Solve the MCQs please Cost management systems, such as Activity Based Costing, tend to focus on...
Solve the MCQs please
Cost management systems, such as Activity Based Costing, tend to focus on an organization's:
activities
rules and regulations
machines
employees
customers
2:) The division of activities into unit-level, batch-level, product-sustaining level, and facility-level categories is commonly known as a cost:
classification scheme that is useful in traditional, volume-based systems
application method
hierarchy
object
estimation method
3:) Let us assume that fixed and variable costs remain constant, the decreases of selling price will
have no any effect
increase resource drivers
decrease resource drivers
decrease the break-even volume
increase the break-even volume
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Solve the MCQs please
Cost management systems, such as Activity Based Costing, tend to
focus on...
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: *...
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees machines rules and regulations activities customers
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: *...
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees customers machines activities rules and regulations 10. Which of the following statements is true? (3 Points) The word "cost" has the same meaning in all situations in which it is used. All organizations incur the same types of costs Costs incurred in one year are always meaningful in the following year Different cost concepts and classifications are used for different Purposes...
2. Let us assume that fixed and variable costs remain constant, the decreases of selling price...
2. Let us assume that fixed and variable costs remain constant, the decreases of selling price will (3 Points) decrease the break even volume have no any effect increase the break-even volume decrease resource drivers increase resource drivers 3.In an activity-based costing system, direct materials used would typically be classified as a (3 Points) unit-level cost batch-level cost facility-level cost product-sustaining cost management-level cost
1.Let us assume that fixed and variable costs remain constant, the decreases of selling price will...
1.Let us assume that fixed and variable costs remain constant, the decreases of selling price will a.increase resource drivers b.decrease resource drivers c.decrease the break-even volume d.have no any effect e.increase the break-even volume 2/….is the difference between the budgeted (expected) sales and breakeven sales. a.Margin of safety percentage b.Margin of safety c.Expected sales d.Actual sales 3.Cost management systems, such as Activity Based Costing, tend to focus on an organization's: a.activities b.machines c.customers d.employees e.rules and regulations 4.Costs that are...
Which of the following are part of the four-level hierarchy used in activity-based costing systems? Batch-level...
Which of the following are part of the four-level hierarchy used in activity-based costing systems? Batch-level activities Company-wide activities Facility-level activities Overhead activities Product-level activities Unit-level activities
amherst metal works ABC systems commonly use a cost hierarchy with four levels to identify cost-allocation...
amherst metal works
ABC systems commonly use a cost hierarchy with four levels to identify cost-allocation bases that are cost drivers of the activity cost pools: (1) Output unit-level costs: the costs of activity performed on each individual unit of a product or service. (2) Batch-level costs: the costs of activities related to a group of units of a product or service. (3) Product-sustaining costs (service-sustaining costs): the costs of activities undertaken to support individual products or services, regardless of...
Select the incorrect statement regarding the use of cost drivers in activity based costing systems. Multiple...
Select the incorrect statement regarding the use of cost drivers in activity based costing systems. Multiple Choice O ABC uses volume-based and activity based cost drivers. 0 Volume based drivers are most appropriate for costs that are affected by the number of units produced 0 ABC's use of multiple cost drivers will produce less accurate unit costs when a company produces many different products that require different types and levels of overhead costs. 0 An arbitrary cost driver must be...
Which of the following is a correct form of the break-even equation when using activity-based costing? a. BE ($) =...
Which of the following is a correct form of the break-even equation when using activity-based costing? a. BE ($) = (fixed costs + batch-level costs)/contribution margin per unit b. BE (units) = (fixed costs + facility-level costs)/contribution margin per unit c. BE ($) = (fixed costs + batch-level costs + product-level costs)/contribution margin per unit d. BE (units) = (fixed cost + batch-level costs + product-level costs)/contribution margin per unit If a company has a positive contribution margin but net...
. Required Question: . please do it Implementation of Activity-based costing (ABC) The case of a...
.
Required Question:
.
please do it
Implementation of Activity-based costing (ABC) The case of a Juice Company John Orland, controller of the Juice Company, has been concerned over the erosion of the recent financial results especially for the standard flavors (A and B) which used to earn a hefty 20 per cent of profit margin. Recently, Dan Brun, the sales manager has expanded the lines of products to encompass new flavors (C & C) which were in high demand...
Problem 4.33 Activity-Based Costing: Service Firm
Glencoe First National Bank operated for years under the assumption that profitability can be increased by increasing dollar volumes. Historically, First National's efforts were directed toward increasing total dollars of sales and total dollars of account balances. In recent years, however, First National's profits have been eroding. Increased competition, particularly from savings and loan institutions, was the cause of the difficulties. As key managers discussed the bank's problems, it became apparent that they had no idea what their products were...
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees machines rules and regulations activities customers
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees customers machines activities rules and regulations 10. Which of the following statements is true? (3 Points) The word "cost" has the same meaning in all situations in which it is used. All organizations incur the same types of costs Costs incurred in one year are always meaningful in the following year Different cost concepts and classifications are used for different Purposes...
2. Let us assume that fixed and variable costs remain constant, the decreases of selling price will (3 Points) decrease the break even volume have no any effect increase the break-even volume decrease resource drivers increase resource drivers 3.In an activity-based costing system, direct materials used would typically be classified as a (3 Points) unit-level cost batch-level cost facility-level cost product-sustaining cost management-level cost
amherst metal works
ABC systems commonly use a cost hierarchy with four levels to identify cost-allocation bases that are cost drivers of the activity cost pools: (1) Output unit-level costs: the costs of activity performed on each individual unit of a product or service. (2) Batch-level costs: the costs of activities related to a group of units of a product or service. (3) Product-sustaining costs (service-sustaining costs): the costs of activities undertaken to support individual products or services, regardless of...
Select the incorrect statement regarding the use of cost drivers in activity based costing systems. Multiple Choice O ABC uses volume-based and activity based cost drivers. 0 Volume based drivers are most appropriate for costs that are affected by the number of units produced 0 ABC's use of multiple cost drivers will produce less accurate unit costs when a company produces many different products that require different types and levels of overhead costs. 0 An arbitrary cost driver must be...
.
Required Question:
.
please do it
Implementation of Activity-based costing (ABC) The case of a Juice Company John Orland, controller of the Juice Company, has been concerned over the erosion of the recent financial results especially for the standard flavors (A and B) which used to earn a hefty 20 per cent of profit margin. Recently, Dan Brun, the sales manager has expanded the lines of products to encompass new flavors (C & C) which were in high demand...
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