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8/25/24, 4:17 AMACCT 526 FINAL
Jeremiah
Practice questions for this set
Terms in this set (33)
Overhead costs are assigned to production overhead is an indirect cost which cannot be traced easily and directly to specific units
using an overhead application rate, whereas of a product
no such application rate is used to assign the
costs of direct materials and direct labor to
production. the reason for this difference in
ACCT 526 FINAL
an advantage of using regression analysis regression analysis is a more precide approach than the high-low or scattergraph
over the high low and scattergraph methods methods
is that
an example of a discretionary fixed cost is: management training
when comparing a traditional income net income will always be identical on both
statement to a contribution margin income
statement:
syndeer corportation, which produces and contribution margin will be unchanged and the break even point will increase
sells a single product, recently experienced
an increase in fixed cost relating to
depreciation on new equipment. if variable
cost and sales prices remain unchanged,
what will happen to contribution margin and
the break even point?
45% of the companys revenue is available to cover fixed costs and to contribute
a 45% contribution margin ratio means that:
towards the operating income
in a decision to retain or replace equipment, sunk cost
the book value of the old equipment is a:
which of the following are risks of all of these are risks of outsourcing! (Unscheduled price increase, unreliable delivery,
outsourcing the production of a part? unpredictable quality.)
if a plant is operating at full capacity and the order will likely be rejected
receives a one time opportunity to accept an
order at a special price below its usual price
then:
a job order cost system traces direct material requisitions
materials cost to a particular job by means
of:
in a manufacturing company, the cost of the beginning inventory of work increase of work in progress, plus total manufacturing
goods is equal to : costs, less the ending inventory of work in progress
the flow of costs in job order costing: parallels the physical flow of materials as they are converted into finished goods
in a job order cost system, the amount of is a part of the ending balance of the work in process inventory account
overhead cost that has been applied to a job
that remains incomplete at the end of a
period:
procedures is that:
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