Question 9 of 20 50 50 points which term listed below

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Question 9 of 205.0/ 5.0 PointsWhich term listed below describes costs incurred when the company fails to detect poor quality goods orservices before delivery to the customer?A. Internal failure costsB. Value-added activityC. External failure costsD. Just-in-time production
Question 10 of 205.0/ 5.0 PointsA system that focuses on activities as the fundamental cost object and uses the costs for these activities tocompile indirect costs of goods and services is:
D. prevention costs.Question 11 of 205.0/ 5.0 PointsHere are selected data for Sunny Sky Corporation.Beginning raw materials inventory$37,000 Beginning work-in-process inventory$62,200Beginning finished goods inventory58,300 Cost of materials purchased151,000Cost of direct materials requisitioned91,300 Direct labor incurred135,000Actual manufacturing overhead160,000 Cost of goods manufactured287,000Cost of goods sold265,000 Manufacturing overhead rate (% of direct labor)125%What is the ending work-in-process inventory balance?
Question 12 of 200.0/ 5.0 PointsWhich of the following is a lean strategy?
Question 13 of 205.0/ 5.0 PointsThe first step in developing an ABC system is:A. calculate an activity cost allocation rate for each activity.B. allocate the costs to the cost object using the activity cost allocation rates.C. select an allocation base for each activity.
D. identify the primary activities and estimate a total cost pool for each.

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Term
Fall
Professor
N/A
Tags
Accounting, Business, Ashworth, Accountingformanagers, cost allocation rate

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