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IIA Exam IIA-CIA-Part3 Topic 2 Question 87 Discussion

Actual exam question for IIA's IIA-CIA-Part3 exam
Question #: 87
Topic #: 2
[All IIA-CIA-Part3 Questions]

Which of the following statements is true regarding activity-based costing (ABC)?

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Suggested Answer: C

by Carin at Sep 06, 2024, 07:12 PM

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Wilda
4 months ago
Hold up, isn't the whole point of ABC that it uses multiple cost drivers to allocate overhead? Option B can't be right.
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Louisa
2 months ago
Pearline: I believe option C is the correct statement.
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Artie
2 months ago
User 3: So, which option do you think is true then?
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Pearline
3 months ago
User 2: Yeah, that's correct. Option B is not accurate.
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Fabiola
3 months ago
I think you're right, ABC does use multiple cost drivers.
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Sharita
4 months ago
Because ABC costing system provides more accurate product costing, not less accurate.
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Louis
4 months ago
Haha, yeah, I agree with Golda. ABC is all about getting more precise costs, not less. Definitely not option D.
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Katie
3 months ago
Yeah, ABC helps in assigning costs more accurately to products based on their activities.
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Dorathy
3 months ago
I believe option A is true. ABC is different from conventional costing systems in how it allocates manufacturing overhead.
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Tennie
3 months ago
I agree, ABC is all about getting more accurate costs for products.
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Adell
3 months ago
I think option C is correct. ABC can be used with both job order and process cost accounting systems.
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Starr
4 months ago
Why do you think it's D?
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Sharita
4 months ago
I disagree, I believe it's D.
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Golda
5 months ago
I'm not sure about that. Isn't the primary advantage of ABC that it provides more accurate product costing? Option D seems off.
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Izetta
5 months ago
I think option C is the correct answer. ABC systems can be used with both job order and process cost accounting.
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Magda
4 months ago
I think option C is also the correct answer.
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Magda
4 months ago
I agree, option C is the correct answer.
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Starr
5 months ago
I think the answer is C.
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