Submitted by: Submitted by vickiebaird
Views: 12
Words: 766
Pages: 4
Category: Other Topics
Date Submitted: 03/30/2015 05:04 AM
-------------------------------------------------
ACC 350 WK 11 Final Exam
Purchase this tutorial here:
http://xondow.com/ACC-350-WK-11-Final-Exam-ACC35010.htm
1)
A top-selling product might actually result in losses for the company.
Answer:
2)
Companies that undercost products will most likely lose market share.
Answer:
3)
If companies increase market share in a given product line because their reported costs are less than their actual costs, they will become more profitable in the long run.
Answer:
4)
As product diversity and indirect costs increase, it is usually best to switch away from an activity based cost system to a broad averaging system.
Answer:
5)
If a company undercosts one of its products, then it will overcost at least one of its other products.
Answer:
6)
Direct costs plus indirect costs equal total costs.
Answer:
7)
When refining a costing system, a company should classify as many costs as possible as indirect costs.
Answer:
8)
In a homogeneous cost pool, all costs have a similar cause-and-effect relationship with the cost-allocation base.
Answer:
9)
Indirect labor and distribution costs would most likely be in the same activity-cost pool.
Answer:
10)
Activity-based costing helps identify various activities that explain why costs are incurred.
Answer:
11)
Direct tracing of costs improves cost accuracy.
Answer:
12)
A cost-allocation base is a necessary element when using a strategy that will refine a costing system.
Answer:
13)
An activity-based costing system is necessary for costing services that are similar.
Answer:
14)
Traditional systems are likely to undercost complex products with lower production volume.
Answer:
15)
For activity-based cost systems, activity costs are assigned to products in the proportion of the demand they place on activity resources.
Answer:
16)
Unit-level measures can distort...