Question 1
Managers and accountants collect most of the cost information that goes into their systems through ________.
◦ an information data bank
◦ computer programs
◦ source documents
◦ time surveys
Question 2
Place the following steps in the order suggested by the seven steps used to assign costs to individual jobs:
A. | Identify indirect costs |
B. | Compute the total cost of the job |
C. | Select cost-allocation bases |
D. | Compute the indirect cost rate |
◦ ACDB
◦ CADB
◦ BACD
◦ DCAB