
Quiz 1 (AMAD223)

Quiz
•
Business
•
1st Grade
•
Medium
Norlaili A. Rahman
Used 3+ times
FREE Resource
10 questions
Show all answers
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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