9. Which of the following statements is not true regarding activity-based costing systems? They have separate cost allocation rates for each activity a. b They can create more accurate product costs produces costing systems use of multiple cost drivers will produce less precise unit costs when a company many different products that require different types and levels of overhead costs. trace direct materials and direct labor to products just as in traditional product d. They 10. Smith Company has established the following overhead cost pools and cost drivers for the month of May: 50 orders 100 setups 10,000 kilowatt hours Purchase orders $30,000 50,000 10,000 Machine setups Electricity Product X requires 10 purchase orders, 10 setups and 1,000 kilowatt hours. The total overhead of Product X under the ABC costing is: a. $12,000 b. $20,000 c. $25,000 d. $10,000 11. If the fixed expenses of a product increase while variable expenses and the selling price remain constant, what will happen to the total contribution margin and the break-even point? Contribution margin Break-even polnt 1B. Increase Decrease Unchange | | Unchanged Unchanged a. b. c d. Choice A. Choice B. Choice C. Choice D. 12. Marissa, Inc. has a contribution margin of 40% and fixed costs of$220,000, what sales revenue is needed to attain a $60,000 profit? a. $700,000 b. $550,000 c. $88,000 d. $466,667