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Chapter 16 - Fill in the blanks

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

1. Activity-based costing is a method of costing in which overheads are assigned to .

2. In absorption costing, costs are collected in .

3. In activity-based costing, costs are collected in .

4. An activity or series of activities that takes place within the business and causes costs to be incurred is known as a .

5. In activity-based costing, the cost per unit of activity is known as the .

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