Copyright

Allocating Overhead in Activity-Based Costing Systems

Instructions:

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

question 1 of 3

What is the activity-based costing method?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. What is a cost pool?

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

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

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
Support