Question
Question 1 (1 point) Which of the following industries is most likely to NOT use a job-cost system Question 1 options: a) printing. b) aircraft.
Question 1 (1 point) Which of the following industries is most likely to NOT use a job-cost system Question 1 options:
a) printing.
b) aircraft.
c) chemicals.
d) construction.
Question 2 (1 point) Which of the following is NOT likely to be an activity an activity-based costing (ABC) system Question 2 options:
a) materials handling.
b) inspection.
c) accounting.
d) assembly. Question 3 (1 point) If variable costs are increasing in total Question 3 options:
a) activity is decreasing.
b) activity is increasing.
c) variable costs per unit are decreasing.
d) variable costs per unit are increasing.
Question 4 (1 point) James Corporation manufactures two models of its roasting pans, a standard and a deluxe model. Three activities have been identified as cost drivers and the related costs pooled together to arrive at the following information:
Product Number of Setups Number of Components Number of Orders Standard 12 8 440 Deluxe 16 14 750 Costs per pool $30,000 $76,000 $14,000
If activity-based costing is used, then the total cost of the components used in the Deluxe model would be,
Question 4 options:
a) $3,455.
b) $27,636.
c) $76,000.
d) $48,364.
Question 5 (1 point) A department that is equipment intensive would most likely use a budgeted factory overhead rate based on which of the following cost drivers Question 5 options:
a) machine hours.
b) direct labour hours.
c) direct labour cost.
d) units of direct labour used.
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