Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as

A cost hierarchy
B price hierarchy
C activity hierarchy
D purpose hierarchy

Correct Answer: cost hierarchy

Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as cost hierarchy. The cost hierarchy is a classification system used in activity-based costing that designates activities based on how easily they can be traced to a product.
Bissoy MCQ
#Commerce #Costing

Related Questions

A circular swimming pool is to be filled with water. If the radius of the pool is 2m and the height of the pool is 7m, what volume of water will be required to fill the pool ?
A 88m^3
B 176m^3
C 25.14m^3
D none of these
A circular swimming pool is to be filled with water. If the radius of the pool is 2 meter and the heingt o the pool is 7m, what volume of water will be required to fill the pool π=22/7
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