Cost Accounting Exam 2 2023 with correct answers

the most clear and unbiased basis for cost allocation exists when which one of the following can be determined? correct answerscost and effect relationship Cost allocation is an important strategic issue for U.S. manufacturing firms with foreign subsidiaries because of: correct answersthe tax implications Cost allocation provides a service firm a basis for evaluating the: correct answerscost and profitability of its services Which one of the following methods uses units of output to allocate joint costs to joint products? correct answersPhysical measures method The direct method of departmental cost allocation is the simplest of methods because it ignores: correct answersreciprocal flows The mathematical technique that underlies the reciprocal cost allocation method is: correct answerssimultaneous equations The concepts of cost allocation that are used in manufacturing can also apply in: correct answersservice and not-for-profit industries Which one of the following methods of cost allocation is completed by taking the service flows to production departments only and determining each production department's share of that service? correct answersdirect method Which one of the following methods of allocating joint costs uses a measure of weight, size or number of units to allocate joint costs to joint products? correct answersphysical measure method