Uniformly Assigning the Costs of Resources to Cost Objects When

question 133

Multiple Choice

Uniformly assigning the costs of resources to cost objects when those resources are actually used in a nonuniform way is called ________.

• A) activity-based costing
• B) uniform costing
• C) peanut-butter costing
• D) department costing

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Definitions:

Lichen

A compound organism consisting of one or more symbiotic fungi and an alga or cyanobacterium.

Fungus

A kingdom of spore-producing organisms that feeds on organic matter, including molds, yeast, mushrooms, and toadstools.

Photoautotroph

Organisms that carry out photosynthesis, using light energy to synthesize organic compounds from inorganic substances.

Sac Fungi

A group of fungi belonging to the Ascomycota Phylum, characterized by the production of spores in special structures called asci.