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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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