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ACC 561 Week 3 Assignment Practice Quiz.pdf

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Documents used to track costs.
The manufacturing cost elements.
The accumulation of the costs of materials, labor, and overhead.
The flow of costs.

Multiple Choice Question 35
The costs that are easiest to trace directly to products are
A.direct materials and direct labor.
B.direct labor and overhead.
C.direct materials and overhead.
D.None of the above; all three costs are equally easy to trace to the product.

Multiple Choice Question 36
Often the most difficult part of computing accurate unit costs is determining the
proper amount of _________ to assign to each product, service, or job.
direct materials
direct materials and direct labor
direct labor

Multiple Choice Question 49
The last step in activity-based costing is to

compute the activity-based overhead rate per cost driver.