ACTG-6144 - Cost Accounting and Control oed answer key
Showing 21 to 40 of 101 total answers.
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Awesome StudentQuestion • Cost Accounting and Control
Which of the following defines variable cost behavior?
Answer
increases constant remains
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Awesome StudentQuestion • Cost Accounting and Control
Generally speaking, cost accounting can be defined as a
Answer
Internal reporting system that provides product costing and other information used by managers in performing their functions
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Awesome StudentQuestion • Cost Accounting and Control
Net Income is the amount available to cover fixed costs
Answer
FALSE
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Awesome StudentQuestion • Cost Accounting and Control
All of the following are examples of product costs except:
Answer
depreciation on the company's retail outlets
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Awesome StudentQuestion • Cost Accounting and Control
Using the high-low method, compute the variable cost element
Answer
Using the high-low method, compute the variable cost element
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Awesome StudentQuestion • Cost Accounting and Control
Inventoriable costs that have become expenses can be found in:
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Awesome StudentQuestion • Cost Accounting and Control
ABC Corporation has the following data for use of its machinery
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Awesome StudentQuestion • Cost Accounting and Control
Prime cost is the sum of direct labor and manufacturing overhead.
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Awesome StudentQuestion • Cost Accounting and Control
External parties and management uses product cost information for:
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Awesome StudentQuestion • Cost Accounting and Control
At Break-even Point, there could either be a net income or net loss.
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Awesome StudentQuestion • Cost Accounting and Control
Which of the following statements about cost accounting is not true?
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Awesome StudentQuestion • Cost Accounting and Control
Q: What should be the actual unit sales to realize the desired profit?
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Awesome StudentQuestion • Cost Accounting and Control
The emphasis of information of managerial accounting is past oriented.
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Awesome StudentQuestion • Cost Accounting and Control
The emphasis of information of financial accounting is future oriented.
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Awesome StudentQuestion • Cost Accounting and Control
Activity-based costing systems have a tendency to distort product costs.
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Awesome StudentQuestion • Cost Accounting and Control
One major difference between financial and management accounting is that
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Awesome StudentQuestion • Cost Accounting and Control
Product Costs can either be presented in the balance or income statement
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Awesome StudentQuestion • Cost Accounting and Control
Q: How much should be the actual peso sales to realize the desired profit?
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Awesome StudentQuestion • Cost Accounting and Control