of the following overhead costs would be most likely to have a new cost driver assigned to it?
32. Nile Co.' s cost allocation and product costing procedures follow activity-based costing principles. Activities have been identified and classified as being either value-adding or nonvalue-adding as to each product. Which of the following activities, used in Nile ' s production process, is nonvalue-adding?
33. Which of the following items is a process management approach that involves radical change?
34. In an income statement prepared as an internal report using the direct( variable) costing method, fixed selling and administrative expenses would
35. The absorption costing method includes in work in process and finished goods inventories:
36. In an income statement prepared as an internal report using the direct( variable) costing method, fixed selling and administrative expenses would
37. Cay Co.' s 2005 fixed manufacturing overhead costs totaled $ 100,000, and variable selling costs totaled $ 80,000. Under direct costing, how should these costs be classified?
38. Using the variable costing method, which of the following costs are assigned to inventory?
39. A manufacturing company prepares income statements using both absorption and variable costing methods. At the end of a period, actual sales revenues, total gross profit, and total contribution margin approximated budgeted figures, whereas income was substantially greater than the budgeted amount. There was no beginning or ending inventories. The most likely explanation of the income increase is that, compared to budget, actual
40. Which of the following statements is correct regarding the difference between the absorption costing and variable costing methods?
41. A manufacturing company prepares income statements using both absorption and variable costing methods. At the end of a period, actual sales revenues, total gross profit, and total contribution margin approximated the budgeted figures, whereas