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Test Bank for Managerial Accounting for Managers, 6th Edition by Eric Noreen

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Test Bank for Managerial Accounting for Managers 6e 6th Edition by Eric Noreen, Peter Brewer and Ray Garrison. Full Chapters test bank included = Ch 1 to 12. Chapter 1: Managerial Accounting and Cost Concepts Chapter 2: Cost‐Volume‐Profit Relationships Chapter 3: Job‐Order Costing: Cal...

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  • July 5, 2023
  • 2523
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • Managerial Accounting
  • Managerial Accounting

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Chap 01 6e
1) Which of the following statements are true?
1. A factory supervisor's salary would be classified as an indirect cost with respect to a unit
of product.
2. A direct cost is a cost that can be easily traced to the particular cost object under
consideration.
3. A cost can be direct or indirect. The classification can change if the cost object changes.
A) Only statement 1 is true.
B) Statements 1 and 2 are true.
C) All of the statements are true.
D) None of the statements are true.



2) Which of the following statements are true?
1. Wages paid to production supervisors would be classified as manufacturing overhead.
2. Indirect costs, such as manufacturing overhead, are variable costs.
3. Selling costs are indirect costs.
4. Administrative costs are indirect costs.
A) Only statement 1 is true.
B) Statements 1 and 3 are true.
C) All statements are true.
D) None of the statements are true.



3) Which of the following statements are true?
1. The sum of all manufacturing costs except for direct materials and direct labor is called
manufacturing overhead.
2. The three cost elements ordinarily included in product costs are direct materials, direct
labor, and manufacturing overhead.
A) Only statement 1 is true.
B) Only statement 2 is true.
C) Both of the statements are true.
D) Neither of the statements are true.




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