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COMM 305 CHAPTER 2 FINAL EXAM 2023 CONCORDIA UNIVERSITY $10.49   Add to cart

Exam (elaborations)

COMM 305 CHAPTER 2 FINAL EXAM 2023 CONCORDIA UNIVERSITY

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COMM 305 CHAPTER 2 FINAL EXAM 2023 CONCORDIA UNIVERSITY CHAPTER 2 Question 1 Correct answer. Your answer is correct. Both direct material cost and indirect material cost are product costs. Entry field with correct answer True False Question 2 Your answer is correct. ...

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  • May 11, 2023
  • 20
  • 2022/2023
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COMM 305 CHAPTER 2 FINAL
EXAM 2023 CONCORDIA
UNIVERSITY
CHAPTER 2

Question 1



Correct answer. Your answer is correct.



Both direct material cost and indirect material cost are product costs.



Entry field with correct answer

True

False


Question 2

Your answer is correct.

Raw materials are equal to direct materials.



True




False




Question 3

Your answer is correct.

The total cost of a finished product generally contains equal amounts of material, labour, and
manufacturing overhead costs.



True

,False

, Question 4

Your answer is correct.

Indirect materials and indirect labour are both period costs.



True




F
a
l
s
e



Question 5

Your answer is correct.

Product costs are inventoriable costs.



True




False




Question 6

Your answer is correct.

Fixed costs appear to vary on a per-unit basis but are fixed in total.



True




False

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