How Are the Following Interview Questions Organized?​

question 19

Multiple Choice

How are the following interview questions organized?​
"Tell me about your last position."
"What were your main accomplishments?"
"Did you save the company any money?"
"How much?"
"Which was your greatest accomplishment: saving money for the company or improving employee satisfaction through new management techniques?"

• A)Funnel sequence.
• B)Inverted funnel sequence.
• C)Hourglass sequence.
• D)Diamond sequence.  

Understand the concept of overhead cost allocation and its significance in managerial decision-making.

Identify and describe the difference between plantwide overhead rate, departmental overhead rate, and activity-based costing (ABC) methods.

Recognize the advantages and disadvantages of using a plantwide overhead rate for overhead cost allocation.

Understand the concept of cost pools and how they are used in overhead cost allocation.

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Definitions:

Factory Utility Cost

The expense associated with the utilities consumed in the production process, such as electricity, gas, and water.

Mixed Cost

A cost composed of a fixed component and a variable component that changes with the level of activity or production.

High-low Method

An approach used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.

Utility Cost

The expense incurred for using utilities such as electricity, water, and natural gas in a business operation.