Reference no: EM132560549

Question 1: Manufacturing overhead costs are also known as:

Select one:

A.Selling expenses

B.Operating expenses

C.Indirect product costs

D.Direct costs

Question 2: Which of the following characteristic do activity Based Costing include?

Select one:

A. A greater number of overhead cost application bases compared to conventional costing systems

B. The overhead cost application bases are likely to be more accurate cost drivers than would be the case in conventional costing systems

C. The simplicity of the system makes it easy to implement

D. A greater number of overhead cost application bases compared to conventional costing systems AND the overhead cost application bases are likely to be more accurate cost drivers than would be the case in conventional costing systems

Question 3: The process costing system works better for:

Select one:

A.Different products being manufactured in industries

B.Identical products being manufactured on a continuous basis

C.Services industries

D.All of the above