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Under a new activity-based costing system, which 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