After service department costs have been allocated, what is the final step in determining full product cost?
a. determine direct material cost
b. determine overhead application rates for revenue-producing areas
c. determine direct labor cost
d. determine total service department costs
B
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A projected cost for the future is a
a. direct cost. b. fixed cost. c. inventoriable cost. d. budgeted cost.
If a company produces more than one product, which of the following statements is true?
a. The break-even point is computed by dividing the WACM into the total contribution margin. b. The break-even point is computed by dividing the WACM into the total variable costs. c. The break-even point is computed by dividing the WACM into the total sales revenue. d. The break-even point is computed by dividing the weighted average contribution margin (WACM)into the total fixed costs.
Cultural demands to employ unethical means if circumstances become challenging can prompt
A. clever ways to operate outside established policies to boost profits. B. increased observance of ethical strategic actions. C. company authorization to observe what's right. D. otherwise dishonorable people to behave ethically. E. a moral work climate.
In process layouts, the process facilities are shared by a wide variety of different products. Consequently, ______.
a. the relative positioning of the various departments is a compromise b. the relative positioning of the various departments is usually a perfect solution c. the relative positioning of the various departments is an expensive solution d. the relative positioning of the various departments is a quick solution