Which of the Following Is Not a Step Accountants Must

question 135

Multiple Choice

Which of the following is not a step accountants must follow in activity-based costing?

• A)Identify the activities that consume resources and assign costs to them.
• B)Identify the cost drivers associated with each activity.
• C)Compute a cost rate per cost driver.
• D)Compute the variance between the estimated cost driver and the actual cost driver.

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Definitions:

Administrative Details

The routine, often clerical work that supports the operation of an organization, such as filing, scheduling, or managing records.

Decentralized Leaders

Leadership style where decision-making power is distributed throughout the organization rather than concentrated at the top.

Initiative

The ability to assess and initiate things independently, often leading to innovation or the accomplishment of tasks without direct supervision.

Level 5 Leadership

A concept describing the highest stage of leadership maturity characterized by a unique blend of personal humility and professional will.