Exam (elaborations)
AC642- Test One - Fall 2023 Questions And Answers Latest Update
- Course
- AC642
- Institution
- Boston University
AC642- Test One - Fall 2023 Questions And Answers Latest Update
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Solution 2024/2025Pepper
AC642- Test One - Fall 2023 Questions And
Answers Latest Update
Weakness of the high-low method include all of the following EXCEPT ?
The method is relatively complex and difficult to apply - its easy
Internal reports are generally
Detailed
The reporting standard for external financial reporting is
Generally accepted accounting principles
Which of the following does not describe a cost management system ?
Externally focused
Disclosing all information, unfavorable as well as favorable, that could
influence an intended users understanding of reports, would relate to what
section of the IMA code of conduct?
Credibility
In resolving an ethical conflict, which of the following would never be
appropriate
Taking the matter to the press where there is no legal requirement.
For a manufacturing company, which of the following is example of a period
cost rather than a product cost ?
Wages of a salesperson
Manufacturing overhead cost consist of all cost -
Other than direct materials - Direct labor
Which of the following does not appear on the balance sheet of a
manufacturing company ?
, Solution 2024/2025
Pepper
Cost if good manufactured
Sales commissions are classified as?
as period cost.
Cost of goods sold equals cost of goods manufactured when ?
Finished goods remain constant
Manufacturing cost include -
Direct materials , direct labor , and manufacturing overhead
Which of the following costs would be included as part as direct materials in
the production of an automobile ?
Engine
Direct cost that cannot be classified as either direct materials or direct labor
are known as
Manufacturing overhead
A company has purchased some steel to use in the production of steel
railings , if they steel has not been put into production , it would be
classified as ?
Direct materials inventory
Which one of the following costs would not be inventorial?
Period cost
Both direct materials and indirect materials are?
Raw materials
A cost that remains constant per unit at various levels of activity?
is a Variable cost
A cost behavior analysis is a study of how a firms costs?
Responds to changes in the level of business activity
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