GB 519 RANK Let's Do This /gb519rank.com GB 519 RANK Let's Do This /gb519rank.com | Page 23

Simplify the accounting process.
Provide cost information on a timely basis.
Insure transmission of correct data.
Extend the useful life of the cost data.
Adjust for variances in data sources.
UNIT 2 QUIZ
Question 4. Question : The ideal criterion for choosing an
allocation base for overhead is:
Student Answer:
Ease of calculation.
A cause-and-effect relationship.
Ease of use.
Its preciseness.
Question 5. Question : Effective implementation of activity-
based costing (ABC)
requires:
Student Answer: