48. In two-stage activity-based costing systems, the cost objects in the first stage are ________ and the cost objects in the second stage are ________. A) resources; departments B) activities; products or services C) departments; products or services D) departments; territories

49. ________ is a name for a system that first accumulates indirect resource costs for each of the activities of an organization and then assigns the cost of each activity to the cost objects that require that activity.

A) Activity-based management B) Activity-based cost allocation C) Activity-based costing D) Cost accounting

50. Slocum Company has determined the following information about a new product. The manufacturing process used for the product is very complex and it has a higher proportion of indirect costs than direct costs. The company wants a 100% markup on cost. The following data is available:

Product cost according to traditional costing system $4.00 per unit Product cost according to activity-based costing system $7.00 per unit

What price per unit should Slocum Company use for this new product? A) $4.00 B) $7.00 C) $8.00 D) $14.00

36. When examining the output from regression analysis, the goodness of fit measure is labeled ________ by most computer programs. A) X coefficient B) R2 C) constant D) standard error of estimate

22. Green Company has total variable costs of 75% of total revenues and fixed costs of $10 million per year. What is the break-even point expressed in total revenue dollars?(show work ) A) $10 million B) $12.5 million C) $40 million D) $100 million

20. Smithsonian Company sells chairs at $60 per chair. The variable costs are $30 per chair. Total fixed costs for the period are $150,000. The contribution margin ratio is ________.(show work) A) 22.5% B) 37.5% C) 50.0% D) 62.5%