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    Harvard university
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Category > Accounting Posted 01 Jun 2017 My Price 6.00

The classification of a cost

  1. The classification of a cost as either direct or indirect depends primarily​ on:

a. the type of business

b. the definition of the cost object

c. the computer tracing system within the organisation

d. the knowledge of the accountant

 

2.  Under both the traditional approach to full costing and activity−based costing, there is no difference in​ the:

a. total costs

b.assignment of overhead costs

c. unit cost

d. A and B

 

3. Activity−based costing is likely to be most beneficial to firms with which​ characteristics?

a. has a multi- product range that use resources differently

b. has a multi- product range that use similar processes

c. Manufactures a single product

d.  is set- up as a public company.

Answers

SuperTutor
(15)
Status NEW Posted 01 Jun 2017 05:06 AM My Price 6.00

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