Week 1 Quiz Managerial Cost Accounting
1. award: 7 out of
7.00 points
TF Qu. 1 Activity-based costing involves a two-stage ... Activity-based costing involves a two-stage allocation process in which overhead costs are first assigned to departments and then to jobs on the basis of direct labor-hours.
True
False
True / False
Difficulty: Medium TF Qu. 1 Activity-based costing involves a two-stage ...
Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing. 2. award: 7 out of
7.00 points
TF Qu. 2 Batch-level activities are performed each ti... Batch-level activities are performed each time a batch of goods is handled or processed, regardless of the number of units in the batch.
True
False
True / False
Difficulty: Easy TF Qu. 2 Batch-level activities are performed each ti...
Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing. award:
7 out of
7.00 points
TF Qu. 3 Even departmental overhead rates will not co...
Even departmental overhead rates will not correctly assign overhead costs in situations where a company has a range of products that differ in volume, lot size, or complexity of production.
True
False
True / False
Difficulty: Easy TF Qu. 3 Even departmental overhead rates will not co...
Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing.
4. award: 7 out of
7.00 points
TF Qu. 5 Managing and sustaining product diversity re...
Managing and sustaining product diversity requires many more overhead resources such as production schedulers and product design engineers. The costs of these resources can be accurately allocated to products on the basis of direct labor-hours.
True
False
True / False
Difficulty: Medium TF Qu. 5 Managing and sustaining product diversity re...
Learning Objective: 03-01 Understand the basic approach in
7.00 points
TF Qu. 1 Activity-based costing involves a two-stage ... Activity-based costing involves a two-stage allocation process in which overhead costs are first assigned to departments and then to jobs on the basis of direct labor-hours.
True
False
True / False
Difficulty: Medium TF Qu. 1 Activity-based costing involves a two-stage ...
Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing. 2. award: 7 out of
7.00 points
TF Qu. 2 Batch-level activities are performed each ti... Batch-level activities are performed each time a batch of goods is handled or processed, regardless of the number of units in the batch.
True
False
True / False
Difficulty: Easy TF Qu. 2 Batch-level activities are performed each ti...
Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing. award:
7 out of
7.00 points
TF Qu. 3 Even departmental overhead rates will not co...
Even departmental overhead rates will not correctly assign overhead costs in situations where a company has a range of products that differ in volume, lot size, or complexity of production.
True
False
True / False
Difficulty: Easy TF Qu. 3 Even departmental overhead rates will not co...
Learning Objective: 03-01 Understand the basic approach in activity-based costing and how it differs from conventional costing.
4. award: 7 out of
7.00 points
TF Qu. 5 Managing and sustaining product diversity re...
Managing and sustaining product diversity requires many more overhead resources such as production schedulers and product design engineers. The costs of these resources can be accurately allocated to products on the basis of direct labor-hours.
True
False
True / False
Difficulty: Medium TF Qu. 5 Managing and sustaining product diversity re...
Learning Objective: 03-01 Understand the basic approach in