qz4 - Question1 Correct , machinehours directlabor...

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Question 1  Correct.     In traditional costing systems, overhead is generally applied based on machine hours. direct labor. direct material dollars. units of production. Question 2  Correct.     Advances in computerized systems, technological innovation, global competition, and automation  have changed the manufacturing environment drastically by decreasing direct labor costs and decreasing overhead costs. increasing direct labor costs and increasing overhead costs. decreasing direct labor costs and increasing overhead costs. increasing direct labor costs and decreasing overhead costs. Question 3  Incorrect.     The last step in activity-based costing is to assign manufacturing overhead costs for each activity cost pool to products. compute the activity-based overhead rate per cost driver. identify and classify the major activities involved in the manufacture of specific products. identify the cost driver that has a strong correlation to the activity cost pool.
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