C
Authored by Terry Tanedo
Business
1st - 2nd Grade
Used 8+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a benefit of activity-based costing?
Enhanced control over overhead costs.
Less costly to use.
More accurate product costing
None
2.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
An activity-based costing system uses which of the following procedures?
Overhead costs are traced to departments, then costs are traced to products
Overhead costs are traced to activities, then costs are traced to products.
All overhead costs are expensed as incurred.
Overhead costs are traced directly to products.
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Who is the father of accounting
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
In activity-based costing, final cost allocations assign costs to
(a)
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Sylvia Company has identified an activity cost pool to which it has allocated estimated overhead of P1,920,000 and determined the expected use of cost drivers per that activity to by 160,000 inspections. Widgets require 40,000 inspections, Gadgets 30,000 inspections, and Targets, 90,000 inspections.
The overhead assigned to each product is
Widgets P40,000, Gadgets P30,000, Targets P90,000
Widgets P480,000, Gadgets P360,000, Targets P1,080,000
Widgets P480,000, Gadgets P360,000, Targets P1,080,000
None
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