(TOP QUALITY EXAM REVIEW) WGU C253 ADVANCED MANAGERIAL ACCOUNTING, EXAM QUESTIONS AND ANSWERS, RATED A+. VERIFIED. 2000 UNDERAPPLIED

(TOP QUALITY EXAM REVIEW) WGU C253 ADVANCED MANAGERIAL ACCOUNTING, EXAM QUESTIONS AND ANSWERS, RATED A+. VERIFIED. 2000 UNDERAPPLIED

Question :Absorption costing
CORRECT ANSWER:A costing method that includes
all manufacturing costs—direct materials, direct labor,
and both variable and fixed manufacturing overhead—in
unit product costs.
Question :Activity
CORRECT ANSWER:An event that causes the
consumption of overhead resources in an organization.
Question :Activity base
CORRECT ANSWER:A measure of whatever causes
the incurrence of a variable cost. For example, the total
cost of surgical gloves in a hospital will increase as the 

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