ACCOUNTING 211 Liberty University -ACCT 211 Exam 2 USD with correct answers

product testing cost - correct answer which of the following is an example of appraisal costs for quality management? false - correct answer businesses should invest up front in internal and external failure costs to reduce prevention and appraisal costs (T/F) it triggers production after the costumer places an order - correct answer which of the following statements is true of just-in-time management systems? indirect manufacturing costs - correct answer the activity-based costing system improves the allocation ________ activity-based costing - correct answer the use of which of the following costing systems is most likely to reduce cost distortion to a minimum? at the beginning of the accounting period - correct answer the predetermined overhead allocation rate is calculated ______ 250,250/ 3,500 = 71.50 - correct answer Barricade Inc. allocates MOH using a single plantwide rate with labor hours as the allocation base. Estimated overhead for the year are $250,250 for estimated labor hours of 3,500. The actual labor hours were 2,750. Calculate the predetermined overhead rate. identify activities and estimate their total costs - correct answer which of the following is the first step in developing an activity-based costing system? manufacturing overhead - correct answer the activity-based costing system is used to allocate ________ to products.