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Question
An activity-based cost allocation system:A.Is one form of a direct or variable costing system.
B.Does not provide total unit cost data.
C.Traces costs to products on the basis of activities performed on them.
D.Does not provide for the allocation of any cost to products that cannot be directly attributable to those products.
E.Does not involve the level of detail and the number of allocations that companies make with traditional allocation methods.
Answer
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Related questions
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The predetermined overhead allocation rate is used to apply overhead cost to products.
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Typical cash flows from investing activities include:
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B.Proceeds from the sale (discounting) of notes receivable made by the company.
C.Proceeds from collecting the principal amount of notes receivable.
D.Payments to acquire held-to maturity securities of other entities, except cash equivalents.
E.All of these.
Q:
A cash equivalent is an investment that:
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B.Is sufficiently close to its maturity date so its market value is unaffected by interest rate changes.
C.Generally is within 3 months of its maturity date.
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What was the materials cost per equivalent unit produced during June? What was the labor and overhead cost per equivalent unit produced during June?
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How many equivalent units of materials were added to all units processed during June? How many equivalent units of labor and overhead were added to all units processed during June?
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How many equivalent units of materials were added to the ending inventory to get those units to their state of partial completion? How many equivalent units of labor and overhead were added to the ending inventory to get those units to their state of partial completion?
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A.Compact disks.
B.Slacks for casual wear.
C.Baseball hats.
D.Calculators.
E.Oil paintings.
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The FIFO method does not use the costs of beginning inventory in computing cost per equivalent unit for the current period.
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B.Overhead variance rate.
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D.Chargeable overhead rate.
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Q:
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B.direct costs - desired profit
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There are at least three different methods to estimate costs. These methods are the _______________, _______________, and _______________ methods.
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The master budget includes:
A.Operating budgets.
B.A capital expenditures budget.
C.A budgeted income statement.
D.A cash budget.
E.All of these.
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Q:
A CVP graph presents data on:
A.Profit and loss on a unit basis.
B.Profit, loss, and break-even on a total basis.
C.Profit, loss, and break-even on a unit basis.
D.Only profit and loss on a total basis.
E.Profit and loss on a budget and actual basis.
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C.$17,100.
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The following information is available for Talking Toys, Inc., for the current year: The total cost of goods manufactured for the year was:
A.$13,000.
B.$44,500.
C.$57,500.
D.$94,500.
E.$52,000
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Ajax Company accumulated the following account information for the year: Using the above information, total factory overhead costs would be:
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Period costs for a manufacturing company would flow directly to:
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C.The current balance sheet.
D.Job cost sheet.
E.The current manufacturing statement.