Ask Question
BusinessBusiness
1 August, 13:22

A costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of those activities is:

a) full-absorption costing

b) activity - based costing

c) variable costing

d) benchmarking

+5
Answers (1)
  1. 1 August, 13:39
    0
    Answer: Activity based cost accounting

    Explanation:

    The activity based cost accounting is the one of the type of accounting method in an organization that assigned various types of objects for allocating indirectly the overall cost of the products in the department as compared to the conventional costing.

    According to the given question, the activity based cost accounting is firstly assigning the cost to each activity and then assigning the products based in the consumption for different types of activities in production processing.

    Therefore, Activity based cost accounting is the correct answer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of those ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The market for - is where savers supply funds for loans to borrowers. this market is critical to an economy's output, or gdp.
Answers (1)
Public service announcements (PSAs) a. are not mass-mediated. b. are not paid for. c. are not an attempt to persuade. d. do not use copy similar to advertising.
Answers (1)
Suppose the rate of return on short-term government securities (perceived to be risk-free) is about 7%. Suppose also that the expected rate of return required by the market for a portfolio with a beta of 1 is 13%.
Answers (1)
Alfonso began the year with a tax basis in his partnership interest of $15,000. His share of partnership debt at the beginning and end of the year consists of $7,000 of recourse debt and $10,000 of nonrecourse debt.
Answers (1)
Six years ago, Archie lost his job as a highly skilled craftsman at a metal working shop. Before accepting a job as a maintenance worker at a local community college, he searched for a job similar to his old trade for several months.
Answers (1)
New Questions in Business
Beaver Construction purchases new equipment for $50,400 cash on April 1, 2015. At the time of purchase, the equipment is expected to be used in operations for seven years (84 months) and have no resale or scrap value at the end.
Answers (1)
Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets.
Answers (1)
Proximate cause is the determination that the defendant's breach of duty resulted directly in the plaintiff's injury. a. True b. False
Answers (1)
Dale City is accumulating financial resources that are legally restricted to payments of general long-term debt principal and interest maturing in future years.
Answers (2)
Family members may lend you money based on Question options: obligation. your sound business plan. your strength of character. guilt.
Answers (2)
Home » Business » A costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of those activities is: a) full-absorption costing b) activity - based costing c) variable costing d) benchmarking
Sign Up Forgot Password?