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Only a few choice questions and l need these answers in 20-30 minutes. l need the answer as soon as possible. You dont need to
Only a few choice questions and l need these answers in 20-30 minutes. l need the answer as soon as possible. You dont need to give me any explanation or notes. l just need the correct answer. Then l will give you a positive rating without hesitance. Thank You!
II. Please choose one from the four choices given below. (Total 10 marks of 5 questions, 2 marks for each) 1. Cost assignment A) includes future and arbitrary costs Paper B Page 1. total 4 pages B) is the same as cost accumulation C) is the difference between budgeted and actual costs D) encompasses allocating indirect costs to a cost object 2. Sales total $400,000 when variable costs total $300,000 and fixed costs total $50,000. The breakeven point in sales dollars is A) $170,000 B) $120,000 C) $200,000 D) $210,000 3. Which of the following costs is inventoried when using absorption costing? A) variable selling costs B) fixed administrative costs C) fixed selling costs D) variable manufacturing costs 4. Which of the following statements about the direct/indirect cost classification is true? A) Indirect costs are always traced. B) Indirect costs are always allocated. C) The design of sales target affects the direct/indirect classification. D) The direct/indirect classification depends on the cost control measures. 5. In a normal costing system, the Manufacturing Overhead Control account A) is increased by allocated manufacturing overhead B) is credited with amounts transferred to Work-in-Process C) is decreased by allocated manufacturing overhead D) is debited with actual overhead costsStep by Step Solution
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