1.? Which of the followingactivities would be classified as a batch-level activity? Designing products Consuming factory supplies...
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Question:
1.?
Which of the followingactivities would be classified as a batch-level activity? |
Designing products
Consuming factory supplies
Handling material
Testing new products
2.
Which of the followingactivities would be classified as a product-level activity? |
Handling material
General factory administration
Administering parts inventories
Consuming factory supplies
3.
Which of the following measureswould most likely be used to assess the activity of processingunits by hand? |
Units produced
Hours of design time
Machine-hours
Direct labor-hours
Which of the followingstatements is FALSE? |
Product costs for high-volume products are commonly higher underconventional costing methods.
Product costs for low-volume products are commonly higher underactivity-based costing.
Under conventional costing methods, overhead costs are appliedto products using some measure of volume such as directlabor-hours.
Activity-based costing uses activity rates to allocate materialsand labor.
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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