Which of the following would not lend itself to applying direct labor variances? a. Customer service personnel. b. Telemarketer. c. Help desk assistant. d. Research and development scientist.
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- Which of the following is not a qualitative decision that should be considered in an outsourcing decision? A. employee morale B. product quality C. company reputation D. relevant costsi. What are the costs and benefits to be taken into consideration when managers choose between applying predetermined overhead rates or actual overhead rates.ii. Explain why management accountants allocate indirect cost to responsibility centres.Which one of the following represents a period cost? a. Fringe benefits associated with factory workers. b. The VP of Sales' salary and benefits. C. Overhead allocated to the manufacturing operations. d. Labor costs associated with quality control.
- Which of the following is not a qualitative decision that should be considered in an outsourcing decision?A. employee moraleB. product qualityC. company reputationD. relevant costsWhich of the following is false when using ABC in a service industry? analyze operations accumulated overhead costs by activity cost pools identify activities identify and use cost drivers to assign the cost pools to productsIt would be most appropriate to develop direct labor time standards for use in administrative activities when the activity involves _____. a.Task related to non-measurable output b.Repetitive task that produces common output c.Top-level management d.Non-repetitive task that produces common output
- Which of the following would be an inappropriate activity base for allocating factory overhead costs? a. direct labor cost b. machine hours c. salaries of supervisors d. direct labor hourswhere the line is drawn between direct and indirect labor, is direct labor at an employee level or a managerial level?Which of the following costs would not be inventoriable? Indirect labor cost Office rent factory insurance cost
- What role do standard costs play in controlling the operations of a business? How are standard costs developed for direct materials, direct labor, and manufacturing overhead? Are there ever costs that we can't develop standards for related to manufacturing the goods?What are the types of work performed, the overall areas of focus, and/or other relevant information that would inform someone about a cost accounting career?Standard cost are used primarily for: Estimating future costs. To produce financial statements for external users. To judge the performance of accounting managers. To judge the performance of managers involved in the manufacturing process.