ACCT526-850_010-201820
Question 1
Correct
Mark 3.00 out of 3.00
Overhead costs are assigned to production using an overhead application rate,
... [Show More] whereas no such application rate is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that:
Select one:
a. overhead is an indirect cost which cannot be traced easily and directly to specific units of product
b. independent of both the number and the type of products manufactured and also independent of the amount of overhead costs incurred
c. traceable directly to the products manufactured but independent of the amount of overhead costs incurred
d. independent of the type and number of units manufactured but a casual factor in the amount of overhead cost incurred
Your answer is correct.
The correct answer is: overhead is an indirect cost which cannot be traced easily and directly to specific units of product
Question 2
Correct
Mark 3.00 out of 3.00
Question 3
Correct
Mark 3.00 out of 3.00
An advantage of using regression analysis over the high-low and scattergraph methods is that
Select one:
a. neither: regression analysis is less costly to implement than high-low or scattergraph methods or is a more precise approach than the high-low or scattergraph methods
b. regression analysis is less costly to implement than high-low or scattergraph methods
c. regression analysis is a more precise approach than the high-low or scattergraph methods
d. both: regression analysis is less costly to implement than high-low or scattergraph methods and is a more precise approach than the high-low or scattergraph methods
Your answer is correct.
The correct answer is: regression analysis is a more precise approach than the high-low or scattergraph methods
An example of a discretionary fixed cost is:
Select one:
a. depreciation of buildings and equipment
b. insurance
c. management training
d. taxes on real estate
Your answer is correct.
The correct answer is: management training [Show Less]