9_takehome_chapter 5 fall10

9_takehome_chapter 5 fall10 - Acc 200P Name: _ Lab Section...

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Acc 200P Name: _______________________ Lab Section #: _________________ Lab Instructor’s Name: __________ Date: ________________________ TAKE-HOME QUIZ Chapter 5 Multiple Choice: (10 pts each) 1. Which of the following is a key feature of activity-based costing? A. Overhead costs are assigned on the basis of volume. B. Overhead costs are assigned on the basis of sales. C. Overhead costs are assigned on the basis of direct labor hours. D. Overhead costs are assigned on the basis of activities. 2. Which of the following statements is false regarding the identification of activities in ABC? A. The identification of activities that drive overhead costs is done before cost drivers are selected. B. An activity can be thought of as a procedure or process that causes work to be accomplished. C. Each type of overhead cost should be traced to only one activity. D. An activity that drives overhead costs can occur outside the physical manufacturing facility. 3.
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This note was uploaded on 11/22/2010 for the course ACC 200 taught by Professor Buckless during the Spring '08 term at N.C. State.

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9_takehome_chapter 5 fall10 - Acc 200P Name: _ Lab Section...

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