The Method That First Traces Costs to a Department and Then

question 80

Multiple Choice

The method that first traces costs to a department and then to products is called:

• A)direct costing
• B)absorption costing
• C)unit-based costing
• D)indirect costing

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Definitions:

Future Trends

Predictions or projections about the direction of developments or occurrences in any field over upcoming periods.

Demographic Transition Model

A theory that describes the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Birth Rates

The number of live births per thousand of the population in a given period, often used to measure population growth.

Preindustrial Stage

A period or phase in development before the widespread industrialization, characterized by agrarian economies and limited technology.