Max Inc Has Started a New System of Allocating Costs According

question 91

Multiple Choice

Max Inc. has started a new system of allocating costs according to what their employees do, rather than what the company spends. For example, labor expenses are allocated to employee tasks rather than salary and benefits. This practice is referred to as:

• A) cost accounting.
• B) accounting auditing.
• C) task accounting.
• D) activity-based costing.
• E) allocation costing.

---

Definitions:

Class

In programming, a blueprint for creating objects that contains specific attributes and methods.

Relative Frequency

The proportion between how often a specific value appears and the overall count of data points observed.

Midpoint

The middle point of a line segment, exactly equidistant from both ends.

Cumulative Percent Frequency

A measure used in statistics to describe the percentage of data points that fall within a certain category or below a specified value, accumulating from the start of the data set.