Acct ch 1 100 solution - Study guides, Class notes & Summaries
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ACCT ASP Ch. 1 100% SOLUTION
- Exam (elaborations) • 6 pages • 2024
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ACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information? 
A. The government 
B. A creditor 
C. An investor 
D. A manager - ANSWER D 
Which of the following is not accurate when it pertains to managerial accounting? 
A. Uses both financial accounting inform...
-
Acct ch. 1 100% SOLUTION
- Exam (elaborations) • 7 pages • 2024
-
- $7.99
- + learn more
Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electri...
-
ACCT ASP Ch. 1 100% SOLUTION
- Exam (elaborations) • 6 pages • 2023
-
Available in package deal
-
- $9.99
- + learn more
ACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information? 
A. The government 
B. A creditor 
C. An investor 
D. A manager - ANSWER D 
Which of the following is not accurate when it pertains to managerial accounting? 
A. Uses both financial accounting inform...
-
Acct ch. 1 100% SOLUTION
- Exam (elaborations) • 7 pages • 2023
-
Available in package deal
-
- $10.99
- + learn more
Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electri...
-
Acct ch. 1 100% SOLUTION/Acct ch. 1 100% SOLUTION
- Exam (elaborations) • 7 pages • 2023
-
- $9.49
- + learn more
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electricity. 
B. straight-line depr...
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-
ACCT ASP Ch. 1 100% SOLUTION
- Exam (elaborations) • 6 pages • 2024
-
- $15.49
- + learn more
ACCT ASP Ch. 1 
100% SOLUTION 
 
Which of the following users is not considered an internal user of accounting information? A. An employee 
B.	A small business owner 
C.	A manager 
D.	A supplier - ANSWER D 
 
Which of the following users is not considered an external user of accounting information? A. The government 
B.	A creditor 
C.	An investor 
D.	A manager - ANSWER D 
 
Which of the following is not accurate when it pertains to managerial accounting? 
A.	Uses both financial a...
-
Acct ch. 1 100% SOLUTION
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
-
- $12.99
- + learn more
Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electri...
-
ACCT ASP Ch. 1 100% SOLUTION
- Exam (elaborations) • 6 pages • 2024
- Available in package deal
-
- $11.99
- + learn more
ACCT ASP Ch. 1 
100% SOLUTION 
Which of the following users is not considered an internal user of accounting 
information? 
A. An employee 
B. A small business owner 
C. A manager 
D. A supplier - ANSWER D 
Which of the following users is not considered an external user of accounting 
information? 
A. The government 
B. A creditor 
C. An investor 
D. A manager - ANSWER D 
Which of the following is not accurate when it pertains to managerial accounting? 
A. Uses both financial accounting inform...
-
Acct ch. 1 100% SOLUTION
- Exam (elaborations) • 7 pages • 2023
- Available in package deal
-
- $8.79
- + learn more
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred.	 
 
B. costs may fluctuate.	 	 
C. cost relationships are valid.	 
D. production may vary. - ANSWER C	 
 
When cost relationships are linear, total variable prime costs will vary in proportion to changes in 
A.	total overhead cost. 
B.	production volume. 
C.	total material cost. 
D.	direct labor hours. - ANSWER B 
 
An example of a fixed cost is A. cost of electricity. ...
-
ACCT ASP Ch. 1 100% SOLUTION
- Exam (elaborations) • 6 pages • 2023
- Available in package deal
-
- $8.99
- + learn more
Which of the following users is not considered an internal user of accounting information? A. An employee 
B.	A small business owner 
C.	A manager 
D.	A supplier - ANSWER D 
 
Which of the following users is not considered an external user of accounting information? A. The government 
B.	A creditor 
C.	An investor 
D.	A manager - ANSWER D
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