Assigning overhead using ABC often:

Related MCQs

• Which of the following arguments support integrating ABC with the general ledger system used for GAAP, rather than using a separate stand alone ABC system?
• Which of the following is not an argument for using a separate stand alone system for activity based costing, i.e., rather than integrating ABC with the general ledger system used for GAAP?
• Which of the following types of characteristics tend to cause too little overhead costs to be charged to the product using traditional cost allocations?
• In a process costing system, the manufacturing overhead (or factory OH) is usually applied using
• When traditional production volume based overhead allocations are made, rather than activity based allocations,
• in a process costing system, manufacturing overhead is assigned to work in process by
• Materials labor and overhead costs are traced to processing departments rather than individual products or jobs. This statement is true for
• In process costing system, the predetermined overhead rate is computed.
• Cooper and Kaplan recommend using which of the following as the basis, or denominator, when developing activity cost pool rates for activity based costing.
• In order to compute equivalent units of production using the Weighted Average method of process costing, the following equation should be used: