Which of the Following Is Least Likely to Be Classified

question 3

Multiple Choice

Which of the following is least likely to be classified as a facility-level activity in an activity-based costing system?

• A) Plant maintenance.
• B) Property taxes.
• C) Machine processing cost.
• D) Plant depreciation.
• E) Plant management salaries.

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, assigning weights to each number.

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Mill Rates

The amount of tax payable per dollar of the assessed value of a property, used in calculating local property taxes.

Assessed Value

The dollar value assigned to a property for purposes of taxation by the government.