107) The dual-rate method is a cost allocation approach that separates a common cost into fixed
and variable components and:
A) allocates only the fixed components.
B) allocates only the variable components.
C) allocates all components with a single standard allocation base.
D) allocates each component using a different allocation base.
108) If a budgeted activity base is used as the base in cost allocation, each department’s cost
allocation will be predictable, and not influenced by the:
A) actual total cost.
B) change in activity.
C) variations from budget.
D) actual usage in other departments.
109) The concepts of cost allocation that are used in manufacturing can also apply in:
A) service and not-for-profit industries.
B) service industries only.
C) not-for-profit industries only.
D) limited instances outside of manufacturing.