Which One of the Following Accounts Is Not Used in an Activity-Based

question 67

Multiple Choice

Which one of the following accounts is not used in an activity-based costing (ABC) system?

• A)Materials Inventory.
• B)Work-in-Process Inventory.
• C)Finished Goods Inventory.
• D)Overhead ApplieD.
• E)Allocations Incurred.

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Definitions:

Pine Trees

Coniferous trees of the genus Pinus, known for their needle-shaped leaves and production of cones.

Agriculture

The science, art, and practice of cultivating the soil, growing crops, and raising livestock.

Biomes

Large naturally occurring communities of flora and fauna occupying major habitats, like forests, deserts, and tundras.

Converted

Changed or transformed in form, character, or function.