Allocation bases should reflect the cost object's use of resources.
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Q5: Activity based costing uses one cost pool
Q6: Activity based costing attempts to trace costs
Q7: Direct labour was a common allocation base
Q8: A takeaway shop invests in a marketing
Q9: The cost hierarchy helps identify activities and
Q11: In an activity-based costing system, both organisation-sustaining
Q12: Materials handling is an example of an
Q13: Finance costs would most likely be an
Q14: Traditional costing systems were focused on product
Q15: Administration-sustaining is a category in the cost
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