ACCT 2170: Test Chapters 9 & 13

Costs are assigned to activities, and then to the products based on each product’s use of the activities.

• Plantwide Rate

• Department Rate

• Activity-based Costing

Which of the following use cost pools? Check all that apply.

• Plantwide Rate

• Department Rate

• Activities-based Costing

Volume, batch, product, and facilities levels are examples of

• Cost Allocation

• Cost Hierarchy

• Cost Drivers

• Cost Pools

Which of the following would be classified as a product level activity?

• Design

• Cleaning Factory

• Cutting Parts

• Sampling Product

Which of the following would be classified as a batch level activity? Check all that apply.

• Material Handling

• General Plant Costs

• Supplies

• Shipping Costs

Lubricating oil used for production machinery would be classified as

• Facility Related Activity

• Product Related Activity

• Batch Related Activity

• Volume Related Activity

The financial plan of an organization for the coming year. Includes sales, production, and costs of the organization.

• Balance Sheet

• Income Statement

• Master Budget

• Direct Labor Budget

Which budget is prepared first?

• Production Budget

• Overhead Budget

• Direct Labor Budget

• Sales Budget

Which of the following accounts would not be included on a budgeted balance sheet? Check all that apply.

• Cash

• Sales

• Accounts Payable

• Rent Expense

On the cash budget, which of the following would be considered a cash receipt?

• Dividends

• Accounts Receivable

• Accounts Payable

• Income Taxes