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ACC 560 ACC/560 ACC560 Week 4 Quiz

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ACC 560 Week 4 Quiz • Question 1 2 out of 2 points An activity that has a direct cause-effect relationship with the resources consumed is a(n) • Question 2 2 out of 2 points Which best describes the flow of overhead costs in an activity-based costing system? • Question 3 2 out of 2 points The presence of any of the following factors would suggest a switch to ABC except when • Question 4 2 out of 2 points Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $3,000,000; and assembling, $1,500,000. Information on the two products is: Regular Supreme Direct labor hours 10,000 15,000 Machine hours 10,000 30,000 Number of parts 90,000 160,000 Overhead applied to Regular using activity-based costing is • Question 5 0 out of 2 points As compared to a high-volume product, a low-volume product • Question 6 2 out of 2 points To assign overhead costs to each product, the company • Question 7 2 out of 2 points Activity-based costing • Question 8 2 out of 2 points Which of the following is not a benefit of activity-based costing? • Question 9 2 out of 2 points Direct labor is sometimes the appropriate basis for assigning overhead cost to products. It is appropriate to use direct labor when which of the following is true? (1) Direct labor constitutes a significant part of total product cost. (2) A high correlation exists between direct labor and changes in the amount of overhead costs. • Question 10 2 out of 2 points A company incurs $3,600,000 of overhead each year in three departments: Processing, Packaging, and Testing. The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge. The following data are available: Department Expected Use of Driver Cost Processing 800 $1,500,000 Packaging 200,000 1,500,000 Testing 2,000 600,000 Production information for the two products is as follows: Oil Sludge Department Expected Use of Driver Expected Use of Driver Processing 300 500 Packaging 120,000 80,000 Testing 1,600 400 The amount of overhead assigned to Oil using ABC is

ACC 560 ACC/560 ACC560 Week 4 Quiz

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