In an activity based costing system, the allocation basis that are used for applying costs to services or procedures are called:

CS Executive · Cost and Management Accounting · PYQS · December 2021
In an activity based costing system, the allocation basis that are used for applying costs to services or procedures are called:
(A) Cost objects
(B) Cost drivers
(C) Cost pools
(D) Cost activities

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Activity Based Costing (ABC)

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic