Podcast
Questions and Answers
Which costing method tends to overcost high-volume items within a product type?
Which costing method tends to overcost high-volume items within a product type?
- Traditional costing method (correct)
- Direct labor costing method
- Activity-based costing method
- Unit-based costing method
Which costing method will make proportional allocations for more complex products?
Which costing method will make proportional allocations for more complex products?
- Direct labor costing method
- Unit-based costing method
- Traditional costing method
- Activity-based costing method (correct)
Which costing method will undercost more complex products?
Which costing method will undercost more complex products?
- Activity-based costing method
- Direct labor costing method
- Unit-based costing method (correct)
- Traditional costing method
What do quality costs reflect?
What do quality costs reflect?
Which cost component is incurred in planning, implementing, and maintaining a quality system to prevent poor quality?
Which cost component is incurred in planning, implementing, and maintaining a quality system to prevent poor quality?
Which cost component is associated with the identification and correction of defects before delivery to customers?
Which cost component is associated with the identification and correction of defects before delivery to customers?
Which cost component is associated with the costs of defects that occur after delivery to customers?
Which cost component is associated with the costs of defects that occur after delivery to customers?
What is the difference between quality costs and the reduced cost if products and services were all conforming?
What is the difference between quality costs and the reduced cost if products and services were all conforming?
Which category of quality costs includes costs incurred in planning and implementing quality systems?
Which category of quality costs includes costs incurred in planning and implementing quality systems?
Which category of quality costs includes costs associated with the identification and correction of defects?
Which category of quality costs includes costs associated with the identification and correction of defects?
Which of the following is an example of a prevention cost?
Which of the following is an example of a prevention cost?
Which category of costs occurs during or after production but before the product is released to the customer?
Which category of costs occurs during or after production but before the product is released to the customer?
Which of the following is an example of an internal failure cost?
Which of the following is an example of an internal failure cost?
Which category of costs is associated with managing the outcome of a product?
Which category of costs is associated with managing the outcome of a product?
Which of the following is an example of an external failure cost?
Which of the following is an example of an external failure cost?
Which category of costs includes salaries and developmental costs for product design?
Which category of costs includes salaries and developmental costs for product design?
Which of the following is an example of a hidden failure cost?
Which of the following is an example of a hidden failure cost?
Which category of costs includes costs associated with defect cause and removal?
Which category of costs includes costs associated with defect cause and removal?
Which of the following is an example of an appraisal cost?
Which of the following is an example of an appraisal cost?
Which category of costs is incurred when products fail to meet quality requirements prior to the transfer of ownership to the customer?
Which category of costs is incurred when products fail to meet quality requirements prior to the transfer of ownership to the customer?
Which of the following is an example of an external failure cost?
Which of the following is an example of an external failure cost?
Which category of quality costs includes costs associated with the identification and correction of defects?
Which category of quality costs includes costs associated with the identification and correction of defects?
Which costing method tends to overcost high-volume items within a product type?
Which costing method tends to overcost high-volume items within a product type?
Which category of costs is incurred when products fail to meet quality requirements prior to the transfer of ownership to the customer?
Which category of costs is incurred when products fail to meet quality requirements prior to the transfer of ownership to the customer?
Which costing method will make proportional allocations for more complex products?
Which costing method will make proportional allocations for more complex products?
Which of the following is an example of an appraisal cost?
Which of the following is an example of an appraisal cost?
Which category of costs includes salaries and developmental costs for product design?
Which category of costs includes salaries and developmental costs for product design?
Which of the following is an example of an internal failure cost?
Which of the following is an example of an internal failure cost?
Which category of quality costs includes costs associated with defect cause and removal?
Which category of quality costs includes costs associated with defect cause and removal?
What do quality costs reflect?
What do quality costs reflect?
Which of the following is an example of a prevention cost?
Which of the following is an example of a prevention cost?
Which category of quality costs includes costs associated with the inspection and testing of incoming materials?
Which category of quality costs includes costs associated with the inspection and testing of incoming materials?
Which cost component is associated with the costs of defects that occur after delivery to customers?
Which cost component is associated with the costs of defects that occur after delivery to customers?
Which of the following is an example of an internal failure cost?
Which of the following is an example of an internal failure cost?
Which category of costs occurs during or after production but before the product is released to the customer?
Which category of costs occurs during or after production but before the product is released to the customer?
Which of the following is an example of a hidden failure cost?
Which of the following is an example of a hidden failure cost?
Which category of costs includes costs associated with defect cause and removal?
Which category of costs includes costs associated with defect cause and removal?
Which costing method tends to overcost high-volume items within a product type?
Which costing method tends to overcost high-volume items within a product type?
Which category of quality costs includes costs associated with the identification and correction of defects?
Which category of quality costs includes costs associated with the identification and correction of defects?
Which costing method will undercost more complex products?
Which costing method will undercost more complex products?