Advanced Cost Management
These are the automatically
computed results of your exam.
Grades for essay questions, and
comments from your instructor, are Points Received:
in the "Details" section below.
1. (TCO 11) The four cost categories in a cost of quality program are (Points : 5)
product design, process design, internal success, and external success.
prevention, appraisal, internal failure, and external failure.
design, conformance, control, and pro
Question 1.1. (TCO 3) McDevitt Company employs six individuals. Each is paid $12.50 per hour. How
would total costs of personnel be classified? (Points : 5)
Fixed cost within relevant range
Variable cost within relevant range
(TCO 1) The average cost data are for In-Sync Fixtures Company's (a retailer) only two product lines,
Marblette and Italian Marble. (Points : 5)
The use of this refined activity-based costing system will increase the accuracy of the resulting
1. (TCO 9) To guide cost allocation decisions, the fairness or equity criterion is (Points : 5)
the criterion often cited in government contracts.
superior when the purpose of cost allocation is for economic decisions.
used more frequently than the other
1. (TCO 2) Benchmarking is (Points : 5)
relatively easy to do with the amount of available financial information about companies.
best done with the best in their field regardless of type of company.
simply reporting the magnitude of differences in costs