Quiz #4 Answers

Quiz #4 Answers - Question1of15 In performing activity...

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Question 1 of 15
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In performing activity analysis during the design of an activity-based costing system (ABC), the management accountant studies: A. The cost drivers and managers in the plant. B. The advice of operation-level mangers. C. The resources, activities and cost drivers in the operation. D. The cost allocation methods applicable to the firm. E. The implementation problems for an ABC system. Answer Key: C Question 2 of 15 Effective implementation of activity-based costing (ABC) requires:
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A. Normally the assistance of a consultant. B. A sophisticated and expensive computer system. C. Support of top management and key employees. D. Capturing properly the complexity of the data. E. ABC has no significant implementation issues. Answer Key: C Question 3 of 15 Elimination of low-value-added activities in a firm should: A. Be discouraged because of potential harmful effects.
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B. Not affect customer value. C. Not have priority because low-value-added activities have little effect on a firm's performance. D. Have priority only when a firm is operating at a loss. E. Happen naturally if the firm is well-managed.
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Quiz #4 Answers - Question1of15 In performing activity...

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