Berkeley Inc. produces multiple products and incurs significant amounts indirect costs.  Which of the following options would likely help Berkeley improve the accuracy of its indirect cost allocation to its different products? Use a single allocation base to allocate the company's indirect costs instead of having multiple allocation bases Ensure each indirect cost pool contains cost items that are driven by the same cost driver Use actual costing instead of normal costing Group of answer choices Statement 1 only Statement 2 only Statement 3 only Statement 1, 2 and 3   None of above statements

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Carizick Co manufactures gaming products. It has created a new games console called the QpBox which is about to be launched. Demand for the QpBox is anticipated to be high. The product life cycle of the QpBox is expected to be three years with 300,000 units forecast to be sold during its first year. Sales volumes are expected to decrease by 75,000 units in each subsequent year. Production volumes will be based on expected demand levels. The following costs for the QpBox have been determined: Design and development Pre-launch advertising Advertising in Year 2 Packaging Manufacturing cost $120m $0.5m $0.4m $3 per unit $80 per unit At a recent board meeting, the finance director said that Carizick Co should look to maximise the profitability of the QpBox over its life cycle. The marketing director made the comment that Carizick Co should focus on extending the maturity phase of the life cycle only as this stage is where the QpBox is most profitable. Contract with Zone Co Carizick Co has…

Which of the following statements is true? O a. Activity-based costs per unit are always greater than volume-based costs per unit. O b. All the statements are false. O c. Different cost allocation methods are constructed so that they typically result in the same or similar estimates of how much it costs to make a product. O d. Activity-based costing typically provides less information about product costs while requiring more recordkeeping. O e. Volume-based costing has typically resulted in overcost for high-volume products and undercost for low-volume products. 11:40 ere to search A D a dx ENG 22-05-2021 hp delete home end an Ed 96 & 7\ 6. + backspace mum lock RO 7 V home g up K enter 50 pause B t shift 2Y end alt ctrl ins

2. Consider the following statements about absorption costing and variable costing: Variable costing is consistent with contribution reporting and cost-volume-profit analysis. Absorption costing must be used for external financial reporting. A number of companies use both absorption costing and variable costing. Which of the above statements is (are) True? Group of answer choices a. I, II and III. b. II only c. I and II d. III only e. I only.

multiple choice  1. What is the difference between “Absorption costing”, “Variable costing” and “Throughput costing”?to. Under Variable costing, fixed manufacturing costs are NOT inventoriedb. Under Throughput costing, only direct raw material costs are inventoriedc. Both "a" and "b" are correctd. Neither "a" nor "b" are correct 2. If a manufacturing company does NOT have inventories, the difference between operating income under absorption costing and operating income under variable costing will be:to. equal to the variable overhead that the company incurred.b. equal to the fixed overhead that the company incurredc. equal to the sum of fixed overhead and incurred variable overheadd. neither, both amounts will be equal

15) Which of the following statements is true of ABC systems? A) ABC systems are time-driven cost systems. B) ABC systems classify some direct costs as indirect costs and some indirect costs as direct costs. C) ABC systems provide valuable information to managers beyond accurate product costs. D) ABC systems assume all costs are variable costs. Dlongo follou on JWhotaAnn

a difference in cost-plus pricing and target costing is that target costing starts with the price customers are willing to pay whereas cost-plus pricing starts with the cost.   computes the desired markup while cost-plus pricing computes the maximum cost the company is willing to incur.   is generally determined after introducing a product and cost-plus pricing is determined before introducing a product.   is a simple approach while cost-plus pricing is relatively complex.

Which of the following is not a step involved in activity-based costing? Select one O a Compute a cost rate per cost driver unit or transaction. O bidentify the activities that consume resources and assign costs to those activities -O CAssign costs to products by multiplying the cost driver rate by the volume of cost driver units consumed by the product o d Determine how to reduce the costs of making products by cutting activities