ACCT 434 Week 1 Quiz Activity Based Costing
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DEVRY <strong>ACCT</strong> <strong>434</strong> <strong>Week</strong> 1 <strong>Quiz</strong> <strong>Activity</strong><br />
<strong>Based</strong> <strong>Costing</strong><br />
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-<strong>434</strong>-devry/acct-<strong>434</strong>-week-1-quizactivity-based-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<br />
allocated using purchased cost of goods as a basis. In-Sync Fixtures is considering<br />
refining the allocation of its receiving costs of $40,000. It realizes that the Italian<br />
Marble is heavier and requires more care than the Marblette but that the Marblette<br />
comes in larger volume.<br />
Which statement can be made using the results of the activity analysis performed by<br />
In-Sync Fixtures?<br />
2. Question : (TCO 1) The allocation of indirect costs in an activity-based costing<br />
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<br />
overcosted then
5. Question : (TCO 1) To set realistic selling prices<br />
6. Question : (TCO 1) Different products consume different proportions of<br />
manufacturing 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<br />
make 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<br />
predetermined average rate, activity-based cost systems can help to<br />
10. Question : (TCO 1) Danielle Company produces a special spray nozzle. The<br />
budgeted indirect total cost of inserting the spray nozzle is $180,000. The budgeted<br />
number of nozzles to be inserted is 60,000. What is the budgeted indirect cost<br />
allocation rate for this activity?<br />
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