Question 1 Not yet answered Marked out of 4.00 Flag question Actual costing systems calculate the actual costs of jobs. Yet, actual costing systems are not commonly found in practice because actual costs cannot be Select one: True False Question 2 Not yet answered Marked out of 4.00 Flag question A manufacturing engineer orders materials from the storeroom using a basic source document called a materials purchasing record, which contains information about the cost of direct materials purchased on a specific job and in a specific department. Select one: True False Question 3 Not yet answered Marked out of 4.00 Flag question Companies never use multiple cost-allocation bases to allocate indirect costs because different indirect costs have different cost drivers. Select one: True False Question 4 Not yet answered Marked out of 4.00 Flag question It is not necessary for managers to closely approximate actual manufacturing overhead costs and actual direct manufacturing labor-hours when calculating the budgeted indirect cost rate. Select one: True False Question 5 To control operations, managers rely on not only the source documents used to record amounts in the subsidiary ledgers, but also on nonfinancial information such as the percentage of jobs requiring rework Stone Question 6 There are several factors affect whether a cost is classified as direct cost or indirect cost Design b. Materiality of the continuation e. The othe r d. Die ingothringinn Question 7 Below are the examples of inventoriable cost in merchandising sector such as Walmart scept: b The older then y incoming right and insurance Any t ising cost for those Harding of the good Question 8 There are four cost estimation method, which differ in terms of how expensive they are to implement the assumptions they make and the information they provide about the accuracy of the estimated cost function. The methods are not mutually exclusive, so many organizations use a combination of methods. One of the method a Casolume-Prof method Variable Coating Method Based Costing Method d. Quentative Analyst Question 9 Not yet answered Marked out of 4.00 Flag question ABC systems commonly use a cost hierarchy with four levels to identify cost- allocation bases that are cost drivers of the activity cost pools. Below are the four levels of activity, except: Select one: a. Facility lay-out cost b. Batch level cost c. Product Sustaining cost d. Output-Unit level cost Question 10 Not yet answered Marked out of 4.00 Flag question What are some of the behavioral issues that managers and management accountants must be sensitive to? Select one: a. Performance measurement between employee in an organization. b. Educating and training employees in ABC as a basis for employee empowerment. c. Different perception between manager and the employee. d. Cultural diversity which lead to an ineffective organization