When Comparing Activity-Based Costing with Conventional Costing Methods,which of the Following

question 58

Multiple Choice

When comparing activity-based costing with conventional costing methods,which of the following is the key benefit of the method?

• A) It is cheaper to implement.
• B) It is based on only one or two factors,generally volume-related.
• C) It is simpler.
• D) It provides more accurate cost numbers.

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Definitions:

Mode

The value that is most prevalent in a dataset.

Frequency Distribution

A frequency distribution shows how often each different value in a set of data occurs.

Formal Education

Structured and systematic instruction provided by trained teachers in institutions like schools and colleges, leading to recognized qualifications.

Employee Development

Organized activities and programs aimed at improving the knowledge, skills, and abilities of employees to enhance their performance and career progression.