ACCS Review Exam with Accurate
Answers
a - ✔✔what of the following activities would be classified as a batch-level activity?
a. setting up equipment
b. designing a new product
c. training employees
d. milling a part required for the final product
false - ✔✔true or false- the production budget is typically prepared prior to the sales budget
sales budget - ✔✔What budget should come first?
duration driver - ✔✔A measure
of the amount
of time needed
for an activity.
transaction driver - ✔✔Simple count
of the number of
times an activity
occurs.
activity - ✔✔An event that causes the consumption of overhead resources.
activity cost pool - ✔✔A "bucket" in which costs are accumulated that relate to a single activity
measure in an activity-based costing system.
Answers
a - ✔✔what of the following activities would be classified as a batch-level activity?
a. setting up equipment
b. designing a new product
c. training employees
d. milling a part required for the final product
false - ✔✔true or false- the production budget is typically prepared prior to the sales budget
sales budget - ✔✔What budget should come first?
duration driver - ✔✔A measure
of the amount
of time needed
for an activity.
transaction driver - ✔✔Simple count
of the number of
times an activity
occurs.
activity - ✔✔An event that causes the consumption of overhead resources.
activity cost pool - ✔✔A "bucket" in which costs are accumulated that relate to a single activity
measure in an activity-based costing system.
