Under which costing system non-manufacturing costs may be included in ?calculating product costs „Activity based costing system only .a None of the given answers .b „Absorption costing and Variable costing systems „Absorption costing system only .d .C Variable costing system only .e

1. Why are indirect costs not directly traced to cost objects in the same way as direct costs? 2. Define cost tracing, cost allocation, allocation base and cost driver. 3. Distinguish between arbitrary and cause-and-effect allocations. 4. Explain how cost information differs for profit measurement/inventory valuation requirements compared with decision-making requirements. 5. Explain why cost systems should differ in terms of their level of sophistication.

Costing Method. How does the two method ( WACO - FIFO) differ?

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6- Absorption costing makes an apportionment of indirect costs so that the products absorb these costs. The main problem with this procedure can be pointed out: *a) only considers fixed costsb) the apportionment is arbitraryc) disregards variable costsd) only considers variable costs

In Classification Of Cost (Marginal costs) What Is A Business Situational Example of the ff: Marginal costs Differential/Incremental costs Opportunity costs Relevant cost Replacement cost Shutdown cost Capacity cost Sunk cost

'Direct costs are treated differently under the ABC method than under the traditional full costing method.' Is the above statement true or false? A. True B. False

9 Which of the following types of costs present the greatest difficulty in efforts to trace them to products and services? Select one: a. Product/service-level costs b. Unit-level costs c. Organization-sustaining costs d. Batch-level costs

Marginal costing is also known as: O a. Direct costing and Variable costing O b. Direct costing c. Variable costing d. None of the mentioned

Explain the difference between the cost classifications, ‘production prime costs’ and ‘indirect production overheads’, and discuss the cost accounting applications of the differences used for traditional absorption costing purposes   [dont give  chatgpt answer]