E-PolyLearning

6. The broad's average use to assign the cost of revenue to cost objects will be classified as
a. refined costing system
b. refined selling system
c. undefined costing
d. defined selling system
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Answer: (a).refined costing system

7. The costs of all the activities for a group of products, rather than individual product can be classified as
a. activity level costs
b. input level costs
c. batch level costs
d. output level costs
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Answer: (c).batch level costs

8. The product which requires low amount of resources, but incur high per unit cost is classified as
a. expected under cost
b. expected over cost
c. product under costing
d. product over costing
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Answer: (d).product over costing

9. In activity based costing system, the description of activity can be classified as
a. activity list
b. activity dictionary
c. active purpose
d. both a and b
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Answer: (d).both a and b

10. The factors that accelerate the process of refining a costing system include
a. increase in product diversity
b. increase in indirect costs
c. product market competitions
d. all of above
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Answer: (d).all of above

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