Columbus Company Provides the Following ABC Costing Information

question 164

Multiple Choice

Columbus Company provides the following ABC costing information:

The above activities used by their three departments are:

How much of the gas cost will be assigned to the Lawn Department?

• A)$1,800
• B)$3,800
• C)$2,400
• D)$8,000

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Definitions:

Trust Fund

A legal entity set up to hold assets such as cash, property, or investments for the benefit of a specific person, group, or organization.

Shares Of Apple

Equity shares that represent ownership in Apple Inc., allowing shareholders to claim on the company’s assets and earnings.

Journal Entry

A record in accounting that notes every transaction with debits and credits in the financial books.

Cash Conveyed

The transfer of cash from one party to another, often used in the context of financial transactions or payments.