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Quiz — Version D Last Name TASMAN 1) Which of the following is an advantage of the single-rate method? on is less costly to implement. It classifies costs as fixed and able costs. C) It gives signals regarding how vatiable and fixed costs behave differently. D) Managers plan due to fixed cost allocation as per budgeted usage. 2) Which of the following departments is a support department for a boat manufacturing company? A) production B) molding ) assembling (Q)accounting 3) What type of cost is the result of an event that results in more than one product or service simultaneously? A) byproduct cost joint cost €) main cost D) separable cost 4) Which of the following statements best define splitoff point in joint costing? A) It is the point at which managers decide to discontinue one or more of the products. B) Itis the point at which the managers decide to outsource some of its sroduction processes. It is the juncture in a joint production process when two or more products become separately identifiable. D) Itis the juncture at which decisions determining joint costs of various products to be produced are taken. 5) The focus of joint costing is on allocating costs to individual products: A) before the splitoff point ®) after the splitoff point ©) at the splitoff point D) at the end of production First Name, AD RIAN 6) The step-down method A)partially recognizes the services provided among support departments B) does not recognize the total services that support departments provide to each other C) is conceptually the most precise method D) results in allocating only the support costs used by operating departments 7) Which of the following is an operating department? ‘A) machining B) accounting C) materials management D) production contro! 8) The choice allocations methods can be controversial: ‘A) managers can disagree about what is best for the firm B) managers can have self-serving motives C) the method can be perceived as, fair Oy of the above 9) One weakness of allocations is: A) they can cause too much focus on costs BY they can be expensive to implement Opa costs are ambiguous and therefore inherent some inaccuracy D) not all overhead costs are equal 10) One strength of allocations is A) they can assign all relevant costs to a cost object B) they are cheap to implement ©Opthey ignore irrelevant costs D) not all overhead costs are equal Peasixe OLA sored ne bas

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