Q19. Which of the following is a limitation of activity-based costing? A. Only manufacturing companies can use it. B. It can only be used to improve product costing C. It does not lkad to better management decisions D. Arbitrary allocations of overhead costs may contine Q20. What is the primary benefit of activity-based costing A. More cost pools B. Arbitrary allocations of overhead costs C. The cost of implememtation D. More accurate product costing Q21. Which of the following is a product-level activity? A. Equipment sctups B. Utilities C. Product design D. Property taxes Q22 Which of the following is a batch-level activity? A Purchase ordering B. Assembling C. Product design D. Engineering changes Q23. Variable costs are costs that A. Vary in total directly and proportionately with changes in the activity level B. Remain the same per unit at every activityy level C. Both A & B. D. None of the Above. 024. Mixed costs consist of a, A. Variable cost element and a fined cost element B. Fixed cost element and a controllable cost element. C. Relevant cost clement and a controllable cost clement D. Variable cost ckment and a relevant cost clement. 925. Lezoli Enterprises sells handmade clocks. Its variable cost per clock is $6, and cach clock sells for S15. Calculate Lezoli's contribution margin per unit and contribution margin ratio. A. Unit contribution margin is $9, contribution margin ratio is 40% B. Unit contribution margin is $9, contribution margin ratio is 60% C. Unit contribution margin is $15, contribution margin ratio is 40% D. Unit contribution margin is S6, contribution margin ratio is 60%