ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS (ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS)

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ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS
Exam (elaborations) • 8 pages • 2021

ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS 1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a : Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. : Chapter 2 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n) : period cost. incremental cost. opportunity cost. None of the above : Chapte...