Q • Question 1 0.4 out of 0.4 points Match each term to its corresponding definition. • Question 2 0.4 out of 0.4 points The ABC Company, maker of birdhouses is looking at different ways of allocating shared costs (overhead). The Cost Accountant has been provided the following data for the past month: Birdhouse Models Quantity Produced Total Machine Hours Total Labor Hours Basic 100 10 25 Standard 100 20 40 Deluxe 25 40 60 The Spend pools are provided as: Material: $3000 Direct Labor: $5000 Overhead: $2000 If Overhead is allocated based on the activity of Total Machine Hours, how much of the $2,000 cost will be allocated to the Deluxe Birdhouse? • Question 3 0.4 out of 0.4 points The ABC Company, maker of birdhouses is looking at different ways of allocating shared costs (overhead). The Cost Accountant has been provided the following data for the past month: Birdhouse Models Quantity Produced Total Machine Hours Total Labor Hours Basic 100 10 25 Standard 100 20 40 Deluxe 25 40 60 The Spend pools are provided as: Material: $3000 Direct Labor: $5000 Overhead: $2000 If Overhead is allocated based on the activity of Quantity Produced, how much of the $2,000 cost will be allocated to the Deluxe Birdhouse? • Question 4 0.4 out of 0.4 points Standard costing and budgeting systems create variances which enables managers to use management by exception principles. Which of the following is true about management by exception? • Question 5 0.4 out of 0.4 points Match each cost to its cost driver.