0.25 points Save Answer QUESTION 1 Current trends in manufacturing include less direct labor and more overhead. O True O False 0.25 points Save Answer QUESTION 2 ABC is generally more costly to implement than traditional costing. O True O False QUESTION 3 0.25 points Save Answer Machining is a non-value-added activity. O True O False 0.25 points Save Answer QUESTION 4 Not all activities labeled non-value-added are totally wasteful, nor can they be totally eliminated. O True O False QUESTIONS 0.6 points Save Answer Which of the following is not typical of traditional costing systems? O A. Use of a single predetermined overhead rate. O B. Use of direct labor hours or direct labor cost to assign overhead. O C. Assumption of correlation between direct labor and incurrence of overhead cost. O D. Use of multiple cost drivers to allocate overhead. 0.6 points Save Answer QUESTION 6 6 Which best describes the flow of overhead costs in an activity-based costing system? O A. Overhead costs direct labor cost or hours 0 products O B. Overhead costs to products O c. Overhead costs to activity cost pools to cost drivers to products O D.Overhead costs to machine hours to products 0.6 points Save Answer QUESTION 7 Ordering materials, setting up machines, assembling products, and inspecting products are examples of O A cost drivers. O B. overhead cost pools. O C. direct labor costs. O D.nonmanufacturing activities. 0.6 points Save Answer QUESTION 8 Sitwell Corporation manufactures titanium and aluminum tennis racquets. Sitwell's total overhead costs consist of assembly costs and inspection costs. The following information is available: : Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $45,000 Inspections 350 150 $75.000 2,100 labor hours 1.900 labor hours Sitwell is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much assembly cost is assigned to titanium racquets? O A. $15.750. O B. $22.500. O c. $23,625. O D. 531,500