Managerial utility - Study guides, Class notes & Summaries

Period costs Correct Answer Costs that are matched with the revenue of a specific time period and charged to expense as incurred. Indirect labor Correct Answer Work of factory employees that has no physical association with the finished product, or it is impractical to trace the costs to the goods produced. Product costs Correct Answer Costs that are a necessary and integral part of producing the finished product. Manufacturing overhead Correct Answer costs that are indirectly associate...

g raw materials into finished goods. manufacturing overhead - answeridentify: Factory supervisor's salary period costs - answeridentify: Supplies for the general office direct materials - answeridentify: Rubber latex purchased for the use in the manufacture of automobile tires period costs - answeridentify: advertising manufacturing overhead - answeridentify: Rent on factory equipment period costs - answeridentify: Utility cost for the store period costs - answeridentify: Salary paid to...

What are the three areas of finance? - ANSWER-Business finance (Also known as managerial finance, financial management and organizational finance) Investments Financial institutions What is the main difference between finance and accounting? - ANSWER-Finance is forward-looking, accounting is backward-looking What does the term "utility" mean when referring to personal finance? - ANSWER-The total satisfaction received from consuming goods and services What is the goal of business...

Test Bank for Leadership Roles and Management Functions in Nursing 9th Edition by Bessie L Marquis & Carol Huston : Unit I: The Critical Triad: Decision Making, Management, and Leadership 1 Decision Mak ng, Problem Solving, Critical Thinking, and Clinical Reasoning: Requisites for Successful Le adership and Management Introduction Decision Making, Problem Solving, Critical Thinking, and Clinical Reasoning Vicarious Learning to Increase Problem-Solving and Decision-Making Skills Case Studies, Si...

period costs - Costs that are matched with the revenue of a specific time period and charged to expense as incurred. indirect labor - Work of factory employees that has no physical association with the finished product, or it is impractical to trace the costs to the goods produced. product costs - Costs that are a necessary and integral part of producing the finished product. manufacturing overhead - costs that are indirectly associated with the manufacture of the finished product. m...

ACCT 526 MIDTERM Questions & Answers 100All of the following are steps outlined by the Institute of Management Accountants (IMA) for resolving ethical conflicts except: Select one: a. None of these b. following the policies of the organization for resolving ethical conflicts c. consulting an objective advisor such as an attorney d. bringing the matter to the attention of local news agencies e. presenting the matter to the audit committee, if a satisfactory resolution is not reached by all...

period costs - ANSWERSCosts that are matched with the revenue of a specific time period and charged to expense as incurred. indirect labor - ANSWERSWork of factory employees that has no physical association with the finished product, or it is impractical to trace the costs to the goods produced. product costs - ANSWERSCosts that are a necessary and integral part of producing the finished product. manufacturing overhead - ANSWERScosts that are indirectly associated with the manufacture o...

All of the following are steps outlined by the Institute of Management Accountants (IMA) for resolving ethical conflicts except: Select one: a. None of these b. following the policies of the organization for resolving ethical conflicts c. consulting an objective advisor such as an attorney d. bringing the matter to the attention of local news agencies e. presenting the matter to the audit committee, if a satisfactory resolution is not reached by all higher levels of management Correct Ans...

STUDY MATERIAL FOR B.C.A COMPUTER GRAPHICS SEMESTER -VI, ACADEMIC YEAR 2020 - UNIT - I APPLICATIONS OF COMPUTER GRAPHICS Applications of Computer Graphics: Computer graphics deals with creation, manipulation and storage of different typeof images and objects. Some of the applications of computer graphics are: Computer Art: Using computer graphics we can create fine and commercial art which include animation packages, paint packages. These packages provide facilities for designing obj...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...