ACCT 434 Week 1 Quiz (Set 1) Devry

ACCT 434 Week 1 Quiz 1

1- (TCO 1) The average cost data are for In-Sync Fixtures Company’s (a retailer) only two product lines, Marblette and Italian Marble.

2- (TCO 1) The allocation of indirect costs in an activity-based costing system

3- (TCO 1) Evaluating customer reaction of the trade-off of giving up some features of a product for a lower price would best fit which category of management decisions under activity-based management?

4- (TCO 1) A company produces three products; if one product is overcosted then

5- (TCO 1) To set realistic selling prices

6- (TCO 1) Different products consume different proportions of manufacturing overhead costs because of differences in all of the following EXCEPT

7- (TCO 1) A well-designed, activity-based cost system helps managers make better decisions because information derived from an ABC analysis

8- (TCO 1) Companies use ABC system information to

9- (TCO 1) For service organizations that bill customers at a predetermined average rate, activity-based cost systems can help to

10- (TCO 1) Danielle Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles to be inserted is 60,000. What is the budgeted indirect cost allocation rate for this activity?