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Q red Which of the following is most likely to be true of the manufacturing overhead...
no need for details, just the final answer Which of the following is most likely to...
no need for details, just the final answer
Which of the following is most likely to be true of the manufacturing overhead costs assigned to a product with relatively low volume and high complexity? Select one: O a. A volume-based system will assign more manufacturing overhead costs to the product than an ABC system. O b. An ABC system will assign more manufacturing overhead costs to the product than a volume-based system. O c. An ABC system will assign manufacturing...
A. True or False / Traditionally, Manufacturing Company allocated manufacturing overhead based on machine hours to...
A. True or False / Traditionally, Manufacturing Company allocated manufacturing overhead based on machine hours to products A and B. For 2019, the allocations to products A and B, would be $175,000 and $150,000, respectively. Based on careful analysis, if overhead was allocated based on activity based costing (ABC) to products A and B, it would be $130,000 and $195,000, respectively. If the company implements ABC costing, Product B will be viewed as more profitable than before. B. True or...
with unit-level activities r possible 10) Managing and sustaining product diversit, reers than managing product diversity requires many more overhead resources such as Thschuls and product design...
with unit-level activities r possible 10) Managing and sustaining product diversit, reers than managing product diversity requires many more overhead resources such as Thschuls and product design engineers than managing and sustaining activi -based costing than traditional costing which is based entirely on direct labor-hours. s using activity 11) A traditiona system I cost system is generally easier to set up and run than an activity-based costing 12) Departmental overhead rates will correctly assign overhead costs in situations company has...
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product...
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product cos costs. Raising the sale price of high-volume products. O Raising the sale price of low-volume products. Expanding low-volume products that appear to be profitable. O Cutting back on high-volume products that appear to be unprofitable.
True of False
Following is a list of statements. Identify each statement as true or false.1.A product’s cost can be estimated most accurately when this cost can be traced directly to the product produced or the service provided.select an option TrueFalse2.Overhead costs are the easiest costs to determine because they can be traced easily to the product.select an option ...
9. Which of the following statements is true? a. Activity-based costing uses a number of activity...
9. Which of the following statements is true? a. Activity-based costing uses a number of activity cost pools, each of which is allocated to products on the basis of direct labor-hours. b. Activity rates in activity-based costing are computed by dividing costs from the first stage allocations by the activity measure for each activity cost pool. C. An activity-based costing system is generally easier to implement and maintain than traditional costing system. d. One of the goals of activity-based costing...
What is the company’s plantwide overhead rate? Using the plantwide overhead rate, how much manufacturing overhead...
What is the company’s plantwide overhead rate?
Using the plantwide overhead rate, how much manufacturing
overhead cost is allocated to Product Y and Product Z?
What is the activity rate for the Machining activity cost
pool?
What is the activity rate for the Machine Setups activity cost
pool?
What is the activity rate for the Product Design activity cost
pool?
What is the activity rate for the General Factory activity cost
pool?
Using the ABC system, how much total manufacturing...
Which of the following statements is true? Volume-based costing has typically resulted in lower gross margins for high...
Which of the following statements is true? Volume-based costing has typically resulted in lower gross margins for high-volume products and higher gross margins for low-volume products. Different cost allocation methods are constructed so that they typically result in the same or similar estimates of how much it costs to make a product. Activity-based costing typically provides less information about product costs while requiring more recordkeeping. Activity-based costs per unit are always greater than volume-based costs per unit.
When a company changes from a traditional costing system to an activity based costing system, the...
When a company changes from a traditional costing system to an activity based costing system, the unit product costs of high volume products typically change more than the unit product costs of low-volume products Select one True False
6) Which of the following arguments based on anecdotes is most likely to be incorrect? 6)...
6) Which of the following arguments based on anecdotes is most likely to be incorrect? 6) much less A) The average annual earnings of high school dropouts in the United B) Based on a local survey of a small town, it was argued that greater opportunities to work Q A health survey of preschoolers in Mexico showed that the average height of preschoolers D) Increased government spending lowers the unemployment rate in an economy but can than that of graduates...
no need for details, just the final answer
Which of the following is most likely to be true of the manufacturing overhead costs assigned to a product with relatively low volume and high complexity? Select one: O a. A volume-based system will assign more manufacturing overhead costs to the product than an ABC system. O b. An ABC system will assign more manufacturing overhead costs to the product than a volume-based system. O c. An ABC system will assign manufacturing...
with unit-level activities r possible 10) Managing and sustaining product diversit, reers than managing product diversity requires many more overhead resources such as Thschuls and product design engineers than managing and sustaining activi -based costing than traditional costing which is based entirely on direct labor-hours. s using activity 11) A traditiona system I cost system is generally easier to set up and run than an activity-based costing 12) Departmental overhead rates will correctly assign overhead costs in situations company has...
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product cos costs. Raising the sale price of high-volume products. O Raising the sale price of low-volume products. Expanding low-volume products that appear to be profitable. O Cutting back on high-volume products that appear to be unprofitable.
9. Which of the following statements is true? a. Activity-based costing uses a number of activity cost pools, each of which is allocated to products on the basis of direct labor-hours. b. Activity rates in activity-based costing are computed by dividing costs from the first stage allocations by the activity measure for each activity cost pool. C. An activity-based costing system is generally easier to implement and maintain than traditional costing system. d. One of the goals of activity-based costing...
What is the company’s plantwide overhead rate?
Using the plantwide overhead rate, how much manufacturing
overhead cost is allocated to Product Y and Product Z?
What is the activity rate for the Machining activity cost
pool?
What is the activity rate for the Machine Setups activity cost
pool?
What is the activity rate for the Product Design activity cost
pool?
What is the activity rate for the General Factory activity cost
pool?
Using the ABC system, how much total manufacturing...
When a company changes from a traditional costing system to an activity based costing system, the unit product costs of high volume products typically change more than the unit product costs of low-volume products Select one True False
6) Which of the following arguments based on anecdotes is most likely to be incorrect? 6) much less A) The average annual earnings of high school dropouts in the United B) Based on a local survey of a small town, it was argued that greater opportunities to work Q A health survey of preschoolers in Mexico showed that the average height of preschoolers D) Increased government spending lowers the unemployment rate in an economy but can than that of graduates...
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