The Following Tasks Are Associated with an Activity-Based Costing System

question 2

Multiple Choice

The following tasks are associated with an activity-based costing system:
1- Assignment of cost to products
2- Calculation of pool rates
3- Identification of cost drivers
4- Identification of cost pools
Which of the following choices correctly expresses the proper order of the preceding tasks?

• A) 1, 2, 3, 4.
• B) 2, 4, 1, 3.
• C) 3, 4, 2, 1.
• D) 4, 2, 1, 3.
• E) 4, 3, 2, 1.

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Definitions:

International Trade

The exchange of goods and services between countries, allowing for the acquisition of products not available domestically or the export of surplus production.

Domestic Consumers

Individuals or entities within a country that purchase goods and services for personal use or consumption.

Domestic Producers

Refers to businesses and individuals that produce goods and services within a country's borders.

Tariff

A tax imposed by a government on goods and services imported from other countries to raise state revenue or to protect domestic industries.