in product3. A manager's needs regarding cost management and accuracyOperation systemProduction systemDebit to convecosting, and the underlying production system, determine the choice of a(n)Costing systemb. Manufacturing systemс.a.d.When backflush costing is used, managers generally do not use which of thefollowing to keep track of operations?Complex costing methodsb.4.Nonfinancial measuresPersonal observationsс.a.Computer monitoringd.Key features in a just-in-time production system include all of the followingexceptStreamlining operations.b.a.Continuous striving for quality improvement.Elimination of storage and handling costs.d.с.Prorating manufacturing lead time.All of the following are reasons to use backflush costing, excepta. Managers tend to use their limited resources on developing more6.accurate product cost data.b. Complex ledger systems may be too costly to develop under traditionalcost tracking systems.Accuracy is critical when allocating accurate conversion cost ner unitd.A fairly rough allocationс.may5.

I am answering the first question as per the company policies. Costing is the process of per unit…

A manager's needs regarding cost management and accuracy costing, and the underlying production system, determine the choice of a(n) Costing system Manufacturing system product 3. Operation system Production system a. с. b. d.

A manager's needs regarding cost management and accuracy costing, and the underlying production system, determine the choice of a(n) Costing system Manufacturing system product 3. Operation system Production system a. с. b. d.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter11: Strategic Cost Management

Section: Chapter Questions

Problem 20E

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Question

in product
3. A manager's needs regarding cost management and accuracy
Operation system
Production system
Debit to conve
costing, and the underlying production system, determine the choice of a(n)
Costing system
b. Manufacturing system
с.
a.
d.
When backflush costing is used, managers generally do not use which of the
following to keep track of operations?
Complex costing methods
b.
4.
Nonfinancial measures
Personal observations
с.
a.
Computer monitoring
d.
Key features in a just-in-time production system include all of the following
except
Streamlining operations.
b.
a.
Continuous striving for quality improvement.
Elimination of storage and handling costs.
d.
с.
Prorating manufacturing lead time.
All of the following are reasons to use backflush costing, except
a. Managers tend to use their limited resources on developing more
6.
accurate product cost data.
b. Complex ledger systems may be too costly to develop under traditional
cost tracking systems.
Accuracy is critical when allocating accurate conversion cost ner unit
d.
A fairly rough allocation
с.
may
5.

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Which is not a task typically associated with ABC systems? A. calculating the overhead application rate for each cost pool B. applying a single cost rate C. identifying a cost driver D. more correctly allocating overhead costs
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Which of the following is a reason a company would implement activity-based costing? A. The cost of record keeping is high. B. The additional data obtained through traditional allocation are not worth the cost. C. They want to improve the data on which decisions are made. D. A company only has one cost driver.
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