Acct ch 1 - Study guides, Class notes & Summaries
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ACCT CH 11 100% SOLUTION
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Select the true statement: 
 
a.	As volume increases fixed cost per unit remains constant. 
 
b.	As volume increases variable cost per unit increases. 
 
c.	As volume decreases fixed cost per unit increases. 
 
d. As volume increases variable cost per unit decreases. - ANSWER c. As volume 
decreases fixed cost per unit increases.	 
 
The graph below depicts Dove Company's monthly warehouse rental cost. 
 
(Graph with straight horizontal line parallel to X axis) 
 
Based on the g...
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ACCT 201 CH.1 CSULB fully solved 2024/2025
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ACCT 201 CH.1 CSULBsole proprietorship - correct answer A business owned by one person. shared control, tax advantages, increased skills and resources 
 
partnership - correct answer a business owned by two or more people. simple to set up and maintains control with owner 
 
corporation - correct answer A business that is owned by many investors. easier to transfer ownership and raise funds, no personal liability 
 
operating activity - correct answer Activity that creates cash inflows or outflo...
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ACCT ASP Ch. 1 100% SOLUTION
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ACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information? 
A. The government 
B. A creditor 
C. An investor 
D. A manager - ANSWER D 
Which of the following is not accurate when it pertains to managerial accounting? 
A. Uses both financial accounting inform...
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ACCT 201 CH.1 CSULB questions and answers verrified 2024
- Exam (elaborations) • 4 pages • 2024
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ACCT 201 CH.1 CSULB questions and answers verrified 2024
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UTSA ACCT 2033 Exam 1 (CH 1, 2, & 4) | 30 Questions with 100% Correct Answers | Updated & Verified
- Exam (elaborations) • 13 pages • 2022
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For each of the following independent cases A-D, compute the missing values: - 
A - COGM = TCMC+(BWIP-EWIP) 
B - BWIP = (COGM+EWIP)-TCMC 
C - TCMC = COGM+(EWIP-BWIP) 
D - EWIP = (TCMC+BWIP)-COGM 
Match each of the following characteristics that describe financial accounting, managerial 
accounting, both financial and managerial accounting, or neither financial nor managerial 
accounting. 
Financial accounting 
Managerial accounting 
Both financial and managerial accounting 
Neither financial no...
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Acct ch. 1 100% SOLUTION
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Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electri...
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ACCT ASP Ch. 1 100% SOLUTION
- Exam (elaborations) • 6 pages • 2023
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Available in package deal
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ACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information? 
A. The government 
B. A creditor 
C. An investor 
D. A manager - ANSWER D 
Which of the following is not accurate when it pertains to managerial accounting? 
A. Uses both financial accounting inform...
-
ACCT 4a Ch 1 Dsm Exam With Correct Questions And Answers 2024
- Exam (elaborations) • 3 pages • 2024
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ACCT 4a Ch 1 Dsm Exam With Correct Questions And Answers 2024
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ACCT CH 11 100% SOLUTION
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
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- $11.49
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ACCT CH 11 100% 
SOLUTION 
Select the true statement: 
a. As volume increases fixed cost per unit remains constant. 
b. As volume increases variable cost per unit increases. 
c. As volume decreases fixed cost per unit increases. 
d. As volume increases variable cost per unit decreases. - ANSWER c. As volume 
decreases fixed cost per unit increases. 
The graph below depicts Dove Company's monthly warehouse rental cost. 
(Graph with straight horizontal line parallel to X axis) 
Based on the gra...
-
Acct ch. 1 100% SOLUTION
- Exam (elaborations) • 7 pages • 2023
-
Available in package deal
-
- $10.99
- + learn more
Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electri...
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