Quiz Chap 7

Quiz Chap 7 - Quiz Chap 7 Student: _ 1. Rank the following...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Quiz Chap 7 Student: ___________________________________________________________________________ 1. Rank the following methods of assigning overhead costs from least accurate to most accurate. A. departmental rates, plantwide rate, activity-based costing B. plantwide rate, departmental rates, activity-based costing C. plantwide rate, activity-based costing, departmental rates D. activity-based costing, departmental rates, plantwide rate E. activity-based costing, plantwide rate, departmental rates 2. Testing a prototype of a new product is an example of a(n): A. Unit-level activity. B. Batch-level activity. C. Product-level activity. D. Organization-sustaining activity. 3. Daniele Corporation uses an activity-based costing system with the following three activity cost pools: The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: The distribution of resource consumption across activity cost pools is given below: The activity rate for the Fabrication activity cost pool is closest to: A. $3.72 per machine-hour B. $4.44 per machine-hour C. $7.44 per machine-hour D. $1.24 per machine-hour
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4. Graney Corporation uses an activity-based costing system with three activity cost pools. The company has
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 6

Quiz Chap 7 - Quiz Chap 7 Student: _ 1. Rank the following...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online