Activity Based Costing systems would probably provide the greatest benefits for organizations that use:

a. Absorption costing

bA process costing

c. Job order costing

d. Standard costing

Dolban Company reported the following information about the production and sales of its only product during its first month of operations: Sales ($225 per unit) $360 000 Direct materials used $176 000 Direct Labour $100 000 Variable factory overhead $44 000 Fixed factory overhead $80 000 Variable selling and administrative expenses $20 000 Fixed selling and administrative expenses $10 000 Ending Inventories: Finished goods 400 units The cost of producing one unit of the product using absorption costing would be:

a. $225

b. $170

c. $160

d. $200

Two (2) products X and Y are made using similar equipment and methods. The data for the last period are shown below. What is the OAR using labour hour?

a. $22 per hour

b. $15 per hour

c. $12 per hour

d. $18.85 per hour

Which of the following are characteristics of job costing? i. Homogeneous products ii. Custom-driven productioniii. Complete production possible within a single accounting period

a. i, ii and iii

b. i and iii only

c. ii and iii only

d. i only