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ACC 561 Week 3 Assignment Practice Quiz.pdf


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identify the cost driver that has a strong correlation to the activity cost pool.
identify and classify the major activities involved in the manufacture of specific
products.
assign manufacturing overhead costs for each activity cost pool to products.

Multiple Choice Question 50
The first step in activity-based costing is to
compute the activity-based overhead rate per cost driver.
identify the cost driver that has a strong correlation to the activity cost pool.
identify and classify the major activities involved in the manufacture of specific
products.
assign manufacturing overhead costs for each activity cost pool to products.

Multiple Choice Question 51
A well-designed activity-based costing system starts with
assigning manufacturing overhead costs for each activity cost pool to products.
computing the activity-based overhead rate.
analyzing the activities performed to manufacture a product.
identifying the activity-cost pools.

Multiple Choice Question 53
An example of an activity cost pool is

machine hours.