Active-Based Costing Exam Bundle (Rated A+)

Cost Accounting: Activity Based Costing Exam Questions with 100% Correct Answers Why practical capacity is preferred over actual capacity - Answer-- does not hide the cost of idle capacity within product costs - gives a truer cost of activities used to produce the product ABC Implementatio...

Chapter 18 Activity Based Costing Exam Questions and answer

Chapter 17 Active-Based Costing Practice MC Exam Questions with Correct Answers

Chapter 9 - Activity-Based Costing (ABC) Exam Questions with Correct Answers Examples of Volume Related Costs - Answer-Supplies, Lubricating Oil, Machine Repair Examples of Batch Related Costs - Answer-Setup Costs, Material Handling, Shipping Costs Examples of Product Related Costs - Answer...

Chapter 7 Activity Based Costing Exam Questions with Correct Answers What are Duration Drivers? - Answer-Duration Drivers measure the amount of time required to perfrom an activity such as the time spent preparing individual bills for customers What is the most accurate driver in terms of re...

Chapter 4 - Activity- Based Costing (ABC) Exam Questions and Answers Factors for use of ABC - Answer-1. Product lines differ greatly in volume and manufacturing complexity. 2. Product lines are numerous and diverse, requiring various degrees of support services. 3. Overhead costs constitute a s...

Chapter 3: Activity-Based Costing Questions and Answers Benefits of ABC - Answer-Increases number of cost pools used to accumulate OH costs. Activity cost pools are more homogeneous than departmental cost pools. Assigning OH costs using activity measures that cause those costs, rather than rely...

Chapter 4: Activity-Based Costing Exam Questions with Complete Solutions Latest objective of ABC of service - Answer-identify the key activities that generate costs & to keep track of how mnay of those activities are completed for each service performed (same as a manufacture objective) - gene...

Activity-based costing exam questions with verified answers What is a plantwide overhead rate? - Answer-- single overhead rate - used throughout the entire factory and that the allocation base was direct labour-hours or machine hours What is the problems with the plantwide overhead rate? - A...

Activity-Based Costing Exam Questions with Correct Answers

Activity-Based Costing Exam Questions and Answers What is the cost hierarchy for activities? - Answer-1. Organization-sustaining activities 2. Facility-sustaining activities 3. Customer-sustaining activities 4. Product-sustaining activities 5. Batch-level activities 6. Unit-level activities ...

Activity-Based Costing- A Tool To Aid Decision-Making Exam Questions and Answers the activity rate for customer orders activity pool is $20. What does this mean? - Answer-an average customer order consumes resources that cost 20 dollars Second-stage allocation - Answer-The process by which a...

Activity Based Costing Exam Questions with Correct Answers Examples of non-value added activities in a service company: - Answer-Taking appointments, reception, bookkeeping, billing, traveling, ordering supplies, advertising, cleaning, and computer repair. Companies often use ________ to help ...

Activity Based Costing Exam Questions with Complete Solutions