In a Costing System

question 280

Multiple Choice

In a costing system:

• A)a cost object should be a product and not a department or a geographic territory.
• B)cost tracing allocates indirect costs.
• C)cost allocation assigns direct costs.
• D)a cost-allocation base can be either financial or non-financial.

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Definitions:

Anaphylactic Shock

Severe systemic form of anaphylaxis involving bronchiolar constriction, impaired breathing, vasodilation, and a rapid drop in blood pressure with a threat of circulatory failure.

Bee Sting

A sharp wound caused by the stinger of a bee injecting venom into the skin.

Hemolytic Disease

A condition where an immune response leads to the destruction of red blood cells, often seen in newborns due to blood type incompatibility.

Newborn

Refers to an infant who is within its first month of life outside the womb, a critical period for development and adaptation.