Identifying Activity-Based Cost Pools & Drivers

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does the activity-based costing method calculate?

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1. What items are identified to help you calculate your overhead in the activity-based costing method?

2.

Which of the following cost pools is this cost driver a part of?


Purchasing the paint needed to paint the custom coat racks.

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About This Quiz & Worksheet

How do you identify activity-based cost pools and drivers? Check your knowledge of these methods and also what the activity-based costing method calculates by using the worksheet and quiz.

Quiz & Worksheet Goals

These tools help gauge your knowledge of:

  • A cost driver that you would include in the Personnel cost pool
  • Cost driver for a wedding invitations business that is part of the Office Expenses cost pool
  • What the activity-based costing method calculates
  • Items identified to help you calculate overhead in the activity-based costing method

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on activity-based cost pools and drivers
  • Information recall - access the knowledge you have gained about the purpose of the activity-based costing method
  • Knowledge application - use your knowledge to answer questions about the types of cost pools

Additional Learning

Gain more insights with the lesson named Identifying Activity-Based Cost Pools & Drivers. Some other topics you can review include:

  • Examples of the activity-based costing method
  • Cost pools
  • The importance of cost drivers
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