Author Question: Which of the following statements is true of a peanut-butter costing system? A) A peanut-butter ... (Read 33 times)

DyllonKazuo · **on:** Jul 5, 2018

Which of the following statements is true of a peanut-butter costing system?

A) A peanut-butter costing system typically has more-homogeneous indirect cost pools.
B) A peanut-butter costing system broadly averages or spreads the cost of resources uniformly to cost objects.
C) A peanut-butter costing system assumes that all costs are variable.
D) In a peanut-butter costing system, costs of activities are used to assign costs to other cost objects such as products or services based on the activities the products or services consume.

Question 2

Which of the following owner's equity accounts follows the same debit and credit rules as liabilities?
a. expense accounts only
b. drawing accounts only
c. revenue accounts only
d. expense and drawing accounts