PACKAGE DEAL FOR ACCT 526 Questions and Answers 100

ACCT-526: Final Questions And Answers 100% Correct!! CHAPTER 7- CENGAGE PRACTICE - ANSWERS Which of the following is true of the break-even point? - ANSWERSIt is the point where total revenue equals total cost. Marc Company sells a product for $20, incurs a variable cost of $12 per unit, an...

ACCT 526 CH. 11 Questions and Answers 100% Accurate!! False - ANSWERSThe length of time it takes to produce a unit of output from the time raw materials are received (starting point) until the product is delivered to finished goods inventory (finishing point) is called responsiveness time. Tru...

Accounting 526 Final Questions and Answers 100% Accurate!! change in proportion to changes in volume (ex: as volume increases, total variable cost increases); cost per unit remains constant - ANSWERSvariable cost total cost stays the same when volume changes/increases; cost per unit decreases ...

ACCT 526 - Ch. 9 Exam 100% Accurate! Budgets can be improved as performance measures by: a. using fixed budgeting. b. using participative budgeting. c. setting standards that are either too high or too low. d. holding managers accountable for noncontrollable costs. - ANSWERSb. using partici...

ACCT 526 final Exam 1005 Accurate!!A cost that is variable in nature but whose rate of change is not constant is called a: ant variable cost. etionary variable cost. -variable cost. tted variable cost. - ANSWERS-variable cost. Which of the following is an example of a variable cost for a manu...

ACCT 526 Final Exam Terminology 100% Accurate!! Cost Behavior - ANSWERSthe way in which a cost changes when the level of output changes. Cost Driver - ANSWERSa causal factor that measures the output of the activity that leads (or causes) costs to change. Relevant Change - ANSWERSthe range of ...

ACCT 526 midterm Questions and Answers 10period costs - ANSWERSCosts that are matched with the revenue of a specific time period and charged to expense as incurred. indirect labor - ANSWERSWork of factory employees that has no physical association with the finished product, or it is impractical t...

Accounting 526 Midterm Questions and Answers 100% Accurate! Identify a true statement about the controller of an organization. a.The controller has only indirect responsibility for an organization's basic objectives. b.The controller participates in the decision-making activity of managerial a...

ACCT 526 Midterm Questions And Answers 100% Correct! Describe a financial accountant. - ANSWERSprovides historical information to external users in accordance with GAAP Describe a managerial accountant. - ANSWERS- provides detailed financial information and nonfinancial information to internal...

ACCT 526 MidTerm Questions and Answers 100% Accurate! product costs - ANSWERSconsist of the three elements of manufacturing cost: DM, DL, MOH period costs - ANSWERScosts that are expenses in the period in which they are incurred income statement - ANSWERSwhere are the period costs found ma...

Acct 526 Midterm Exam 100% Correct!! Managerial accounting is the provision of accounting for a company's external users.T or F? - ANSWERSFalse Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks or opportunities are ...

ACCT 526 MIDTERM Questions & Answers 100All of the following are steps outlined by the Institute of Management Accountants (IMA) for resolving ethical conflicts except: Select one: a. None of these b. following the policies of the organization for resolving ethical conflicts c. consulting an ob...

Acct 526 Midterm Exam Questions and A The process of choosing among competing alternatives is called - ANSWERSdecision making Adriana Alvarado has decided to purchase a personal computer. She has narrowed the choices to two: Drantex and Confiar. Both brands have the same processing speed, 6.4 gi...

Accounting 526 Midterm {Meyer}100% CorTrue or False: Managerial accounting is the provision of accounting for a company's external users. - ANSWERSfalse True or False: Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risk...