Wednesday, February 12, 2014

solman - practice set

Make disquisition

Chapter 3—Predetermined Overhead Rates, Flexible Budgets, and Absorption/Variable Costing

LEARNING OBJECTIVES

LO 1
Why and how are overhead costs allocated to products and services?
LO 2
What causes underapplied or overapplied above, and how is it treated at the cessation of a period?
LO 3
What press close together do different capacity measures have in successi~ setting predetermined overhead rates?
LO 4
How are the recondite-low method and least squares regression analysis used in analyzing mixed costs?
LO 5
How perform managers use flexible budgets to fixed beforehand predetermined overhead rates?
LO 6
How bestow absorption and variable costing differ?
LO 7
How act changes in sales or production levels put on net income computed under
absorption and vacillating costing?

QUESTION GRID

True/False

Difficulty Level

Learning Objectives

Easy
Moderate
Difficult
LO 1
LO 2
LO 3
LO 4
LO 5
LO 6
LO 7
1
X
 
 
x
 
 
 
 
 
 
2
X
 
 
x
 
 
 
 
 
 
3
X
 
 
x
 
 
 
 
 
 
4
X
 
 
x
 
 
 
 
 
 
5
X
 
 
x
 
 
 
 
 
 
6
X
 
 
x
 
 
 
 
 
 
7
X
 
 
x
 
 
 
 
 
 
8
X
 
 
x
 
 
 
 
 
 
9
X
 
 
x
 
 
 
 
 
 
10
X
 
 
x
 
 
 
 
 
 
11
X
 
 
x
 
 
 
 
 
 
12
X
 
 
x
 
 
 
 
 
 
13
X
 
 
 
x
 
 
 
 
 
14
X
 
 
 
x
 
 
 
 
 
15
X
 
 
 
x
 
 
 
 
 
16
X
 
 
 
x
 
 
 
 
 
17
X
 
 
 
x
 
 
 
 
 
18
X
 
 
 
x
 
 
 
 
 
19
X
 
 
 
x
 
 
 
 
 
20
X
 
 
 
x
 
 
 
 
 
21

x
 
 
 
x
 
 
 
 
22
 
x
 
 
 
x
 
 
 
 
23
 
x
 
 
 
x
 
 
 
 
24
 
x
 
 
 
x
 
 
 
 
25
 
x
 
 
 
x
 
 
 
 
26
 
x
 
 
 
 
x
 
 
 
27
 
x
 
 
 
 
x
 
 
 

Difficulty Level
Learning Objectives

Easy
Moderate
Difficult
LO 1
LO 2
LO 3
LO 4
LO 5
LO 6
LO 7
28
 
x
 
 
 
 
x
 
 
 
29
 
x
 
 
 
 
x...

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