Chapter_6_Quiz

Chapter_6_Quiz - A set of 10 M/C questions pertaining to...

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A set of 10 M/C questions pertaining to Chapter 6 topics. Maximum time allowed: 60 min. This assessment is worth 20 points. Note: Correct answers appear in Blue . Incorrect answers and skipped questions appear in Red after 'Your response'. 1. Beal Company uses direct labor cost as a basis for computing its predetermined overhead rate. In computing the predetermined overhead rate for 2008, the company misclassified a portion of direct labor cost as indirect labor. The effect of this misclassification will be to (2 points) Your response: a. understate the predetermined overhead rate. 0 points awarded. The correct answer is: a. understate the predetermined overhead rate. b. overstate the predetermined overhead rate. c. there will be no effect on the predetermined overhead rate. d. Can't tell from the information provided. 2. Cost pools are: (2 points) Your response: a. costs that are accumulated before being allocated to cost objects on some common basis. (You answered correctly!) 2 points awarded. The correct answer is: a. costs that are accumulated before being allocated to cost objects on some common basis. b. costs that are relevant to decision-making but irrelevant to
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This note was uploaded on 10/29/2009 for the course ACC 066 taught by Professor Kwak during the Spring '08 term at DeAnza College.

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Chapter_6_Quiz - A set of 10 M/C questions pertaining to...

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