cost pools and cost drivers

 Cost Accounting

A exam.seu.edu.sa X + Х < { > 0 https://exam.seu.edu.sa/Assessments/Live/Mobile/2191 = ACCT 301 Cost Accounting Final 20 marks Exam € 15 – 40 → 25:04 Which of the following is true? 0 a. Total Sales – Total fixed Costs + Total Variable costs = Profit o b. Total Sales – Total Variable costs + Total Fixed Cost = Profit o C. Total Sales – Total Variable Costs – Total Fixed Costs = Profit d. Total Sales – Total Variable Costs – Profit O 30% A exam.seu.edu.sa X + Х < > 0 https://exam.seu.edu.sa/Assessments/Live/Mobile/2191 = ACCT 301 Cost Accounting Final 20 marks Exam + 19 – 40 → 口 19:06 Accept or Reject a special customer….. 0 a. Routine Operating Decision o b. Is a non Routine Operating Decision o C. Can be a routine or a non routine operating decision o Is not a routine operating decision and is not a non routine operating decision. o d. 40% A exam.seu.edu.sa X + Х → 0 https://exam.seu.edu.sa/Assessments/Live/Mobile/2191 = – ACCT 301 Cost Accounting Final 20 marks Exam 9 – 40 → 口 39:06 Maintenance is a support department for which costs is allocated based on square feet, and cafeteria is a support department for which costs are allocated based on number of employees. 0 Maintenance cotst is $30,000. Number of square feet for cafeteria is 2,000, for Operating department 1 is 3,500 and for Operating department 2 cafeteria will be……… 4,000. If the direct method is used, maintenance costs allocated to the a. $28,571.43 O b. $15,909 O C. $10,000 o d. $0 O 15% exam seu.edu sa 1 0 @ https://exam seu.edu.sa/Assessments/Live/Mobile/2191 E ACCT 301 Cost Accounting Final 20 marks Exam 27 – 40 2 Osamah Company’s projected sales for January are 70,000 units and for February 90,000 units. Beginning inventory for the year is 27,000 units. Ending inventory for each month should be 30% of the next month’s sales. How many units should the company produce in January? a. 106.000 b. 70.000 C. 78,000 о d. 90,000 o Direct Materials Efficiency Variance =.. a. Standard Price X (Standard Quantity Allowed – Actual Quantity) b. Actual Price X (Standard Quantity – Actual Quantity) C. Actual Price X (Standard Quantity + Actual Quantity) d. Standard Quantity X (Standard Price – Actual rice) @ https://exam.seu.edu.sa/Assessments/Live/Mobile/2191 = HE ACCT 301 Cost Accounting Final 20 marks Exam 31 KLM Company has a total cost of SAR 36,750 at 3,500 units, and at 3,000 units total cost is SAR 33,750. What is the variable cost per uni- a. SAR2.00 b. SAR6.00 c. SAR8.00 d. SAR1.00 III ACCT 301 Cost Accounting Final 20 marks Exam ABC (Activity Based Costing) systems differ from traditional systems in that ABC systems… a. Assign costs only to units of product b. Use multiple cost pools and cost drivers to allocate direct costs C. Trace direct costs to cost objects d. Use multiple cost pools and cost drivers to allocate overhead costs