$.01 Ways to allocate indirect costs incdlude: a- b. c. Plantwide Rate Multiple

Question

$.01 Ways to allocate indirect costs incdlude: a- b. c. Plantwide Rate Multiple Department Rate Activity-based costing d. All of the above 5.02 A responsibility center manager: a. b. c. d. Has bottom line responsibility for his area Does not answer to the Executive Committee Is responsible for tax policy None of the above In an effort to maximize profitability all of the following variables should be considered EXCEPT: 5.03 a. b. c. d. constraint limitations limited market general economic conditions political party in power 5.04 Opportunity cost is: a. b. c. d. The benefit forgone by not chosing an alternative The opportunity to loan money at increased rates Costs which responsibility center managers look to reduce The calculated cost of excess capacity 5.05 The tracking and review of budgets is a. b. c. d. Optional and industry dependent Peformed only when profits fall Mandatory for good outcomes Mandated by federal statutes

Explanation / Answer

Answer

5.01-option D All of the above (All the given ways are in practice)

5.02- option D None of the above (The responsibility center manager has a authority and responsibility of the center assigned to him)

5.03-Anser D. Political party in Power (maximisation of profitability is not dependant on Political parties)

5.04- Option A (Th eopportunity cost refers to the benefir which aperson could have received but gave up to take another course of action)

5.05-option C-mandatory for good outcomes (Budget tracling and review is beneficial so one can stay in control, and acheive future goals)

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