Which of the following industries is most likely to NOT use a job-cost system

options: a) printing. b) aircraft. c) chemicals. d) construction.

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.

4. 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.

Question 6 (1 point)

Which of the following is irrelevant to business decisions

Question 6 options:

a)	differential costs.

b)	variable costs.

c)	qualitative factors.

d)	sunk costs.

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, the product setup cost for the Standard model would be,

Question 7 options:

a)

$12,857.

b)

$17,143.

c)

$1,071.

d)

$1,866.

Question 8 (1 point)

The codes of conduct for integrity include all of the following EXCEPT

Question 8 options:

a)	avoiding actual or apparent conflicts of interest.

b)	refusing to advise or assist with the commission of fraud.

c)	recognizing and communicating professional limitations.

d)	communicating information subjectively.

A cost that changes in direct proportion to changes in the cost driver is a

Question 9 options:

a)	fixed cost.

b)	joint cost.

c)	mixed cost.

d)	variable cost.

Hampton Company, a producer of computer disks, has the following information:

Income tax rate	40 percent
Selling price per unit	$1.00
Variable cost per unit	$0.60
Total fixed costs	$36,000.00

What is the contribution margin per unit?

Question 10 options:

a)

$0.40.

b)

$0.60.

c)

$1.00.

d)	none of the above.