Wgu c253 accounting - Study guides, Class notes & Summaries

Absorption costing - Correct Answer A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in unit product costs. Activity - Correct Answer An event that causes the consumption of overhead resources in an organization. Activity base - Correct Answer A measure of whatever causes the incurrence of a variable cost. For example, the total cost of surgical gloves in a hospital will increase as the nu...

WGU C253 Advanced Managerial Accounting, Questions and answers, 100% Accurate. VERIFIED. Material Overhead Rate (Labor Hours) - -Estimated Overhead/Estimated Labor Hours Cost Per Part - -(Direct Materials + Direct Labor + (overhead rate * amount of overhead))/units COGS - -(Beg. Materials+Purchased Materials+End Materials)+Direct Labor+(Overhead for Labor)+(Beg work in process-End work in process) Predetermined Overhead Rate - -Estimated total manufacturing overhead/Estimated total amo...

WGU C253 Managerial Accounting / wguc253 managerial accounting EXAM NEWEST 2024 ACTUAL EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+WGU C253 Managerial Accounting / wguc253 managerial accounting EXAM NEWEST 2024 ACTUAL EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+WGU C253 Managerial Accounting / wguc253 managerial accounting EXAM NEWEST 2024 ACTUAL EXAM TEST BANK QUESTIONS AND CORRECT DETAI...

WGU C253 Managerial Accounting / wguc253 managerial accounting EXAM NEWEST 2024 ACTUAL EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+

WGU C253 Managerial Accounting / wguc253 managerial accounting EXAM NEWEST 2024 ACTUAL EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+

Financial accounting - CORRECT ANSWER ️ concerned with reporting financial information to external parties (stockholders, creditors, and regulators) Managerial accounting - CORRECT ANSWER ️ concerned with providing information to managers within an organization so that they can formulate plans, control operations, and make decisions Purposes of cost classification: -assigning costs to cost objects -predicting cost behavior -preparing financial statements - CORRECT ANSWER ️ as...

WGU C253 Managerial Accounting / wguc253 managerial accounting EXAM NEWEST 2024 ACTUAL EXAM TEST BANK QUESTIONS AND CORRECT DETAILED ANSWERS VERIFIED ANSWERS ALREADY GRADED A+

(WGU C253) ACCT 5300 Advanced Managerial Accounting Objective Assessment Guide Q & A(WGU C253) ACCT 5300 Advanced Managerial Accounting Objective Assessment Guide Q & A

WGU Advanced Managerial Accounting - C253 Industrial Refrigeration Ammonia exam questions

Activity Base - CORRECT ANSWER ️ a measure of whatever causes the incurrence of a variable cost Activity Base (example) - CORRECT ANSWER ️ The total cost of surgical gloves in a hospital will increase as the number if surgeries increases. Therefore, the number of surgeries is the activity base that explains the total cost of surgical gloves Administrative Costs - CORRECT ANSWER ️ All executive, organizational, and clerical costs associated with the general management of an ...