ACCT 344 Week 5 Quiz......................(ACCT 344 Cost Accounting - DeVry)
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1. Question: (TCO 7) A common cost occurs
2. Question: (TCO 7) Which would be the most appropriate base for allocating the costs of the housekeeping department?
3. Question: (TCO 7) The Ruling Company assigns plant administration costs to the production departments based on the number of employees. Which would NOT be a good combination of common costs with an activity driver?
4. Question: (TCO 7) Joint costs are allocated because of
5. Question: (TCO 7) Which method allocates support department costs?
6. Question: (TCO 7) Joint costs are
7. Question: (TCO 7) Which method allocates joint production costs based on the pounds of product produced?
8. Question: (TCO 7) DeeDee Corporation manufactures the following products in its factory. $400,000 of costs were incurred…………How much joint cost would be allocated to Product A based on the physical units method?
9. Question: (TCO 7) Sally Corporation manufactures four products. The following data were provided by the cost accountant for the current year……….
10. Question: (TCO 7) Lamb Inc. processes wool into four grades of yarn as follows…….Which is the amount of joint costs assigned to Superwash Wool using the constant gross margin percentage method?