ACC 350 Week 11 Final Exam Strayer LatestPurchase here:https://www.homework.services/shop/acc-350-week-11-final-exam-strayer-latest/1) A top-selling product might actually result in losses for the company.Answer:2) Companies that undercost products will most likely lose market share.Answer:3) If companies increase market share in a given product line because their reported costs are less than their actual costs, they will become more profitable in the long run.Answer:4) As product diversity and indirect costs increase, it is usually best to switch away from an activity based cost system to a broad averaging system.Answer:5) If a company undercosts one of its products, then it will overcost at least one of its other products.Answer:6) Direct costs plus indirect costs equal total costs.Answer:

7) When refining a costing system, a company should classify as many costs as possible as indirect costs.Answer:8) In a homogeneous cost pool, all costs have a similar cause-and-effect relationship with the cost-allocation base.Answer:9) Indirect labor and distribution costs would most likely be in the same activity-cost pool.Answer:10) Activity-based costing helps identify various activities that explain why costs are incurred.Answer:11) Direct tracing of costs improves cost accuracy.Answer:12) A cost-allocation base is a necessary element when using a strategy that will refine a costing system.Answer:

13) An activity-based costing system is necessary for costing services that are similar.Answer:

14) Traditional systems are likely to undercost complex products with lower production volume.Answer:

15) For activity-based cost systems, activity costs are assigned to products in the proportion of the demand they place on activity resources.Answer:

16) Unit-level measures can distort product costing because the demand for overhead resources may be driven by batch-level or product-sustaining activities.Answer:

17) Output unit-level costs cannot be determined unless you know how many units are in a given batch.Answer:18) Using multiple unit-level cost drivers generally constitutes an effective activity-based cost system.Answer:

19) Misleading cost numbers are larger when unit-level assignments and the alternative activity-cost-driver assignments are proportionately similar to each other.Answer:

20) Availability of reliable data and measures should be considered when choosing a cost-allocation base.Answer:21) When designing a costing system, it is easiest to calculate total costs first, and then per-unit costs.Answer:22) ABC systems attempt to trace more costs as direct costs.Answer:23) ABC systems create homogeneous cost pools linked to different activities.Answer:24) ABC systems seek a cost allocation base that has a cause-and-effect relationship with costs in the cost pool.Answer:25) For service organizations, activity-based cost systems may be used to clarify appropriate cost assignments.Answer:

26) ABC reveals opportunities for improving the way work is done.Answer:27) Activity-based management refers to the use of information derived from ABC analysis to analyze and improve operations.Answer:

28) Information derived from an ABC analysis might be used to eliminate nonvalue-added activities.Answer:

29) ABC costing systems are primarily for use in manufacturing and marketing and not for design engineering.Answer:30) Department-costing systems are a further refinement of ABC systems.Answer:31) ABC systems are useful in manufacturing, but not in the merchandising or service industries.Answer:32) Costing systems with multiple cost pools are considered ABC systems.Answer:33) Regarding department wide systems, the benefits of an ABC system must be balanced against its costs and limitations.Answer:

34) ABC systems always provide decision-making benefits that exceed implementation costs.Answer:35) The primary costs of an ABC system are the measurements necessary to implement the system.Answer:36) Simply because activity-based costing systems employ more activity-cost drivers, they provide more accurate product costs than traditional systems.Answer:

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