The Following Tasks Are Associated with an Activity-Based Costing System

question 18

Multiple Choice

The following tasks are associated with an activity-based costing system: 1-Calculation of pool rates
2-Identification of cost drivers
3-Assignment of cost to products
4-Identification of cost pools
Which of the following choices correctly expresses the proper order of the preceding tasks?

• A)1, 2, 3, 4.
• B)2, 4, 1, 3.
• C)3, 4, 2, 1.
• D)4, 2, 1, 3.
• E)4, 2, 3, 1.

---

Definitions:

Pyruvic Acid

A three-carbon compound that plays a key role in energy production processes in living cells, particularly glycolysis.

Pyruvic Acid

A colorless liquid with a sour taste; a key intermediate in several metabolic pathways, including glycolysis.

Lactic Acid

A waste product that must be released from the cell. It is produced when a cell is low on oxygen and converts pyruvic acid.

Myoglobin

A protein in muscle cells that stores oxygen and gives muscle tissue its red color.