Multiple Choice Managerial Accounting Questions

You can highlight the correct choice

If you know these and get them right I will have a few more coming. If you dont know the answers dont respond. A sentence explanation is all I need or just do the calculations.

I will posting more of these questions in the next 10 minutes first one to answer correctly gets the points

1. With activity-based costing, the goal is to

   		Develop a product cost that captures the amount of each resource consumed by the activities performed to produce a specific product.
   		Develop a product cost that allocates manufacturing overhead to each resource consumed by the activities performed to a group of similar products.
   		Develop a product cost that eliminates all waste such as machine down time and defective products.
   		None of the above.

1 points

Question 2

1. The main reason for generating new information provided by activity-based costing is

   		To help managers make better decisions.
   		To provide employees in the accounting department with work to do.
   		To calculate variances.
   		None of the above.

1 points

Question 3

1. In an activity-based costing system, which of the following is not a category in which activities are classified?

   		Product-level
   		Operations-level
   		Customer-level
   		Organization-level

1 points

Question 4

1. Activities that are performed all at once on groups of products is classified as a

   		Unit-level activity.
   		Group-level activity.
   		Batch-level activity.
   		None of the above

1 points

Question 5

1. Identifying activities performed in the organization is the first step in developing activity-based product costs. Which of the following is a way to identify these activities?

   		Asking employees what they do
   		Analyzing industry averages
   		Both a and b
   		Neither a nor b

1 points

Question 6

1. Which of the following is a reason that employees must estimate how much time employees spend performing each activity?

   		So that the budget committee will know how to allocate direct material
   		So that the resources consumed by the activities can be calculated
   		So that the level of detail will not become too burdensome
   		None of the above