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:

Table Clearing

The process of removing dishes, utensils, and leftovers from a table after a meal.

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In behavioral psychology, the process through which a conditioned response decreases or disappears after repeated exposure to the conditioned stimulus without the unconditioned stimulus.

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A reinforcement schedule in which a response is rewarded after a predetermined number of responses have been made.

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A measure of area used primarily in the United States for calculating the size of a space, equal to the area of a square with sides of one foot.