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BSAD 530 (Advanced Managerial Accounting) Exam 2 questions with correct answers
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BSAD 530 (Advanced Managerial Accounting) Exam 2 questions with correct answers
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BSAD 530 (Advanced ManagerialAccounting) Exam 2 questions with
correct answers 2024-2025
which |of |the |following |might |be |included |in |a |customer |relations |cost |pool? |- |ANSWERS✔✔
|-cost |of |sales |calls
-customer |entertainment
overhead |includes |both |manufacturing |and |non |manufacturing |costs |under: |- |ANSWERS✔✔
|activity |-based |costing
activity-based |costing |treats |organization-sustaining |costs |as |__ |costs. |- |ANSWERS✔✔
|period
match |the |activity |pool |with |an |appropriate |activity |measure. |- |ANSWERS✔✔ |customer
|orders-number |of |customer |orders
product |design-number |of |product |designs
order |size-machine |hours
customer |relations-number |of |customers
a |cost |pool |including |costs |to |entrain |customers |and |make |sales |calls |would |be |considered |a
|__ |activity. |- |ANSWERS✔✔ |customer-level
if |the |activity |rate |is |$65 |per |order |with |a |total |of |120 |orders |for |a |product, |the |overhead
|cost |assigned |to |the |product |would |be |$__. |- |ANSWERS✔✔ |65x120=$7800
place |the |steps |for |implementing |ABC |in |order. |- |ANSWERS✔✔ |1. |define |activities, |activity
|cost |pools, |and |activity |measure.
,2. |assign |overhead |costs |to |activity |cost |pools.
3. |calculate |activity |rate
4. |assign |overhead |costs |to |cost |objects
5. |prepare |management |reports.
which |of |the |following |costs |can |be |easily |traced |to |individual |products? |- |ANSWERS✔✔ |-
warranty |repair |costs
-sales |commission
-shipping |costs
the |customer |orders |cost |pool |consumes |25% |of |the |indirect |factory |wages. |What |amount
|will |be |allocated |to |this |cost |pool |in |the |first-stage |allocation |if |total |indirect |factory |wages
|are |$500,000 |- |ANSWERS✔✔ |500000x.25=125000
in |activity-based |costing, |first-stage |allocation |assigns |__ |costs |to |activity |cost |pools. |-
|ANSWERS✔✔ |overhead
types |of |costs |that |might |be |included |in |a |cost |pool |based |on |order |size |include: |-
|ANSWERS✔✔ |-equipment |depreciation
-factory |supplies
what |manufacturing |overhead |costs |are |not |assigned |to |products |in |activity-based |costing?
|- |ANSWERS✔✔ |-the |costs |of |organization-sustaining |activities
-costs |of |idle |capacity
__-__ |activities |occur |regardless |of |which |customers |are |served, |which |products |are
|produced |or |how |many |batches |are |run |or |units |made. |- |ANSWERS✔✔ |organization
|sustaining
,match |the |following |activity |levels |in |activity-based |costing |with |the |correct |activity. |-
|ANSWERS✔✔ |unit |level-power |to |run |production |equipment
batch |level-machine |set |up
product |level-product |design
customer |level-sales |calls
organization |sustaining-factory |cooling |system.
usually, |traditional |costing |__ |high-volume |products |and |__ |low-volume |products |-
|ANSWERS✔✔ |overcosts
undercosts
power |to |run |production |equipment |would |be |a(n) |__-level |activity. |- |ANSWERS✔✔ |unit
some |manufacturing |costs |may |be |excluded |from |product |cost |when |using |ABC. |-
|ANSWERS✔✔ |true.
what |causes |traditional |and |activity-based |costing |systems |to |report |different |product
|margins? |- |ANSWERS✔✔ |-the |ABC |system |assigns |non |manufacturing |overhead |costs |to
|products |on |a |cause-and-effect |basis |as |apposite.
-traditional |cost |systems |allocate |all |of |the |manufacturing |overhead |costs |to |products |using
|a |volume-related |allocation |base.
-traditional |cost |systems |allocate |all |manufacturing |overhead |costs |to |products.
which |activity |measure |is |most |appropriate |for |a |cost |pool |consisting |of |the |costs |of
|resources |consumed |taking |and |processing |customer |orders? |- |ANSWERS✔✔ |the |number
|of |customer |orders.
designing |and |advertising |a |product |are |all |__-level |activities |- |ANSWERS✔✔ |product
, activity |based |costing |only |charges |products |for |the |cost |of |the |capacity |used |because: |-
|ANSWERS✔✔ |-it |results |in |a |more |stable |unit |product |cost
-products |are |only |assigned |the |costs |of |resources |they |actually |use.
activity |rates |are |used |to |apply |overhead |costs |to |products |and |customers |in |the |__-stage
|allocation. |- |ANSWERS✔✔ |second
if |the |activity |rate |for |the |customer |order |cost |pool |is |$250 |per |order |and |the |total |for |this
|cost |pool |is |$425,000, |what |is |the |total |number |of |customer |orders? |- |ANSWERS✔✔ |$1,700
setting |up |equipment, |placing |purchase |orders, |and |arranging |shipments |to |customers |are
|all |examples |of |__-level |activities. |- |ANSWERS✔✔ |batch
match |the |following |words |with |the |correct |description. |- |ANSWERS✔✔ |transaction |driver-
number |of |times |an |activity |occurs
duration |driver-amount |of |time |to |perform |an |activity
activity |measure-cost |driver
activity |cost |pool-amount |of |costs |accumulated |for |a |single |activity.
under |__ |costing, |overhead |costs |are |not |assigned |to |products |if |costs |are |not |specific |to
|products. |- |ANSWERS✔✔ |activity-base
in |activity-based |costing, |each |cost |pool |has |its |own |unique |measure |of |__. |- |ANSWERS✔✔
|activity
what |activity |measure |it |most |appropriate |for |a |cost |pool |consisting |of |the |costs |of
|resources |consumed |taking |and |processing |customer |orders? |- |ANSWERS✔✔ |the |number
|of |customer |orders
activity-based |costing |uses |numerous |__ |cost |pools. |- |ANSWERS✔✔ |overhead
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