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In ABC costing, what is an activity cost pool?
  • a)
    A temporary account for fixed costs only
  • b)
    A fixed allocation of costs to all activities
  • c)
    A way to record the cumulative costs of a group of similar activities
  • d)
    A separate budget for each activity
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In ABC costing, what is an activity cost pool?a)A temporary account fo...
An activity cost pool is a temporary account used in activity-based costing (ABC) to accumulate and total the costs associated with a specific group of similar activities. It includes both fixed and variable costs related to those activities, providing a more accurate representation of the costs incurred.
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In ABC costing, what is an activity cost pool?a)A temporary account for fixed costs onlyb)A fixed allocation of costs to all activitiesc)A way to record the cumulative costs of a group of similar activitiesd)A separate budget for each activityCorrect answer is option 'C'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In ABC costing, what is an activity cost pool?a)A temporary account for fixed costs onlyb)A fixed allocation of costs to all activitiesc)A way to record the cumulative costs of a group of similar activitiesd)A separate budget for each activityCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In ABC costing, what is an activity cost pool?a)A temporary account for fixed costs onlyb)A fixed allocation of costs to all activitiesc)A way to record the cumulative costs of a group of similar activitiesd)A separate budget for each activityCorrect answer is option 'C'. Can you explain this answer?.
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