Test Bank for Managerial Accounting 17th Edition by Garrison 9781260247787
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Course
ACCT
Institution
ACCT
Test Bank, Practice Exam Quizzes for Managerial Accounting 17e 17th Edition by Ray Garrison and Eric Noreen and Peter Brewer. ISBN-10 3 ISBN-13: 7787
Ch. 1: Managerial Accounting and Cost Concepts
Ch. 2: Job-Order Costing: Calculating Unit Product Costs
Ch. 3: Job-Order Costing: Cost Flows an...
Test Bank for Managerial Accounting 17th E Garrison
All Chapters included
Answers given after every chapter
Chapter 01 17e
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) A factory supervisor's salary would be classified as an indirect cost with respect to a unit
of product.
⊚ true
⊚ false
2) A direct cost is a cost that can be easily traced to the particular cost object under
consideration.
⊚ true
⊚ false
3) A cost can be direct or indirect. The classification can change if the cost object changes.
⊚ true
⊚ false
4) Wages paid to production supervisors would be classified as manufacturing overhead.
⊚ true
⊚ false
5) Selling costs are indirect costs.
⊚ true
⊚ false
6) The sum of all manufacturing costs except for direct materials and direct labor is called
manufacturing overhead.
⊚ true
⊚ false
1
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