Chapter 05 - Quiz

Chapter 05 - Quiz - Accounting 245 Cost Accounting Chapter...

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Accounting 245 – Cost Accounting Chapter 5 Quiz - 10 points Name: _______________________________________ True/False Questions 1. A plant-wide overhead rate (i.e., single overhead rate) usually will not correctly assign overhead costs in situations where a company has a range of products that differ in volume, lot size, or complexity of production. T / F 2. When a company implements activity-based costing, manufacturing overhead cost is often shifted from low volume products to high volume products, with a higher unit cost resulting for the high volume products. T / F 3. Under activity-based costing, overhead can be overapplied or underapplied. T / F Multiple Choice Questions 4. Angela 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: Estimated Overhead Expected Cost Activity Setups. .............. $21,753
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This note was uploaded on 11/24/2010 for the course ACCT 245 taught by Professor B during the Spring '10 term at Oakton.

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Chapter 05 - Quiz - Accounting 245 Cost Accounting Chapter...

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