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Quiz 1 (AMAD223)

Authored by Norlaili A. Rahman

Business

1st Grade

Used 3+ times

Quiz 1 (AMAD223)
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under direct costing system, the indirect costs are assigned to cost objects

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Direct costing system is appropriate where the majority of costs are direct

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Traditional costing system rely on arbitrary allocation bases.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ABC system use only cause-and-effect cost drivers.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ABC system appropriate when the production is for the limited range of products

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choice of activities influenced by the total cost of the activity centre and the ability of a single cost driver to provide a satisfactory determinant of the cost of the activity.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs assigned to activity cost pools will exclude indirect costs.

TRUE

FALSE

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