Question 1 Not yet answered Marked out of 07 Flag question Traditional Volume-based costing allocates indirect...

Transcribed Image Text:

Question 1 Not yet answered Marked out of 07 Flag question Traditional Volume-based costing allocates indirect product costs based on the volume of output, using such allocation bases as direct labor hours, machine hours, or the amount of direct material used in the production process. Activity- based costing (ABC) has consistently shown that volume-based costing the cost of low-volume products and the cost of high-volume products. Select one: O a. Overstates, Overstates Ob. none of the given answer. c. Overstates, Understates d. Understates, Overstates e. Understates, Understates Question 2 Not yet answered Marked out of 07 Fing question If the beginning finished goods inventory (in units) and the desired finished goods ending inventory (in units) are the same, the required production in units will be Select one: Oa. All of the given answers are correct Ob. Equal to unit sales plus beginning finished good inventory (in units) plus ending finished goods inventory (in units) O c. Equal to unit sales plus beginning finished good inventory (in units) d. Equal to unit sales Next page Question 1 Not yet answered Marked out of 07 Flag question Traditional Volume-based costing allocates indirect product costs based on the volume of output, using such allocation bases as direct labor hours, machine hours, or the amount of direct material used in the production process. Activity- based costing (ABC) has consistently shown that volume-based costing the cost of low-volume products and the cost of high-volume products. Select one: O a. Overstates, Overstates Ob. none of the given answer. c. Overstates, Understates d. Understates, Overstates e. Understates, Understates Question 2 Not yet answered Marked out of 07 Fing question If the beginning finished goods inventory (in units) and the desired finished goods ending inventory (in units) are the same, the required production in units will be Select one: Oa. All of the given answers are correct Ob. Equal to unit sales plus beginning finished good inventory (in units) plus ending finished goods inventory (in units) O c. Equal to unit sales plus beginning finished good inventory (in units) d. Equal to unit sales Next page