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Question
The following four steps are necessary in order to use an activity-based costing system:
1. Compute the allocation rate for each activity.
2. Identify activities and estimate their total costs.
3. Identify the cost driver for each activity and then estimate the quantity of each driver's allocation base.
4. Allocate the indirect costs to the cost object.
In what order are these steps performed?
A) 1,2,3,4
B) 3,1,2,4
C) 2,3,1,4
D) 2,1,3,4
Answer
This answer is hidden. It contains 31 characters.
Related questions
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Sep Cash collections
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C) account form balance sheet.
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Q:
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B) posting.
C) proofing.
D) footing.
Q:
A) chart of accounts.
B) ledger.
C) trial balance.
D) journal.
Answer: B
Q:
Which of the following statements about revenue is CORRECT?
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B) Revenues decrease owner's equity, so a revenue account's normal balance is a debit balance.
C) Revenues increase owner's equity, so a revenue account's normal balance is a debit balance.
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Q:
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B) account number, as shown in the chart of accounts.
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Q:
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B) finding the account number in the chart of accounts.
C) recording the transaction, including a brief explanation.
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Q:
In the accounting system, the first place that transactions are recorded is the ledger.
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For liabilities and revenues, a debit increases the account.
Q:
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At the end of the year, actual data were as follows:
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C) $12,000 Favorable
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