TEST 2 4.56 8. Given the following b. $58.00 c.75 d. $18.00 9. Which of the following is not a reason for banks to use activity-based costing? a. to determine profitability of services provided b. to determine the amounts chargod to customers for services provided c. to determine service quality d. all of the above Indicate whether the statement is true or fake 10. Product costing consists of only direct materials and direct labor a. True b. False Indicate the answer choice that best completes the statement or answers the question -11. which of the following is not a factory overhead allocation method? b. multiple departmental rates c activity-based costing d. single plantwide rate Indicate whether the statement is true or false 12. A plantwide factory overhead rate is computed by dividing total bodgcted factory overhead costs by the plantwide allocation base. a. True b. False Indicate the answer choice that best completes the statement or answers the question 13. Cost behavior refers to the manner in which a. a cost changes as the related activity changes b. a cost is used in setting selling prices c. a cost is estimated d. a cost is allocated to products Page 3