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Question 1: Manufacturing overhead costs are also known as:
Select one:
A.Selling expenses
B.Operating expenses
C.Indirect product costs
D.Direct costs
Question 2: Which of the following characteristic do activity Based Costing include?
A. A greater number of overhead cost application bases compared to conventional costing systems
B. The overhead cost application bases are likely to be more accurate cost drivers than would be the case in conventional costing systems
C. The simplicity of the system makes it easy to implement
D. A greater number of overhead cost application bases compared to conventional costing systems AND the overhead cost application bases are likely to be more accurate cost drivers than would be the case in conventional costing systems
Question 3: The process costing system works better for:
A.Different products being manufactured in industries
B.Identical products being manufactured on a continuous basis
C.Services industries
D.All of the above
What are your actual manufacturing overhead costs, and why aren't they traced to jobs, just as direct materials and direct labor are traced to jobs
Assuming you are the manager of the Motor Division, should the transfer of the motors to the Chainsaw Division at $198 be made?
If the company plans to pay off $20,000 in notes in the fourth quarter of 2018, planned cash disbursements in the fourth quarter will be what?
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