Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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)?

Show Suggested Answer Hide Answer
Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium IIA-CIA-Part3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Wilda
5 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.
upvoted 0 times
Louisa
3 months ago
Pearline: I believe option C is the correct statement.
upvoted 0 times
...
Artie
3 months ago
User 3: So, which option do you think is true then?
upvoted 0 times
...
Pearline
4 months ago
User 2: Yeah, that's correct. Option B is not accurate.
upvoted 0 times
...
Fabiola
4 months ago
I think you're right, ABC does use multiple cost drivers.
upvoted 0 times
...
...
Sharita
5 months ago
Because ABC costing system provides more accurate product costing, not less accurate.
upvoted 0 times
...
Louis
5 months ago
Haha, yeah, I agree with Golda. ABC is all about getting more precise costs, not less. Definitely not option D.
upvoted 0 times
Katie
4 months ago
Yeah, ABC helps in assigning costs more accurately to products based on their activities.
upvoted 0 times
...
Dorathy
4 months ago
I believe option A is true. ABC is different from conventional costing systems in how it allocates manufacturing overhead.
upvoted 0 times
...
Tennie
4 months ago
I agree, ABC is all about getting more accurate costs for products.
upvoted 0 times
...
Adell
4 months ago
I think option C is correct. ABC can be used with both job order and process cost accounting systems.
upvoted 0 times
...
...
Starr
5 months ago
Why do you think it's D?
upvoted 0 times
...
Sharita
5 months ago
I disagree, I believe it's D.
upvoted 0 times
...
Golda
6 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.
upvoted 0 times
...
Izetta
6 months ago
I think option C is the correct answer. ABC systems can be used with both job order and process cost accounting.
upvoted 0 times
Magda
5 months ago
I think option C is also the correct answer.
upvoted 0 times
...
Magda
5 months ago
I agree, option C is the correct answer.
upvoted 0 times
...
...
Starr
6 months ago
I think the answer is C.
upvoted 0 times
...

Save Cancel