Question 13 2 pts In which of the following industries would a job order cost system most likely be used? Sugar Refining Construction Brick Manufacturing Beverage Question 14 2 pts Which manager is usually held accountable for an explanation of the materials PRICE variance? O production supervisor O purchasing agent none of the listed answers are correct marketing manager Question 15 2 pts If a capital investment has a negative Net Present Value (NPV), the project's Internal Rate of Return (IRR) is greater than the company's Required Rate of Return (or hurdle rate). True False Question 16 2 pts If payback period is the only method used to evaluate a capital project, an investment with a shorter payback is preferable to an investment with a longer payback True False Question 10 2 pts Use the following information for Questions 10, 11 & 12: Unit-Level Batch-Level Product OH Level OH Facility- Level OH Total OH $20,000 $50,000 $120,000 $200,000 5,000 100 setups machine hrs 24,000 units Total OH $10,000 Costs 400 labor Cost Driver hrs Small Tractor Tires Share 40 labor hrs of Cost Driver 2 setups 1,500 machine hrs 1,000 units Roadster Tires produces a variety of auto and truck tires at its Dayton manufacturing plant. The plant is highly automated and uses an activity-based costing system to allocate overhead costs to its various product lines. The costs and cost drivers associated with four activity cost pools are given below: 10. If the company had used labor hours as a company-wide allocation base, how much total overhead would have been allocated to the Small Tractor Tires? $5,000 $21,400 TUO TUDOT Cost Driver hrs 100 setups machine hrs units Small Tractor Tires Share 40 labor hrs of Cost Driver 2 setups 1,500 machine hrs 1,000 units Roadster Tires produces a variety of auto and truck tires at its Dayton manufacturing plant. The plant is highly automated and uses an activity-based costing system to allocate overhead costs to its various product lines. The costs and cost drivers associated with four activity cost pools are given below: 10. If the company had used labor hours as a company-wide allocation base, how much total overhead would have been allocated to the Small Tractor Tires? $5,000 $21,400 $8,000 $20,000