managerial accounting smartbook ch 4
A cost bucket in which costs related to a particular activity measure are accumulated is called a(n) ______.
activity cost pool
A predetermined overhead rate in an activity-based costing system is called a(n)
activity rate
When a company has extensive product diversity and complex overhead, it is best to assign overhead using ______.
activity-based costing
An activity measure in activity-based costing is used as a(n) ________ base for applying overhead costs to products and services.
allocation
A predetermined overhead rate in an activity-based costing system is called
an activity rate
In activity-based costing an activity measure is ______.
an allocation base
When two variables move together, they are said to be negatively correlated. True or false
false
Activity-based costing ______.
computes product costs in the same way as traditional costing
Organization-sustaining activities is another term for _________ level activities
facility
An activity that must be done for each item produced is a(n) __ level activity.
unit
An activity that must be done for each item produced is a(n) ________ activity
unit level
The activity rate is computed by dividing the ______ by the ______.
total cost in the activity cost pool; activity level in the activity cost pool
________ activities relate to specific products and typically must be carried out regardless of how many batches or units of the product are manufactured.
product level
