(1) Machel Mo. × CH 3 (Pearson, × Normal costin. b hosted cuny edu/webapps asses
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(1) Machel Mo. × CH 3 (Pearson, × Normal costin. b hosted cuny edu/webapps assessment/take launch sp?course assessment 5 d= 1128835 &course; id- 524621 18content id QUESTION 22 Margin of safety is: Budgeted(or actual) revenues-Breakeven revenues The breakeven point O How safe an organization's work area is O Both (b) (c) QUESTION 23 Normal costing is a costing system that allocates indirect costs based on the actual indirect-cost rates times the actual quantities of the cost-allocation bases. This statement i.... False True QUESTION 24 Operating Leverage describes the effects that O variable costs have on changes in operatigg income as changes occur in units sold and contribution margin O Direct costs have on changes in operating income as changes occur in units sold and contribution margin. fixed costs have on changes in operating income as changes occur in units sold and contribution margin. O total costs have on changes in operating income as changes occur in units sold and contribution margin. UESTION Click Save and Submit to save and submit. Click Save All Answers to save all answers. 25Explanation / Answer
Answer 23: FALSE
Reason:
Normal costing is a costing system that allocates the indirect costs based on the budgeted indirect cost rates times the actual quantities of the cost allocation bases, not on the base of actual indirect cost rates.
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