{"id":53079,"date":"2024-04-15T23:48:45","date_gmt":"2024-04-15T23:48:45","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=53079"},"modified":"2024-04-15T23:48:45","modified_gmt":"2024-04-15T23:48:45","slug":"in-activity-based-costing-system-description-of-activity-can-be-classified-as","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-activity-based-costing-system-description-of-activity-can-be-classified-as\/","title":{"rendered":"In activity based costing system, description of activity can be classified as"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;activity list&#8221; option2=&#8221;activity dictionary&#8221; option3=&#8221;active purpose&#8221; option4=&#8221;both a and b&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>Both A and B<\/strong>.<\/p>\n<p>An activity list is a comprehensive list of all the activities that are performed in an organization. It is used to identify the activities that need to be costed in an activity-based costing system.<\/p>\n<p>An activity dictionary is a detailed description of each activity in the activity list. It includes information such as the purpose of the activity, the resources that are used, and the time that is spent on the activity.<\/p>\n<p>Both the activity list and the activity dictionary are essential for developing an accurate activity-based costing system.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li><strong>Activity list<\/strong> is a comprehensive list of all the activities that are performed in an organization. It is used to identify the activities that need to be costed in an activity-based costing system.<\/li>\n<li><strong>Activity dictionary<\/strong> is a detailed description of each activity in the activity list. It includes information such as the purpose of the activity, the resources that are used, and the time that is spent on the activity.<\/li>\n<li><strong>Active purpose<\/strong> is not a valid option.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;activity list&#8221; option2=&#8221;activity dictionary&#8221; option3=&#8221;active purpose&#8221; option4=&#8221;both a and b&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-53079","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In activity based costing system, description of activity can be classified as<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/in-activity-based-costing-system-description-of-activity-can-be-classified-as\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In activity based costing system, description of activity can be classified as\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;activity list&#8221; 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