ACTG-6144 - Cost Accounting and Control oed answer key

Showing 41 to 60 of 101 total answers.

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Awesome StudentQuestion • Cost Accounting and Control

It is the point of activity level where total revenue is equal to total cost

Answer

break-even point

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Awesome StudentQuestion • Cost Accounting and Control

Businesses are established because owners are just after the break-even point.

Answer

FALSE

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Awesome StudentQuestion • Cost Accounting and Control

Cost accounting serves as a bridge between financial and managerial accounting.

Answer

TRUE

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Awesome StudentQuestion • Cost Accounting and Control

Financial accounting is most concerned with meeting the needs of external users.

Answer

TRUE

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Awesome StudentQuestion • Cost Accounting and Control

To be able to answer the following questions, kindly refer to the problem below:

Answer

1,500 units

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Awesome StudentQuestion • Cost Accounting and Control

Managerial accounting is most concerned with meeting the needs of internal users.

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Awesome StudentQuestion • Cost Accounting and Control

The Graphic Approach is the widely used method in calculating the break-even point.

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Awesome StudentQuestion • Cost Accounting and Control

Consumption ratios are useful in determining the existence of product-line diversity.

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Awesome StudentQuestion • Cost Accounting and Control

The need of independent examination and verification process for financial accounting

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Awesome StudentQuestion • Cost Accounting and Control

Within the relevant range, the two main cost behaviors are direct and indirect costs.

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Awesome StudentQuestion • Cost Accounting and Control

The estimates used to calculate the predetermined overhead rate will virtually always:

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Awesome StudentQuestion • Cost Accounting and Control

The need of independent examination and verification process for managerial accounting

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Awesome StudentQuestion • Cost Accounting and Control

It is in the planning phase where the problems and issues of the company are identified.

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Awesome StudentQuestion • Cost Accounting and Control

Using the high-low method of separating mixed costs, what is the variable cost per unit?

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Awesome StudentQuestion • Cost Accounting and Control

Based on the preceding number, compute the fixed cost element (to the nearest whole peso)

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Awesome StudentQuestion • Cost Accounting and Control

How much is the factory overhead cost per unit for Computer under activity-based costing?

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Awesome StudentQuestion • Cost Accounting and Control

Product Costs are always presented in the income statement as part of cost of goods sold.

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Awesome StudentQuestion • Cost Accounting and Control

Break-even Point is the point of activity level where total revenue is equal to total cost.

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Awesome StudentQuestion • Cost Accounting and Control

Managerial accounting is most concerned with addressing the needs of the company as a whole.

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