Budgeting is the common accounting tool companies use for planning and controlling. Budgets
A) provide a measure of planned financial results.
B) are prepared independent of the companys long term strategies.
C) do not usually reflect actual re
CHAPTER 4 QUIZ
1. A cost-allocation base may be any of the following except a
c.way to link indirect costs to a cost object.
2.A company that manufactures dentures for use by local dentists would use
The four cost categories in a cost of quality program are
A) product design, process design, internal success, and external success.
B) prevention, appraisal, internal failure, and external failure.
C) design, conformance, control, and process.
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UTA acct 4304
CHAPTER 2 QUIZ
1. Tanner Co. management desires cost information regarding their Rawhide brand.
The Rawhide brand is a(n)
A .cost object.
b. cost driver.
c. cost assignment.
d. actual cost.
2. The cost of replacement light bulbs on campus wo
CHAPTER 8 QUIZ
1. Which of the following pertains primarily to the planning of fixed overhead costs?
a. A standard rate per output unit is developed.
b. Only essential activities are to be undertaken.
c. Activities are to be undertaken in the most efficie
CHAPTER 3 QUIZ
1. Which of the following is not a factor in cost-volume-profit analysis?
a. Units sold
b. Selling price
c. Total variable costs
d. Fixed costs of a product
2. Which of the following is not an assumption of cost-volume-profit analysis?
1.[CMA Adapted] Flexible budgets
A) accommodate changes in the inflation rate.
B) accommodate changes in activity levels.
C) are used to evaluate capacity utilization.
D) are static budgets that have been revised for changes in price(s).
Table for Individ
A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the
independent variable has the value 200, what is the value of the slope coefficient?
Table for Individual Question
The main difference between variable costing and absorption costing is
A) the treatment of nonmanufacturing costs.
B) the accounting for variable manufacturing costs.
C) the accounting for fixed manufacturing costs.
D) their value for decision