Related Mcqs:

1. In an activity based costing implementation, the product’s diverse demand is based on _________?

   A. batch size
   B. complexity
   C. process steps
   D. all of above

2. In the activity based costing method implementation, an output unit level costs are classified as ____________?

   A. indirect costs
   B. direct cost
   C. labor cost
   D. raw material cost

3. In the activity based costing method implementation, the indirect costs are allocated by using the ___________?

   A. no cost pool
   B. One or two cost pools
   C. sustained tracing
   D. support tracing

4. In activity based costing system, the description of activity can be classified as __________?

   A. activity list
   B. activity dictionary
   C. active purpose
   D. both A and B

5. The costing system, which is a combination of process costing and job costing system, is classified as __________?

   A. weighted costing system
   B. average costing system
   C. hybrid costing system
   D. double costing system

6. An activity based costing hierarchy includes _____________?

   A. batch level
   B. output unit level
   C. facility and product sustaining
   D. all of above

7. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

   A. different task
   B. purpose cost
   C. an activity
   D. an allocation cost

8. The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

   A. activity based costing
   B. non-financial costing
   C. profit costing
   D. lump sum costing

9. If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?

   A. production exceeds breakeven sales
   B. breakeven sales exceeds production
   C. price exceeds cost
   D. cost exceeds price

10. The normal costing and standard costing methods are used in decisions such as ___________?

    A. investment decisions
    B. pricing decisions
    C. product mix decisions
    D. Both B and C