29 Jun Question 1.(TCO1)ABC systems create(Points : 5)
Question
1.(TCO1)ABC systems create(Points : 5)
one large cost pool .
homogenous activity-related cost pools.
activity-cost pools with a broad focus.
activity-cost pools containing many direct costs.
2.(TCO 1) Merriamn Company provides the following ABC costing information:
Activities
Total Costs
Activity-cost drivers
Account inquiry hours
$400,000
10,000 hours
Account billing lines
$280,000
4,000,000 lines
Account verification accounts
$150,000
40,000 accounts
Correspondence letters
$ 50,000
4,000 letters
Total costs
$880,000
The above activities are used by Department A and B as follows:
Department A
Department B
Account inquiry hours
2,000 hours
4,000 hours
Account billing lines
400,000 lines
200,000 lines
Account verification accounts
10,000 accounts
8,000 accounts
Correspondence letters
1,000 letters
1,600 letters
How much of the inquiry cost will be assigned to Department A?
(Points : 5)
$80,000
$400,000
$160,000
None of the above
3.(TCO 2)A master budget(Points : 5)
includes only financial aspects of a plan and excludes nonfinancial aspects.
includes broad expectations and visionary results.
is an aid to coordinating what needs to be done to implement a plan.
should not be altered after it has been agreed upon.
4.(TCO 2) White planned to use $82 of material per unit but actually used $80 of material per unit, and planned to make 1,200 units but actually made 1,000 units. The sales-volume variance is(Points : 5)
$2,000 favorable.
$14,000 unfavorable.
$16,400 unfavorable.
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