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:

Thrust Fault

A type of fault, or break in the Earth's crust, where older rocks are pushed above younger rocks due to compressional forces.

Monocline

A geological fold in which all strata are inclined in the same direction, creating a step-like feature in the landscape.

Anticline

A type of fold in rock layers that arches upwards, with the oldest layers at the core of the fold.

Horsts And Grabens

Geological structures formed by the movement of the Earth's crust, where a "horst" is an elevated block surrounded by faults and a "graben" is a depressed block bordered by faults.