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