The strategic role of cost allocation is linked to four objectives (Blocher, Stout, and Cokins, 2010: 232):

1. Determine accurate departmental and product costs as a basis for the evaluation of the cost efficiency of departments and the profitability of different products, for financial reporting, and for tax compliance.

2. Motivate executives for a high level of effort to achieve the goals targeted by senior management.

3. Right incentives are provided to the managers in order to make a decision consistent with the objectives of the senior management.

4. Identify the fairly rewards that managers earn for their effectiveness in their decisions.

The correct answer is question E. Financial accounting focuses on external reporting that is directed by authoritative guidelines. Therefore, financial accounting provides information to external users. 

Piece-based system is also known as "accord system".

In step-down method, the cost of service departments will be allocated to other service and operating departments depending on whether they provide services or not. In the method, first of all, the support departments should be ranked in the order that the step-down allocation will continue.

The single-rate method does not discriminate between fixed and variable costs. It allocates costs in each cost pool to cost objects using a single charging rate. In contrast, the dual-rate method divides the cost of each support department into two separate pools, variable and fixed. It distributes the cost of each pool by using a different charging rate.

The correct answer is D. Indirect labor costs includes week and holiday payments, over-time premium, night/shift premium, social welfare contributions, health payments, holiday pay, allowances, education and training payments, severance payments, social security premiums and unemployment insurance premiums. 

The strategic role of cost allocation is linked to four objectives: 1. Determine accurate departmental and product costs as a basis for the evaluation of the cost efficiency of departments and the profitability of different products, for financial reporting, and for tax compliance. 2. Motivate executives for a high level of effort to achieve the goals targeted by senior management. 3. Right incentives are provided to the managers in order to make a decision consistent with the objectives of the senior management. 4. Identify the fairly rewards that managers earn for their effectiveness in their decisions.

Assigning responsibility takes place in planning and conrtol.

The correct answer is D. Management accounting provides information to internal users. The areas of management accounting in decision-making can be explained in detail: Developing objectives and plans, performance evaluation and control, allocating resources, determining costs and benefits. 

It should be  Min-Max Plan 

Under premium-based system employee is paid a basic wage and premium for his/her efficient work.

Cost accounting can be defined as a system in which financial data regarding business transactions are collected, classified, recorded, evaluated and reported for the following three purposes:
• To find the cost of product or service,
• Planning and controlling activities,
• Decision-making process.

Wage is defined in the Labor Act of Turkey
Law no. 4857 by Article 32 as follows; “Wage
is, in general terms, the amount of money to
be paid in cash by an employer or by a third
party to a person in return for work performed
by him”

ıt should be Weighted Average Cost

The correct answer is B. Idle time labor costs are regarded as indirect labor costs. Idle time refers to wages paid for an unproductive time caused by several ordinary and extraordinary reasons.