Place the Following Steps in the Order Suggested by the Seven

question 114

Multiple Choice

Place the following steps in the order suggested by the seven steps used to assign costs to individual jobs: A. Identify indirect costs
B. Compute the total cost of the job
C. Select cost-allocation bases
D. Compute the indirect cost rate

• A) ACDB
• B) CADB
• C) BACD
• D) DCAB

---

Definitions:

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, used in the operations of a business and not intended for resale.

Investing Activity

Transactions involving the purchase or sale of long-term assets and other investments, part of a company's cash flow statement.

Statement Of Cash Flows

A financial statement that shows the cash inflows and outflows for a company over a period of time.

Noncurrent Assets

Long-term assets that are not expected to be converted into cash within one year, such as property, plant, and equipment.