Which of the following is not an example of an activity cost pool machining setting up machines machine hours inspecting?

Which of the following is not an example of an activity cost pool machining setting up machines machine hours inspecting?

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MULTIPLE CHOICE QUESTIONS

1.Consider the following statements regarding traditional costing systems:

I.Overhead costs are applied to products on the basis of volume-related measures.

II.All manufacturing costs are easily traceable to the goods produced.

III.Traditional costing systems tend to distort unit manufacturing costs when numerous goods are

made that have widely varying production requirements.

Which of the above statements is (are) true?

A.I only.

B.II only.

C.III only.

D.I and III.

E.II and III.

Answer: D LO: 1 Type: N

2.Many traditional costing systems:

A.trace manufacturing overhead to individual activities and require the development of

numerous activity-costing rates.

B.write off manufacturing overhead as an expense of the current period.

C.combine widely varying elements of overhead into a single cost pool.

D.use a host of different cost drivers (e.g., number of production setups, inspection hours,

orders processed) to improve the accuracy of product costing.

E.produce results far superior to those achieved with activity-based costing.

Answer: C LO: 1 Type: N

3.The following tasks are associated with an activity-based costing system:

1—Calculation of cost application rates

2—Identification of cost drivers

3—Assignment of cost to products

4—Identification of cost pools

Which of the following choices correctly expresses the proper order of the preceding tasks?

A.1, 2, 3, 4.

B.2, 4, 1, 3.

C.3, 4, 2, 1.

D.4, 2, 1, 3.

E.4, 2, 3, 1.

Answer: D LO: 2, 4 Type: RC

Chapter 5109

The Activity Rate Is Computed By Dividing The Login Guide

How to the activity rate is computed by dividing the login?

To the activity rate is computed by dividing the login, simply enter your email address and password in the appropriate fields on the login page and click the “Login” button. If you don’t have a the activity rate is computed by dividing the login account, you can create one by clicking the “Create New Account” button on the login page.

What should I do if I forgot my the activity rate is computed by dividing the login password?

If you’ve forgotten your the activity rate is computed by dividing the login password, simply click the “Forgot Your Password?” link on the login page and follow the instructions. You’ll need to enter either the email address or phone number associated with your account, as well as a few other pieces of information, and then you’ll be able to reset your password.

What should I do if I forgot my the activity rate is computed by dividing the login email?

If you’ve forgotten the email address associated with your the activity rate is computed by dividing the login account, you can try entering any email address or phone number that you think might be associated with your account into the “Forgot Your Password?” form on the login page. Website will then send you an email or text message (depending on what information you entered) with instructions on how to reset your password.

How do I change my the activity rate is computed by dividing the login password?

To change your the activity rate is computed by dividing the login password, simply click the “Settings” link in the top-right corner of any Facebook page and then click “Security” in the left-hand column. From there, just click the “Edit” button next to “Change Password” and follow the instructions.

How do I change my the activity rate is computed by dividing the login password if I don't know my current one?

If you can't remember your current the activity rate is computed by dividing the login password, you can request a new password by clicking the 'Forgot Your Password?' link on the login page. Facebook will then send you an email or text message (depending on what information you entered) with instructions on how to reset your password.

How to contact a customer service of the activity rate is computed by dividing the login?

The best way to contact the activity rate is computed by dividing the login customer service is by using the 'Help Center' feature on the website. To access this feature, click the k in the top-right corner of any the activity rate is computed by dividing the login page and then select 'Help Center' from the drop-down menu. From there, you can search for a specific issue or browse through popular topics. If you can't find what you're looking for, you can also click the 'Contact Us' link at the bottom of the Help Center page to submit a request directly to the activity rate is computed by dividing the login's customer service team.

What is an example of an activity cost pool?

For example, machine set-up might be one activity associated with producing a particular product, and the set-up cost would be one cost included in an activity cost pool. Purchasing materials might be another cost assigned to the pool. Those two costs and any others would comprise the activity cost pool.

Which of the following is not a cost pool used in ABC method?

Option b: Production is not a cost pool used in activity-based costing (ABC Costing).

How do you calculate the activity rate of an activity cost pool?

Calculate the cost driver rate by dividing the total overhead in each cost pool by the total cost drivers. Divide the total overhead of each cost pool by the total cost drivers to get the cost driver rate. Multiply the cost driver rate by the number of cost drivers.

What do you mean by cost drivers and cost pools in Activity

Your cost drivers are all the activities that you do that cost you money to make your product. Your cost pools are your cost drivers divided into groups of related costs.