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acc 241 exam 2 questions and answers 100% pass
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acc 241 exam 2 questions and answers 100% pass
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TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIODOWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
acc 241 exam 2 questions and answers \
100% pass
using a three-step sequential process that include molding, coloring and finishing. At
what stage would the ping pong balls be allocated manufacturing overhead? -
✔️✔️Correct-all of the above
direct labor costs plus manufacturing overhead costs equal - ✔️✔️Correct-conversion
costs
which of the following is unique to a process costing system - ✔️✔️Correct-each process
has its own WIP account
a costing system used by a company producing custom window treatments would be -
✔️✔️Correct-job costing
when the balls and associated costs are transferred from the molding process to the
coloring process, which account is credited - ✔️✔️Correct-WIP molding
is true with respect to variable costs per unit - ✔️✔️Correct-they will remain the same as
production levels change within the relevant range
total fixed cost $200,000. total cost, both fixed and variable, are $550,000 if 100,000
units are produced. The variable cost per unit is - ✔️✔️Correct-3.50/unit
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