Chapter 11 MA1

Chapter 11 MA1

University

9 Qs

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Chapter 11 MA1

Chapter 11 MA1

Assessment

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Created by

Denis Lim

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9 questions

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1.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

State which of the following are characteristics of service costing.

High levels of indirect costs as a proportion of total costs.

Use of composite cost units.

Use of equivalent units.

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Specific characteristic of service costing

Intangibility

Simultaneity

Perishability

Heterogeneity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The companies that produce many different products usually use:

Process costing

Job Order Costing

Service Costing

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is service costing used?

When indirect costs are a small proportion of total costs

When overhead absorption is straightforward

When the absence of a physical product makes it impossible to determine unit costs

When the output is intangible

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which one of the following is most likely to operate a system of service costing?

A printing company.

A hospital.

A furniture manufacturer.

An air-con manufacturer.

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following would be appropriate cost units for a transport business?

Cost per tonne-kilometre

Fixed cost per kilometre

Maintenance cost of each vehicle per kilometre

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Calculate the most appropriate unit cost for a distribution division of a multinational company using the following information.
Miles travelled 636,500
Tonnes carried 2,479
Number of drivers 20
Hours worked by drivers 35,520
Tonne/miles carried 375,200
Costs incurred $562,800

0.88

1.50

15.84

28140

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of service costing in a business?

To determine the cost of physical goods produced

To allocate costs to services provided

To calculate profit margins on products

To assess employee performance

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which scenario would a company most likely use job order costing?

For a mass production factory

For a custom furniture maker

For a utility service provider

For a software development firm