ACCT505
Devry University
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4 SETS ACCT505 MIDTERM EXAM
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4 SETS ACCT505 MIDTERM EXAM
ALL AC505 Week 4 Midterm
SET 1
QUESTION 1:
Wages paid to a timekeeper in a factory are a:
• Prime Cost YES.....Conversion Cost NO
• Prime Cost YES.....Conversion Cost YES
• Prime Cost NO....Conversion Cost NO
• Prime Cost NO.....Conversion Cost YES
QUESTION 2:
A cost incurred in the past that is not relevant to any current decision is classified as a(n):
• period cost.
• opportunity cost.
• sunk cost.
• differential cost.
QUESTION 3:
In...
Exam (elaborations)
4 SETS ACCT505 MIDTERM EXAM
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4 SETS ACCT505 MIDTERM EXAM ALL AC505 Week 4 Midterm SET 1 QUESTION 1: Wages paid to a timekeeper in a factory are a: • Prime Cost YES.....Conversion Cost NO • Prime Cost YES.....Conversion Cost YES • Prime Cost NO....Conversion Cost NO • Prime Cost NO.....Conversion Cost YES QUESTION 2: A cost incurred in the past that is not relevant to any current decision is classified as a(n): • period cost. • opportunity cost. • sunk cost. • differential cost. QUESTION 3: In...
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