The following tasks are associated with an activity-based costing system:1- Assignment of cost to products2- Calculation of pool rates3- Identification of cost drivers4- Identification of cost poolsWhich of the following choices correctly expresses the proper order of the preceding tasks?
A. 2, 4, 1, 3.
B. 4, 2, 1, 3.
C. 1, 2, 3, 4.
D. 3, 4, 2, 1.
E. 4, 3, 2, 1.
Answer: E
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By 2010, only ________ percent of US households were traditional households
A) 20 B) 25 C) 28 D) 31 E) 33
Regarding the sales budget, which of the following statements is incorrect?
A) The forecast of sales revenue is the cornerstone of the master budget. B) The level of sales affects expenses and almost all other elements of the master budget. C) The budgeted sales are carried from the sales budget to the balance sheet. D) Budgeted total sales for each product equal the sales price multiplied by the expected number of units
The cost principle relates most closely to the
A) recognition point. B) recognition issue. C) valuation issue. D) classification issue.
The customers at Marielle's coffee shop want to grab a quick cup of coffee before boarding the commuter train into the city. The sign in the window promises "Quick, In-and-Out Service," and usually Marielle's keeps that promise. But one morning, customers were frustrated when the staff behind the counter showed more interest in gossiping about their social lives than in waiting on customers. Marielle's shop is suffering from a ________ gap.
A. communications B. standards C. delivery D. social expectations E. knowledge