ACCT 434 Week 1 Quiz Activity Based Costing
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<strong>ACCT</strong> <strong>434</strong> <strong>Week</strong> 1 <strong>Quiz</strong> <strong>Activity</strong> <strong>Based</strong><br />
<strong>Costing</strong><br />
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<strong>434</strong>-devry/acct-<strong>434</strong>-week-1-quiz-activitybased-costing<br />
1. Question : (TCO 1) The average cost data are for In-Sync Fixtures Company's (a<br />
retailer) only two product lines, Marblette and Italian Marble.<br />
Marblette Italian Marble<br />
Purchase volume 20,000 1,000<br />
Purchase cost per unit $50 $250<br />
Shipments received 12 12<br />
Hours used per shipment * 5 3<br />
* These data were accumulated after a careful activity analysis.<br />
Currently, In-Sync Fixtures uses a traditional costing system with indirect costs allocated<br />
using purchased cost of goods as a basis. In-Sync Fixtures is considering refining the<br />
allocation of its receiving costs of $40,000. It realizes that the Italian Marble is heavier and<br />
requires more care than the Marblette but that the Marblette comes in larger volume.<br />
Which statement can be made using the results of the activity analysis performed by In-<br />
Sync Fixtures?<br />
2. Question : (TCO 1) The allocation of indirect costs in an activity-based costing system<br />
3. Question : (TCO 1) Evaluating customer reaction of the trade-off of giving up some<br />
features of a product for a lower price would best fit which category of management<br />
decisions under activity-based management?<br />
4. Question : (TCO 1) A company produces three products; if one product is overcosted<br />
then<br />
5. Question : (TCO 1) To set realistic selling prices
6. Question : (TCO 1) Different products consume different proportions of manufacturing<br />
overhead costs because of differences in all of the following EXCEPT<br />
7. Question : (TCO 1) A well-designed, activity-based cost system helps managers make<br />
better decisions because information derived from an ABC analysis<br />
8. Question : (TCO 1) Companies use ABC system information to<br />
9. Question : (TCO 1) For service organizations that bill customers at a predetermined<br />
average rate, activity-based cost systems can help to<br />
10. Question : (TCO 1) Danielle Company produces a special spray nozzle. The budgeted<br />
indirect total cost of inserting the spray nozzle is $180,000. The budgeted number of nozzles<br />
to be inserted is 60,000. What is the budgeted indirect cost allocation rate for this activity?<br />
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