F5 test 1 203

F5 test 1 203

2nd Grade

42 Qs

quiz-placeholder

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F5 test 1 203

F5 test 1 203

Assessment

Quiz

Others

2nd Grade

Practice Problem

Medium

Created by

Duy Pham

Used 8+ times

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42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement TRUE or FALSE regarding

activity-based costing (ABC) and cost drivers?

"A cost driver is any factor that cause a change in the cost of an activity”

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement TRUE or FALSE regarding

activity-based costing?

"Life-cycle costing takes into account all costs

incurred in a product like life-cycle with exception of sunk costs incurred on research and development

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement about target costing TRUE

or FALSE?

"Products should be discontinued if there is a target cost gap“

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Is the following statement TRUE or FALSE regarding

activity-based costing?

"A cost pool is an activity which consumes resources

and for which overhead costs are identified and

allocated"

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement TRUE or FALSE regarding

activity-based costing?

"Life-cycle costing ensures a profit is generated over The life of the product'

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement about target costing TRUE or

FALSE?

"A target cost gap is the difference between the target

cost for a product and its projected cost'

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is the following statement about target costing TRUE or

FALSE?

"Cost may be reduced in target costing by removing

product features that do not add value"

True

False

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