20 multiple choice questions - Question 1 of 20 5.0 Points...

This preview shows page 1 - 3 out of 8 pages.

Question 1 of 205.0 PointsA system that focuses on activities as the fundamental cost object and uses the costsfor these activities to compile indirect costs of goods and services is:A. appraisal costs.B. value engineering.C. activity-based costing.D. prevention costs.
Question 2 of 205.0 PointsWhich of the following is a lean strategy?
Question 3 of 205.0 PointsThe first step in developing an ABC system is:
Question 4 of 205.0 PointsWhich term listed below describes costs incurred when the company fails to detectpoor quality goods or services before delivery to the customer?
Question 5 of 205.0 PointsThe entry to record the purchase of raw materials on account using a job costingsystem would include a:A. credit to work-in-process inventory.B. debit to accounts payable.C. debit to work-in-process inventory.D. debit to raw materials inventory.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 8 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
PENNY
Tags
cost allocation rate

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture