Ch 3 Exam A-B-C (1)

Ch 3 Exam A-B-C (1) - Ch 3 Exam A-B-C Student: _ _ 1. Parts...

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Ch 3 Exam A-B-C Student: _______________________________________________________________________ ____ 1. Parts administration is an example of a: A. Unit-level activity. B. Batch-level activity. C. Product-level activity. D. Facility-level activity. 2. In activity-based costing, unit product costs computed for external financial reports include only: A. direct materials and manufacturing overhead. B. direct labor and manufacturing overhead. C. direct materials, direct labor, and manufacturing overhead. D. direct materials and direct labor. 3. Overhead allocation based on volume alone: A. is a key aspect of the activity-based costing model. B. will systematically overcost high-volume products and undercost low-volume products. C. will systematically overcost low-volume products and undercost high-volume products. D. must be used for external financial reporting. 4. Paul Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows: The activity rate under the activity-based costing system for Activity 3 is closest to: A) $70.45 B) $28.87 C) $19.47 D) $58.40 5. Westin Company uses activity-based costing to compute product costs for external reports. The company has three activity cost pools and applies overhead using predetermined overhead rates for each activity cost pool. Estimated costs and activities for the current year are presented below for the three activity cost pools:
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The amount of overhead applied for Activity 2 during the year was closest to: A. $16,905.75 B. $12,205.50 C. $12,360.00 D. $12,460.00 6. Pauls Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Data concerning two products appear below: How much overhead cost would be assigned to Product X60R using the activity-based costing system? A. $5,523.58 B. $87,070.14 C. $115.02 D. $7,212.38 Breda Corporation uses activity-based costing to determine product costs for external financial reports. Activity rates computed at the beginning of the year are used to apply manufacturing overhead costs to products. The company has provided the following data concerning its activity-based costing system. The data used to develop activity rates were:
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This note was uploaded on 11/14/2010 for the course ACCT 2300 taught by Professor Sadeckas during the Spring '10 term at Kennesaw.

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Ch 3 Exam A-B-C (1) - Ch 3 Exam A-B-C Student: _ _ 1. Parts...

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