1. —————————– are simple
counts of the number of times an activity occurs, such as the
number of bills sent out to customers, while
———————————- measure the amount of time
required to perform an activity, such as the time spent preparing
individual bills for customers.
2. A “bucket” in which costs are accumulated
that relate to a single activity measure in the ABC system, is
3.————————————– is an
allocation base in an activity-based costing system.
4. A method of preparing budgets in which
managers prepare their own budgets, which then get reviewed by
higher-level managers, is
5. Continuous budgets are the same as