ACCT 211 Exam 2 USD questions with 100% correct answers

ACCT 211 Exam 2 USD questions with 100% 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. 550-110= 440 - correct answer Caribbean Inc. uses target pricing. The target sales price of its product is $550 per unit. The company desires a 20% net profit margin. Calculate the target full-product cost per unit. it is also known as backflush costing. - correct answer which of the following statements is true of just-in-time costing? external failure cost - correct answer Duron Manufacturing supplied goods to Averon Inc. The goods were found to be poor in quality and were sent back to Duron for repair. The repair costs incurred by Duron is a(n) ___________