MAF451 COMPLETE QUESTION & ANSWER BOOKLET FEB 2021 - Word (Product Activation Failed) - X FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW Sign in do Cut Arial - 11 " A A Aa - Find * Be Copy AaBbCCD AaBbCcDc AaBbCcI AaBbCcC AaBl AaBbCCC AQBbCCDt AQBbCCD Bac Replace 41 4 Paste B I U * abe X x' A - Z - A. Heading 1 1 Normal Title Format Painter 1 No Spac... Heading 2 Subtitle Subtle Em... Emphasis Select - Clipboard G Font G Paragraph Styles G Editing b Under-cost low-volume products and over-cost high-volume products. C . Over-cost low-volume products and under-cost high-volume products. Over-cost low-volume products and over-cost high-volume products. [1 mark] 19. Which of the following is most likely to be true of the manufacturing overhead costs assigned to a product with relatively low volume and high complexity? a An ABC system will assign more manufacturing overhead costs to the product than a volume-based system. b. A volume-based system will assign more manufacturing overhead costs to the product than an ABC system. C . An ABC system will assign the same manufacturing overhead costs to the product as a volume-based system. d. An ABC system will assign manufacturing overhead costs to the product, while a volume-based system will not [1 mark] 20. An organization produces two products: () A low-volume product manufactured using a process that requires multiple machine setup and inspections. (ii) A high-volume product manufactured using a process that requires only a single setup. Regarding activity-based costing (ABC), which of the following statements is most likely to be correct? a. The low-volume product incurs less overhead than the high-volume product. b The cost of multiple setups for the low-volume product are assigned only to that product. C. The low-volume product and the high-volume product will have the same cost groupings. d The costs of multiple setups for the low-volume product will increase if the volume of the product increase. [1 mark] PAGE 5 OF 20 3098 WORDS ENGLISH (UNITED STATES) + 100%