A framework for classifying activities according to the level at which their costs are incurred is called a
A)bill of activities.
B)full product cost.
C)value chain.
D)cost hierarchy.

Question

Quizplus · Accepted Answer

A framework for classifying activities according to the level at which their costs are incurred is called a cost hierarchy. The other options are not relevant to this concept - a bill of activities is a detailed listing of the activities that make up a process or product, full product cost refers to the total cost of producing and selling a product, and value chain is a framework for analyzing a firm's strategic activities in order to understand the sources of competitive advantage.

A Framework for Classifying Activities According to the Level at Which