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TEST BANK For Managerial Accounting | Managerial Accounting-Managerial Accounting7th Edition by Braun & Tietz ALL QUESTIONS AND ANSWERS, ISBN: 9780137858514, All 15 Chapters Covered, Verified Latest Edition| A+ GRADE| APPROVED ANSWERS | 100% VERIFIED$12.49
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TEST BANK For Managerial Accounting | Managerial Accounting-Managerial Accounting7th Edition by Braun & Tietz ALL QUESTIONS AND ANSWERS, ISBN: 9780137858514, All 15 Chapters Covered, Verified Latest Edition| A+ GRADE| APPROVED ANSWERS | 100% VERIFIED
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Course
Managerial Accounting | Managerial
Institution
Managerial Accounting | Managerial
TEST BANK For Managerial Accounting |
Managerial Accounting-Managerial
Accounting7th Edition by Braun & Tietz ALL QUESTIONS AND ANSWERS, ISBN:
9780137858514, All 15 Chapters Covered,
Verified Latest Edition| A+ GRADE|
APPROVED ANSWERS | 100% VERIFIED|
TEST BANK For Managerial Accounting...
TEST BANK For Managerial Accounting |
Managerial Accounting-Managerial
Accounting7th Edition by Braun & Tietz ALL
QUESTIONS AND ANSWERS, ISBN:
9780137858514, All 15 Chapters Covered,
Verified Latest Edition| A+ GRADE|
APPROVED ANSWERS | 100% VERIFIED|
Marginal Cost - ANSWER-Extra cost of
producing one additional unit of production.
Kaizan - ANSWER-short term approach to
enhancing efficiency that focuses on improving
an existing process or an activity within a
process
,Unit Cost - ANSWER-The average production
cost per unit
Continuous Improvement - ANSWER-Ongoing
small, incremental improvements in all parts of
an organization
Direct Cost - ANSWER-a cost that can be easily
and conveniently traced to a specified cost
object.
Direct Labor - ANSWER-the labor specifically
used in the creation of a good.
Direct Materials - ANSWER-the materials
specifically used in the creation of a good.
,Manufacturing Overhead - ANSWER-everything
that is indirectly involved with the production
of a good. not direct materials and not direct
labor
Indirect Cost - ANSWER-a cost that cannot be
easily and conveniently traced to a specified
cost object, a part of manufacturing overhead.
Product/ Inventorial Cost - ANSWER-costs that
are a necessary and integral part of producing
the finished product. shows up on the balance
sheet until product is sold.
Period Cost - ANSWER-all non-manufacturing
costs, deducted as an expense in the
accounting period in which they are incurred.
, Sunk Cost - ANSWER-Any cost that has already
been incurred and that cannot be changed by
any decision made now or in the future. It is
never relevant
Variable Cost - ANSWER-a cost that rises or falls
depending on how much is produced. they are
constant.
Fixed Cost - ANSWER-a cost that does not
change, no matter how much of a good is
produced
Differential Cost - ANSWER-A relevant costs:
costs that can be avoided when alternatives are
changed.
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