From an ABC perspective, what causes costs to be incurred? Financial transaction

Question

From an ABC perspective, what causes costs to be incurred? Financial transactions. The volume of units produced. Debits and credits. Management decisions. Activities The total cost of goods completed during the accounting period for a manufacturer is called: Ending finished goods inventory. Total manufacturing costs. Ending goods in process inventory. Cost of goods manufactured. Cost of goods sold. Managerial accounting information: Is used mainly by external users. Involves gathering information about costs for planning and control decisions. Is generally the only accounting information available to managers. Can be used for control purposes but not for planning purposes. Has little to do with controlling costs. Products that are in the process of being manufactured but are not yet complete are called: Raw materials inventory. Conversion costs. Cost of goods sold. Goods in process inventory. Finished goods inventory. Factory overhead costs normally include all of the following except: Indirect labor costs. Indirect material costs. Selling costs. Factory- machinery oil. Factory rent.

Explanation / Answer

24)activities . becoz abc means actvity based costing method cost are allocated based on actvities.

25) cost of goods manufactured

26)involves gathering information about costs for planning and controling decisions

27)goods in process inventory

28)selling costs

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