is subject to favorable capital gains tax rates if held for more than one year.

Self-Employment Income

Income generated by an individual directly from one's own business, trade, or profession, rather than from an employer.

Partnership Basis

The amount of a partner's investment in a partnership for tax purposes, affecting how they report income, gains, and losses.

Guaranteed Payment

Payments made to partners in a partnership regardless of the partnership's income, ensuring the partner receives a steady income.