Production Plans,financial Plans,facilities Plans,marketing Plans,and Human Resource Plans Are All

question 17

Multiple Choice

Production plans,financial plans,facilities plans,marketing plans,and human resource plans are all examples of __________ plans.

• A)Strategic.
• B)Operational.
• C)Contingency.
• D)Standing-use.
• E)Flexible.

---

Definitions:

Activity Rate

The cost driver rate that is used in activity-based costing to allocate overhead costs to products or services.

Activity Cost Pool

A grouping of all costs related to a specific activity or process in a company, used in activity-based costing.

Activity-Based Costing

A costing method that assigns costs to products based on the activities that go into making them, providing a more detailed measure of costs.

Overhead Applied

A calculation that allocates a portion of estimated overhead costs to individual units of production based on a predetermined formula.