ACCT 505 Midterm Exam 4 Sets LATEST 2021 (ACCT505)
Harvard University
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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)
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 cost.
differential cost.
QUESTION 3:
Inve...
Exam (elaborations)
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) 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 cost. differential cost. QUESTION 3: Inve...
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