C

Which of the following is not a benefit of activity-based costing?

• Enhanced control over overhead costs.

• Less costly to use.

• More accurate product costing

• None

An activity-based costing system uses which of the following procedures?

• Overhead costs are traced to departments, then costs are traced to products

• Overhead costs are traced to activities, then costs are traced to products.

• All overhead costs are expensed as incurred.

• Overhead costs are traced directly to products.

Who is the father of accounting

In activity-based costing, final cost allocations assign costs to

Sylvia Company has identified an activity cost pool to which it has allocated estimated overhead of P1,920,000 and determined the expected use of cost drivers per that activity to by 160,000 inspections. Widgets require 40,000 inspections, Gadgets 30,000 inspections, and Targets, 90,000 inspections.

The overhead assigned to each product is

• Widgets P40,000, Gadgets P30,000, Targets P90,000

• Widgets P480,000, Gadgets P360,000, Targets P1,080,000

• Widgets P480,000, Gadgets P360,000, Targets P1,080,000

• None