Allocating Overhead in Activity-Based Costing Systems


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question 1 of 3

What is the activity-based costing method?

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1. What is a cost pool?

2. Which of the following is NOT a cost pool related to the making of baseball bats?

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About This Quiz & Worksheet

Allocating overhead in Activity-Based Costing (ABC) systems is what you will be focusing on for this combination of a quiz and worksheet. The topics covered include the definition of Activity-Based Costing method and the meaning of a cost pool.

Quiz & Worksheet Goals

For the questions of the quiz, you will notice the following subjects appearing:

  • Cost pools
  • The Activity-Based Costing method
  • A cost pool related to baseball bats
  • Calculating overhead with the ABC method

Skills Practiced

  • Defining key concepts - understand the definition of cost pool
  • Information recall - remember what you have learned about the ABC method
  • Problem solving - practice using the ABC method to determine overhead

Additional Learning

For more information about overhead and ABC systems, you can view the lesson with the title Allocating Overhead in Activity-Based Costing Systems. This will help you review the extra topics listed below:

  • Cost drivers
  • An example of a storage bin business
  • More practice with calculating overhead