What Are Three Advantages of Activity-Based Costing Over Traditional Volume-Based

question 209

Multiple Choice

What are three advantages of activity-based costing over traditional volume-based allocation methods?

• A)Ease of use,more accurate product costing,and more effective cost control.
• B)Fewer allocation bases,ease of use,and a direct correlation to production volume.
• C)More accurate product costing,more effective cost control,and better focus on the relevant factors for decision making.
• D)More accurate product costing,fewer cost objects,and a direct correlation to production volume.
• E)More accurate product costing,ease of use,less costly to implement.

Grasp the role of preparation, team coordination, and business etiquette in successful presentations.

Comprehend effective concluding techniques and the role of feedback in presentations.

Acknowledge different communication objectives depending on the stage of a crisis and the importance of customizing presentations for specific audiences.

Understand the principles and benefits of using various mediums (like handouts) for effective communication during workshops.

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Definitions:

Assets

Resources owned or controlled by a business or individual that are expected to produce future economic benefits.

Liabilities

Liabilities represent the obligations or debts that a company owes to others, which must be settled through the transfer of economic benefits like cash or goods.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used to verify the balance of debits and credits.

Current Assets

Resources anticipated to be cashed in, disposed of, or utilized within a year or the standard operating period of the company.