ACC 350 Week 9 Quiz 7-Strayer Latest

This file of ACC 350 Week 9 Quiz 7 - Strayer Latest includes:
1) Compared to variable overhead costs planning, fixed overhead costs planning have an additional strategic issue of ________.
A) eliminating activities that do not add value
B) increasing the linearity between total costs and volume of production
C) choosing the appropriate level of investment
D) identifying essential value-adding activities

2) Effective planning of variable overhead costs means that a company performs those variable overhead costs that primarily ________.
A) increase the planned variable overhead budgets
B) add value for the customer using the products or services
C) increase the linearity between total costs and volume of production
D) identify the product advertising requirements

3) Which of the following statements is true of variable overhead costs?
A) All the decisions determining the level of variable overhead costs are made at the start of a budget period.
B) Planning of variable overhead costs includes choosing the appropriate level of capacity.
C) Activities which add value are of least relevance while planning variable overhead costs.
D) The level of variable overhead costs incurred in a period is mainly determined by day-to-day operating decisions.

4) Fixed overhead costs include ________.
A) the cost of sales commissions
B) property taxes paid on plant facilities
C) energy costs
D) indirect materials

5) Effective planning of fixed overhead costs includes ________.
A) planning day-to-day operational decisions
B) eliminating value-added costs
C) determining which products are to be produced
D) choosing the appropriate level of capacity

6) Effective planning of variable overhead costs includes ________.
A) choosing the appropriate level of investment
B) eliminating value-added costs
C) redesigning products to use fewer resources
D) reorganizing management structure

7) Most of the decisions determining the level of fixed overhead costs to be incurred will be made ________.
A) by the end of a budget period
B) by the middle of a budget period
C) on a day-to-day ongoing basis
D) at the start of a budget period

8) The major challenge when planning fixed overhead is ________.
A) calculating total costs
B) calculating the cost-allocation rate
C) choosing the appropriate level of capacity
D) choosing the appropriate planning period

9) An effective plan for variable overhead costs will eliminate activities that do not add value.
10) At the start of the budget period, management will have made most decisions regarding the level of fixed overhead costs to be incurred.
11) The planning of fixed overhead costs differs from the planning of variable overhead costs in terms of timing.
12) The planning of fixed overhead costs does not differ from the planning of variable overhead costs.

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