ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505)
Chamberlain College Of Nursng
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ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505)
- Exam (elaborations) • 22 pages • 2021
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Exam (elaborations) ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505)
ALL AC505 Week 4 Midterm
SET 1
QUESTION 1:
Wages paid to a timekeeper 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
QUESTION 2:
A cost incurred in the past that is not relevant to any current decision is classified as a(n):
period cost.
opportunity cost.
sunk co...
Exam (elaborations)
ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505)
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Exam (elaborations) ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505) ALL AC505 Week 4 Midterm SET 1 QUESTION 1: Wages paid to a timekeeper 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 QUESTION 2: A cost incurred in the past that is not relevant to any current decision is classified as a(n): period cost. opportunity cost. sunk co...
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