Organizations with largely fixed costs tend to be highly profitable durin

1. Organizations
with largely fixed costs tend to be highly profitable during boom years because
costs do not rise (much) with increases in volume, but the reverse also true.
During bust years, costs remain high despite drops in volume.
True
False
0.5 points
QUESTION 2
1. What does
“economies of scale” mean?

Groups
of companies with similar valuations.

Gaining
a cost advantage with an increase in size or output.

Management
of available resources and the costs associated with them.
0.5 points
QUESTION 3
1. Standard
costing develops “benchmarks” or “norms” that are used by
management to monitor for discrepancies.
True
False
0.5 points
QUESTION 4
1. Copy of
Select all the true statements about standard costing.

Estimates
the overall cost by using previous actuals.

Estimates
the overall cost to create a standard through analyis and averaging costs over
time.

Enables
a company to more quickly create cost forecasts and react to unexpected
variances.

Can
only be used to account for materials and labor (not for overhead costs).
0.5 points
QUESTION 5
1. The ABC
Company, maker of birdhouses, has decided to implement an ABC system. The Cost
Accountant has been provided the following data for the past month:
Birdhouse Models
Quantity Produced Total Machine
Hours Total Labor Hours
Basic 100 10 25
Standard
100
20 40
Deluxe
25 40 60
The Spend pools are provided as:
Material
$3,000
Direct Labor $5,000
Overhead $2,000
If Overhead is allocated based on the activity of Quantity
Produced, how much of the $2,000 cost will be allocated to the Deluxe
Birdhouse?

$222

$888

$960

$1,142
0.5 points
QUESTION 6
1. The ABC
Company, maker of birdhouses, has decided to implement an ABC system. The Cost Accountant has been provided the
following data for the past month:
Birdhouse Models
Quantity Produced Total Machine
Hours Total Labor Hours
Basic 100 10 25
Standard
100 20 40
Deluxe
25
40 60

The Spend pools are provided as:
Material
$3,000
Direct Labor $5,000

Overhead $2,000
If Overhead is allocated based on the activity of Total
Machine Hours, how much of the $2,000 cost will be allocated to the Deluxe
Birdhouse?

$1,142

$222

$960

$667
0.5 points
QUESTION 7
1. The ABC
Company, maker of birdhouses, has decided to implement an ABC system. The Cost Accountant has been provided the
following data for the past month:
Birdhouse Models Quantity Produced Total Machine Hours Total Labor Hours
Basic 100 10 25
Standard
100
20 40
Deluxe
25
40 60

The Spend pools are provided as:
Material
$3,000
Direct Labor $5,000
Overhead $2,000
If Direct Labor Hours is allocated based on Total Machine
Hours, which birdhouse model will have the most expensive Direct Labor
component of total cost?

Deluxe
Model

Standard
Model

Basic
Model

All
three will have the same cost since the total spending remains constant at
$5,000

0.5 points
QUESTION 8
1. Cost
allocation is the process of spreading or assigning indirect costs to a
finished product. Assume that the cost of an overhead item is $100. There are 3
products that benefit from this overhead item and during this period 10 units
of A, 20 units of B and 70 units of C are produced.
If the allocation of overhead expense is based on units of
production, which product will absorb the most of the $100?

Product
A

Product
B

Product
C

All
products will receive the same amount of overhead (called “fair
share”).
0.5 points
SAVE AND SUBMIT
Click Save and Submit to save and submit. Click Save All
Answers to save all answers.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
Very good service
Customer 453075, April 27th, 2022
Nutrition, Hospitality & Human Services
Thank you for the revision.
Customer 452919, April 16th, 2024
Psychology
Awesome work!
Customer 452521, June 27th, 2020
Sociology
Thank you for your service as a team .
Customer 452919, December 1st, 2021
Business Studies
Thank you sincerely great paper and content
Customer 452793, June 22nd, 2021
Ethics
Since I will be needing assistance from your Team, please do not block me from editing the paper. The entire did an awesome job on last semester and I never once encountered a situation as such. Thank you for your assistance and I look forward to working with the Team for the next 7 weeks of the semester.
Customer 452919, January 15th, 2022
Marketing
Thank you so much!
Customer 453015, December 13th, 2021
Nutrition, Hospitality & Human Services
Thank you for your assistance.
Customer 452919, April 9th, 2024
English 3311- Professional Writing
Thank you, it looks good!
Customer 452919, January 28th, 2023
Business Studies
I had no idea what to do here and you nailed it! Thank you so much!
Customer 453131, November 21st, 2022
English 101
well written excellent job, thank you!!
Customer 452989, December 2nd, 2021
Nursing
Fabulous fast service
Customer 453075, April 21st, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat