Which one of the following accounts is not used in an activity-based costing (ABC)system?
A)Materials Inventory.
B)Work-in-Process Inventory.
C)Finished Goods Inventory.
D)Overhead ApplieD.
E)Allocations Incurred.

Question

Quizplus · Accepted Answer

In an activity-based costing system, "Allocations Incurred" is not a standard account. ABC focuses on assigning costs to activities and then to products, rather than using traditional allocation methods.

Which One of the Following Accounts Is Not Used in an Activity-Based