Cost Management: A Strategic Emphasis (8th Edition)

Chapter 3

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Cost allocation involves the assignment of ... more

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The costs that can be assigned directly to the ... more

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All direct costs are variable. These increase ... more

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All fixed costs are indirect as these are not ... more

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The cost driver is that factor or activity which ... more

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The variable costs changes with the change in the ... more

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The step costs refers to the costs that do not ... more

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The conversion cost is the sum of direct labor and... more

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The unit cost is the total cost incurred in the ... more

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The concept of average cost can be misleading as ... more

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The total variable cost will increase or decrease ... more

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Product costs are the costs incurred in the ... more

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The cost of goods manufactured includes the cost ... more

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The design of the production process is an example... more

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The economies of scale is an example of the ... more

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The lubricant oil used for upkeep and maintenance ... more

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The supervisor’s compensation is an example of ... more

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This option is incorrect. While direct material is... more

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The option is incorrect. The USB port hardware is ... more

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The option is incorrect. The factory lease is not ... more

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This statement regarding manufacturing overhead is... more

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The option is incorrect. The direct labor is used ... more

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$13,200 ; Calculate the amount of material used in... more

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$12.6 million ; Calculate the total manufacturing ... more

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$183,000 ; Calculate the materials used by ... more

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$1,800,000 ; Calculate the cost of goods sold (... more

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$20,500 ; Calculate the period cost by adding the ... more

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The company has not benefited in terms of sales ... more

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The costs that can be easily identified and traced... more

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The manufacturing labor should be considered as ... more

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The proper cost object to analyze the ... more

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The cost of Department A is fixed because it ... more

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The cost of Department 3 is fixed because it ... more

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Company A has the  higher percentage increase in ... more

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The structural cost drivers are providing customer... more

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Statement of cost of goods manufactured: ; Income ... more

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Statement of cost of goods manufactured: ; Income ... more

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Statement of cost of goods manufactured: ; Income ... more

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