Accounting 526 final - Study guides, Class notes & Summaries

Accounting 526 Final Exam Questions With Complete Solutions

Focuses on the effect of alternative courses of action on the relevant revenues and costs correct answer incremental analysis Amount of increase or decrease in revenue expected from a course of action as compared with alternative correct answer relevant revenue Amount of increase or decrease in cost that is expected from a course of action as compared with an alternative correct answer relevant cost Cost that have been incurred in the past and are not relevant to a decision correct answ...

Accounting 526 Final Questions and Answers 100% Accurate!! change in proportion to changes in volume (ex: as volume increases, total variable cost increases); cost per unit remains constant - ANSWERSvariable cost total cost stays the same when volume changes/increases; cost per unit decreases when volume increases - ANSWERSfixed cost a mathematical equation used to predict total cost at various level volume; only valid within the relevant range - ANSWERScost equation Formula for cost...

change in proportion to changes in volume (ex: as volume increases, total variable cost increases); cost per unit remains constant - ANSWERSvariable cost total cost stays the same when volume changes/increases; cost per unit decreases when volume increases - ANSWERSfixed cost a mathematical equation used to predict total cost at various level volume; only valid within the relevant range - ANSWERScost equation Formula for cost equation? - ANSWERSY = v(x) + f Y= total mixed cost V= vari...

Accounting 526 Final Exam Questions & Answers 100% Verified!! focuses on the effect of alternative courses of action on the relevant revenues and costs - ANSWERSIncremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - ANSWERSRelevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - ANSWERSRelevant Cost cost that have been incurred in the pa...

Accounting 526 Final Exam 2024 Questions & Answers(Rated A+) focuses on the effect of alternative courses of action on the relevant revenues and costs - ANSWERSIncremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - ANSWERSRelevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - ANSWERSRelevant Cost cost that have been incurred in the pas...

focuses on the effect of alternative courses of action on the relevant revenues and costs - ANSWERSIncremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - ANSWERSRelevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - ANSWERSRelevant Cost cost that have been incurred in the past and are not relevant to a decision - ANSWERSSunk Cost the b...

Focuses on the effect of alternative courses of action on the relevant revenues and costs Correct Answer Incremental Analysis Amount of increase or decrease in revenue expected from a course of action as compared with an alternative Correct Answer Relevant Revenue Amount of increase or decrease in cost that is expected from a course of action as compared with an alternative Correct Answer Relevant Cost Cost that have been incurred in the past and are not relevant to a decision Correct A...

focuses on the effect of alternative courses of action on the relevant revenues and costs Incremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative Relevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative Relevant Cost cost that have been incurred in the past and are not relevant to a decision Sunk Cost the benefit lost when choosing one course of acti...