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

The company's normal operating range is referred to as the operating cycle.

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