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Which one of the following is likely to be a cost driver? Select one: a. depreciation...

Which one of the following is likely to be a cost driver? Select one:

a. depreciation

b. Retail price

c. Machine hours

d. None of the given answers

e. Monthly rent

CLEAR MY CHOICE

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Answer #1

Answer is option 'C' i.e machine hours.

The concept of cost driver is most commonly used to assign overhead costs to the number of produced units. It can also be used in activity-based costing analysis to determine the causes of overhead, which can be used to minimize overhead costs. Examples of cost drivers are as follows:

  • Direct labor hours worked

  • Number of customer contacts

  • Number of engineering change orders issued

  • Number of machine hours used

  • Number of product returns from customers

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