Question
1. Acompanyisconsideringa newprojectthatwillcost$19,000.Thisprojectwouldresultinadditionalannualrevenuesof$6,000forthenext5yearsandthecompanyhasalreadypaidfor$2,000forpermitfees.The$2,000costisanexampleofa(n): . .Sunkcost . .Fixedcost . . Incrementalcost . .Uncontrollablecost QUESTION 17 Whenusingactivitybasedcostingmethodoverheadallocationistypicallybasedon: . .Onerate . .Twoormorerates . . Atleast2ratesbutusuallymanymore . .Volumebasedmeasuressuchas machinehours
1. Acompanyisconsideringa newprojectthatwillcost$19,000.Thisprojectwouldresultinadditionalannualrevenuesof$6,000forthenext5yearsandthecompanyhasalreadypaidfor$2,000forpermitfees.The$2,000costisanexampleofa(n):
- . .Sunkcost
- . .Fixedcost
- . . Incrementalcost
- . .Uncontrollablecost
QUESTION 17
Whenusingactivitybasedcostingmethodoverheadallocationistypicallybasedon:
- . .Onerate
- . .Twoormorerates
- . . Atleast2ratesbutusuallymanymore
- . .Volumebasedmeasuressuchas machinehours
QUESTION 11
- Anunfavorablematerialsvarianceiscausedby
- . .Payingemployeesahigherwagethanthestandard
- . .Payingemployeesalowerwagethanthestandard
- . .Purchasingmaterial at acostthatislowerthanthestandard
- . . .Cannotdeterminebasedontheinformationgiven
QUESTION 6
- Ace Companywantstogivetheirmanagersthegreatestamountofresponsibilityovertheirdepartment'saccounting.Whichofthefollowingresponsibilitycenterswouldaccomplishthatgoal?
- . .Costcenter
- . .Profitcenter
- . .Investmentcenter
- . . Company center
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
