chapt9 attemps - 1.

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1.   The product cost concept includes all manufacturing costs plus selling and administrative expenses in the cost  amount to which the markup is added to determine product price.    Student Response Value Correct Answer Feedback 1.  False      2. True      Score: 0/1    2.   Miramar Industries manufactures two products, A and B.  The manufacturing operating involves three overhead  activities - production setup, material handling, and general factory activities.  Miramar uses activity-based  costing to allocate overhead to products.  An activity analysis of the overhead revealed the following estimated  costs and activity bases for these activities: Activity Production Setup Material Handling General Overhead Each product’s total activity in each of the three areas are as follows:   Product A Product B Number of setups  100 300 Number of parts  40,000 20,000 Number of direct labor hours 8,000 12,000 What is the activity rate for Material Handling? 
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  Score: 0/1    3.   The amount of income that would result from an alternative use of cash is called opportunity cost.    Score: 0/1    4.   When a bottleneck occurs between two products, the company must determine the contribution margin for each  product and manufacture the product that has the highest contribution margin per bottleneck hour.    Score:
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0/1    5.   Differential revenue is the amount of income that would result from the best available alternative proposed use  of cash.    Score: 0/1    6.  
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This note was uploaded on 11/12/2010 for the course BUS buisness l taught by Professor Jeck during the Fall '10 term at Riverside Community College.

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chapt9 attemps - 1.

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