CHAPTER _3 Quiz Fall 2009 - answers

CHAPTER _3 Quiz Fall 2009 - answers - ACC 208 Managerial...

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ACC 208: Managerial Accounting for Decision Making Chapter #3 Quiz Name: ________________________________ Table: Classifying Activity Cost Pools # Activity Cost Pool Unit-Level Activity Batch- Level Activity Product- Level Activity Facility- Level Activity 1 Machine parts inventory X 2 Issue purchase orders X 3 Process products on machines X 4 Run personnel department X True or False : Enter a T or a F in the blank to indicate whether the statement is true or false ____T____ 5. The key concept underlying activity-based costing is that products cause activities that consume resources and consumption of resources results in costs. ____F____ 6. When activity-based costing is used, a company will have only one predetermined overhead rate. Multiple Choice: ____d____ 7. A company has two activity cost pools – machine setups and production orders. The total cost in machine setup activity cost pool is $280,000 and the total cost in the production orders cost pool is $80,000. The estimated activity is 20,000 setups and
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CHAPTER _3 Quiz Fall 2009 - answers - ACC 208 Managerial...

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