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Exam 4: Activity-Based Management and Activity-Based Costing

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Question 41

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Video Corporation Video Corporation has two product lines: LCD televisions and projection televisions.The company has budgeted the following production and overhead costs for the upcoming year: Refer to Video Corporation.If the company uses total direct labor hours to allocate factory overhead,the machine maintenance cost allocated to projection TVs would be:

A) $ 72,000
B) $108,000
C) $110,769
D) $124,615

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Question 42

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Manufacturing cycle efficiency is a measure of

A) bottlenecks.
B) effectiveness.
C) efficiency.
D) quality.

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Question 43

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Simultaneous engineering helps companies accomplish which of the following?

Describe the two-step process by which costs are allocated in an ABC system.

Ada National Bank Ada National Bank had the following activities,traceable costs,and Physical flow of driver units: The above activities are used by the Broken Arrow branch and the Choctaw branch: Refer to Ada National Bank.How much of the deposit cost will be assigned to the Choctaw branch?

Which of the following is not a drawback of mass customization?

The proportion of value added processing time to total cycle time equals __________________________________________________. or

Management should strive to reduce or eliminate non-value added activities from a production process.

Under activity-based costing,benchmarks for product cost should contain an allowance for

Manufacturing cycle efficiency should be increased by employing which of the following techniques?

ABC has been criticized for a variety of reasons.Discuss these criticisms.

Activity-based costing is appropriate for a company that has low overhead costs that are proportional to the unit volumes of products.

Video Corporation Video Corporation has two product lines: LCD televisions and projection televisions.The company has budgeted the following production and overhead costs for the upcoming year: Refer to Video Corporation.If the company uses number of units produced to allocate factory overhead,the machine maintenance cost allocated to LCD TVs would be:

Video Corporation Video Corporation has two product lines: LCD televisions and projection televisions.The company has budgeted the following production and overhead costs for the upcoming year: Refer to Video Corporation.If the company uses an activity-based costing (ABC) system to allocate factory overhead,the materials handing cost allocated to LCD TVs would be:

In allocating variable costs to products,

The sum of the non-value-added time and the value-added time equals

Lead time minus production time is equal to

What are the three classes of activities defined by activity-based management.What is customer response to each of these activities? What is management's reaction to each of these activities?

In an activity-based costing system overhead costs are first recorded in activity center pools before being recorded in a general ledger

ABC should be used in which of the following situations?