Revenues and Expenses Are Two Categories of ________ Accounts

question 79

Short Answer

Revenues and expenses are two categories of ________ accounts.

Acquire knowledge on how specific activities relate to the overall process of producing a product and managing overhead costs.

Understand the basic concept and purpose of activity-based costing.

Identify how activity rates are computed and applied in activity-based costing.

Recognize the impact of switching from traditional costing to activity-based costing on product costs.