Q1-True or False - Answer only 15 questions: (15 marks): 1-Both sales-quantity variance and sales volume variance divided into sales mix variance and market share variance. 2- ABC is appropriate for a company that manufactures a single product. 3- Under ABC, indirect costs are predominantly that assigned on basis of direct machine hours. 4-Setup cost is an example of a product-level cost.. 5-In ABC, allocation rates vary with the number of activities. 6-JIT production is a production system that manufactures each component in a production line as soon as, and only when, needed by the next step in the production line. 7-Direct materials are normally considered as product-level activity. 8-Batch level activity occur once for each unit produced. 9- In a JIT system, suppliers are selected primarily on basis of their ability to provide materials at the lowest possible price. 10 - Backflush costing omits the recording of journal entries until goods finished units appear. 11- Quality of design measures how closely the characteristics of products meet the needs of customers. 12- The journal entries occurs in the same order as actual purchases and progress in production considered as the backflush costing. 13- A total quality system should place an emphasis on inspection. 14-Selling Price = (Actual selling - Budgeted selling) x actual market size 15-A trigger point is a process in the cycle, from purchase of direct materials to sale of finished goods. 16- Budgeted average CM per unit = Budgeted CM per units x Budgeted sales mix. 17- Testing labor is not an element in a prevention costs category. 18- Activity-based costing is not appropriate for a company that has low indirect costs.

Q 1-True or False - Answer only 15 questions: (15 marks): 1 -Both sales-quantity variance and sales volume variance divided into sales mix variance and market share variance, 2. ABC is appropriate for a company that manufactures a single product. 3- Under ABC, indirect costs are predominantly that assigned on basis of direct machine hours. 4 - Setup cost is an example of a product-level cost. 5- In ABC, allocation rates vary with the number of activities. 6 - JIT production is a production system that manufactures each component in a production line as soon as, and only when, needed by the next step in the production line. 7. Direct materials are normally considered as product-level activity. 8-Batch level activity occur once for each unit produced. 9 - In a JT system, suppliers are selected primarily on basis of their ability to provide materials at the lowest possible price. 10 - Backfiush costing omits the recording of journal entries until goods finished units appear. 11 - Quality of design measures how dosely the characteristics of products meet the needs of customers. 12. The journal entries occurs in the same order as actual purchases and progress in production considered as the backfiush costing. 13- A total quality system should place an emphasis on inspection. 14 - Selling Price = (Actual selling - Budgeted seliing) actual market size 15-A trigger point is a process in the cycle, from purchase of direct materials to sale of finished goods. 16 - Budgeted average CM per unit = Budgeted CM per units Budgeted sales mix. 17. Testing labor is not an element in a prevention costs category. 18 - Activity-based costing is not appropriate for a company that has low indirect costs