MANAGERIAL ACCOUNTING QUIZZES WITH
RIGHT ACTUAL ANSWERS
Why,could,overhead,costs,be,different,for,product?,,ANSW,-
Size/number,batches,could,be,very,different,,one,is,much,more,complex,to,make,,one,may,be,newer,,n
eed,more,quality,control.
External,Failure,costs,,ANSW,-includes,product,recalls,,warranty,costs,,and,legal,fees.
Value,Engineering,,ANSW,-
Involves,analyzing,the,functionality,of,a,product,to,determine,which,functions,add,value,to,the,custom
er,and,then,finding,ways,to,deliver,those,functions,while,meeting,target,cost.
Non-value,added,,ANSW,-Activities,such,as,expending,an,order,or,scheduling,a,production,run.
Activity,based,management,,ANSW,-when,managers,use,activity-
based,costing,data,to,improve,operations,or,reduce,cost
Cost,driver,,ANSW,-In,a,volume,based,cost,system,,varies,in,direct,relation,to,volume
Product,level,,ANSW,-include,research,and,development,and,product,testing.
non-volume-based,,ANSW,-
measures,include,the,number,or,quality,inspections,and,the,number,of,design,changes.
First,,ANSW,-
This,stage,of,ABC,is,assigning,indirect,costs,to,activity,cost,pools,with,the,goal,to,create,as,few,pools,as,
possible.
Activity,proportion,,ANSW,-
Dividing,the,activity,demands,of,each,individual,product,by,the,total,quantity,of,the,cost,driver.
RIGHT ACTUAL ANSWERS
Why,could,overhead,costs,be,different,for,product?,,ANSW,-
Size/number,batches,could,be,very,different,,one,is,much,more,complex,to,make,,one,may,be,newer,,n
eed,more,quality,control.
External,Failure,costs,,ANSW,-includes,product,recalls,,warranty,costs,,and,legal,fees.
Value,Engineering,,ANSW,-
Involves,analyzing,the,functionality,of,a,product,to,determine,which,functions,add,value,to,the,custom
er,and,then,finding,ways,to,deliver,those,functions,while,meeting,target,cost.
Non-value,added,,ANSW,-Activities,such,as,expending,an,order,or,scheduling,a,production,run.
Activity,based,management,,ANSW,-when,managers,use,activity-
based,costing,data,to,improve,operations,or,reduce,cost
Cost,driver,,ANSW,-In,a,volume,based,cost,system,,varies,in,direct,relation,to,volume
Product,level,,ANSW,-include,research,and,development,and,product,testing.
non-volume-based,,ANSW,-
measures,include,the,number,or,quality,inspections,and,the,number,of,design,changes.
First,,ANSW,-
This,stage,of,ABC,is,assigning,indirect,costs,to,activity,cost,pools,with,the,goal,to,create,as,few,pools,as,
possible.
Activity,proportion,,ANSW,-
Dividing,the,activity,demands,of,each,individual,product,by,the,total,quantity,of,the,cost,driver.
