Under a costing system that assigns overhead on the basis of direct labor hours

Under a costing system that assigns overhead on the

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16.Under a costing system that assigns overhead on the basis of direct labor hours, the overhead cost allocated to one squash racquet would be:A. $8B. $12C. $10D. $2017.Under activity-based costing (ABC) where overhead is driven by material moves, the overhead cost allocated to one squash racquet would be:18.WestCo makes two products: X, produced in batches of 10 units, and Y, produced in batches of 100 units. Its ABC system has eight activity cost pools. One of those pools is Shipping, and the cost driver for Shipping is Production Batches. Which one of the following statements about the cost of X and Y is true?
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ACC 312 Fundamentals of Managerial AccountingMidterm Exam II, Fall 2011, Wednesday November 16th, 201119. The last step in activity-based costing is to20. All of the following are benefits of ABC except it leads toA.Less cost pools used to assign overhead.B.More accurate cost data.C.Enhanced control over overhead costs.D.Better management decisions.21. Courtney purchased and consumed 50,000 gallons of direct material that was used in the production of 11,000 finished units of product. Each finished unit had a budget of five gallons of direct material. If a review of Courtney’s accounting records at the end of the period disclosed a direct-material price variance of $5,000 U and a direct-material quantity (or efficiency) variance of $3,000 F, what was the actual price paid for a gallon of direct material?22. A master budget
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ACC 312 Fundamentals of Managerial AccountingMidterm Exam II, Fall 2011, Wednesday November 16th, 2011
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