In a Costing System

question 99

Multiple Choice

In a costing system

• A)cost tracing allocates indirect costs.
• B)cost allocation assigns direct costs.
• C)there may never be more than one indirect cost pool.
• D)a cost object should be a product and not a department or a geographic territory.
• E)a cost allocation base can be either financial or nonfinancial.

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Definitions:

Credibility

The quality of being trusted and believed in.

Useless

Lacking usefulness or efficacy; not producing the desired effect or having no practical value.

Antecedent

The earlier element in a logical statement, usually preceding the consequence in a conditional sentence.

Consequent

The outcome or result in a conditional statement, typically following the word "then" in an "if...then" construct.