Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2020

Authors: Bernard J. Bieg, Judith A. Toland

30th edition

357117174, 978-0357117170

More Books

Students also viewed these Accounting questions

Question

Contrast Jungs and Freuds approaches to therapy.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago