Acct505 Study guides, Class notes & Summaries
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4 SETS ACCT505 MIDTERM EXAM
- Exam (elaborations) • 24 pages • 2021
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4 SETS ACCT505 MIDTERM EXAM 
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 cost. 
• differential cost. 
QUESTION 3: 
In...
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4 SETS ACCT505 MIDTERM EXAM
- Exam (elaborations) • 24 pages • 2021
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- $14.49
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4 SETS ACCT505 MIDTERM EXAM
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4 SETS ACCT505 MIDTERM EXAM
- Exam (elaborations) • 24 pages • 2021
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4 SETS ACCT505 MIDTERM EXAM
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ACCT 505 WEEK 8 FINAL EXAM GUIDE
- Exam (elaborations) • 11 pages • 2021
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ACCT 505 WEEK 8 FINAL EXAM GUIDE
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ACCT 505 WEEK 6 QUIZ-2
- Exam (elaborations) • 8 pages • 2022
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ACCT 505 WEEK 6 QUIZ-2
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ACCT 505 FINAL EXAM GUIDE (NEW) SET 3
- Exam (elaborations) • 8 pages • 2021
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ACCT 505 FINAL EXAM GUIDE (NEW) SET 3
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4 SETS ACCT505 MIDTERM EXAM | ALL ANSWERS ARE CORRECT
- Exam (elaborations) • 24 pages • 2021
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4 SETS ACCT505 MIDTERM EXAM 
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 cost. 
•	differential cost. 
QUESTION ...
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DeVry University, Chicago - ACCT505/ACCT 505 Final Exam
- Exam (elaborations) • 11 pages • 2021
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Week 8: Final Exam - Final Exam 
1. (TCO E) Complying with regulations is a(n) (Points : 5) 
 batch-level activity. 
 product-level activity. 
 unit-level activity. 
 organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $90,000 
Net operating income $18,000 
Contribution margin $40,000 
Average operating assets $100,000 
Stockholder's equity $250,000 
(Points : 5) 
 7.2% 
 20.0% 
 18.0% 
 44.4% 
Page 2 
1. (TCO C) Madlem, Inc., produces and sells a...
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ACCT 505 WEEK2 QUIZ
- Exam (elaborations) • 3 pages • 2021
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ACCT 505 WEEK2 QUIZ
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