Accounting Final

Answer all of the hobby questions head teacher no.1: (10 marks): State whether all(prenominal) of the following statements atomic number 18 True or False: |No. | avowal |True |False | |1 |Activity-based be is a cost method that is designed to provide managers with cost training for strategical | | | | |and other decisions that potentially affect only variant cost. | | | |2 |Unit- level production activities are performed each clipping a unit is made. | | | |3 |An activity based costing dodging is generally easier to set up a nd run than a traditionalistic cost system. | | | |4 |Customer-level activities relate to specific customers and allow activities much(prenominal) as sales calls, catalog mailing, | | | | |and general expert support.

| | | |5 |In activity based costing, all manufacturing costs are assigned to products, even manufacturing costs that are not | | | | |caused by products. ! | | | Question No. 2: (6 marks) Freeman union uses a predetermined smash rate based on reckon labor hours to apply manufacturing overhead to jobs. At the get of the year, the political party estimated manufacturing overhead would be $150,000 and direct labor hours would be 10,000. The real(a) figures for the year were $186,000 for manufacturing overhead and 12,000 direct labor hours. need: mastermind the over or under applied overhead for the year. Question No. 3:(8 marks):...If you want to get a encompassing essay, order it on our website: OrderEssay.net

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