When Determining Product Cost,the Last Step in the Traditional Approach

question 121

Multiple Choice

When determining product cost,the last step in the traditional approach to cost allocation is ________.

• A)divide costs in each producing department into direct costs and indirect costs
• B)trace direct costs to products
• C)select cost pools and cost allocation bases in each production department and assign indirect department costs to the appropriate cost pool
• D)allocate the costs in each cost pool to the product in proportion to the usage of the related cost-allocation base

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Definitions:

Institutional Racism

The systemic distribution of resources, power, and opportunity in our society to the benefit of people who are white and the exclusion of people of color.

De Jure Segregation

Legal separation of groups of people based on law, such as racial segregation that's enforced by legislation.

De Facto Segregation

Racial segregation that occurs not by law, but as a result of voluntary associations and neighborhoods, along with other factors like economic or social conditions.

Disavow Prejudice

The act of denying or renouncing any prejudiced beliefs or attitudes one might hold.