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Match Each of the Following Terms a Through J with the Appropriate

Question 223

Matching

Match each of the following terms a through j with the appropriate definitions 1 through 10.

Premises:
Activities performed to sustain facility capacity as a whole.
An outgrowth of ABC that uses the link between activities and costs.
A cost allocation method that focuses on activities performed.
Actions which cause costs to be incurred.
The target of a cost assignment.
An allocation rate used to assign overhead costs to cost objects.
Activities performed only on groups of units.
Actions which add value to a product.
Factor that drives cost.
A collection of costs that are related to the same or similar activity.
Responses:
Pool rate
Activity cost driver
Value-added activities
Cost pool
Facility-level activities
Cost object
Activity-based costing
Batch level activities
Activity
Activity-based management

Correct Answer:

Activities performed to sustain facility capacity as a whole.
An outgrowth of ABC that uses the link between activities and costs.
A cost allocation method that focuses on activities performed.
Actions which cause costs to be incurred.
The target of a cost assignment.
An allocation rate used to assign overhead costs to cost objects.
Activities performed only on groups of units.
Actions which add value to a product.
Factor that drives cost.
A collection of costs that are related to the same or similar activity.
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