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Question 31 (1 point) Which of the following involves choosing actions that are right, proper, and just? O balanced costing O activity-based costing O ethical behaviour O cross-functional perspective Question 32 (1 point) Which of the following statements is characteristic of overhead? O The adjusted cost of goods sold is equal to the normal cost of goods manufactured plus or minus the overhead variance. O If the overhead variance shows underapplied overhead, then that amount would be subtracted from normal cost of goods sold. Variances in overhead are expected every other month. C If the overhead variance shows overapplied overhead, then that amount would be subtracted from normal cost of goods sold. Question 33 (1 point) Why is managerial judgement critically important in gathering information about costs? It is important in determining cost behaviour. It helps to broaden statistical estimation results. Costs are enhanced by only by new managers. O It is necessary to understand revenues. Question 34 (1 point) Which of the following would NOT be found on the income statement of a service organization? selling expenses gross margin operating income cost of goods soldcost of goods sold Question 35 (1 point) Which of the following is a characteristic of activity-based costing? It is a traditional costing method. It encourages process-value analysis. It always results in a lower cost assigned to goods or services. It assigns shared costs to jobs. Submit Quiz O of 35 questions saved