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Stichworte: cost accounting
Of the following estimates, which most accurately reflect the actual cost of the project?
What federal law requires lenders to fully disclose to consumers the terms and total cost of credit before a credit agreement is finalized?
What type of competitive advantage does a best cost provider strategy aim at achieving?
Is the difference between the price of a good and the cost to make the good on a per product basis and it is usually expressed as a percentage?
Which accounting principle says that business should continue for a long period of time?
Managerial accounting places less emphasis on nonmonetary data than financial accounting
Refer to the exhibit what is the OSPF cost to reach the router A LAN 172.16 10 24 from B
Since pam has chosen to use a cost leadership strategy, what should her production strategy be?
What is the term for extra cost of producing one more unit of output multiple choice question variable costs marginal cost total cost fixed costs?
Which mode of distribution affords the most control over the distribution channels but often at a cost that is not practical?
In decision making which of the following costs is not likely to contain a relevant cost component
The term that refers to costs incurred in the past that are not relevant to a future decision is
Which curves can be plotted on the same graph to reveal any trends toward improving or deteriorating cost performance?
Which estimating technique uses historical data from a similar project as a starting point for creating a time or cost estimate?
Uncollectibles represent a normal cost of business when companies sell goods or services on
Is a branch of accounting that provides information for management accounting and financial accounting?
Which branch of accounting embraces the preparation of various tax returns and tax planning?
Which of the following state that transaction is not recorded in the books of account unless it is measurable in terms of money?
Which area of public accounting means the examination of financial statements by CPA for the purpose of expressing an opinion as to the fairness of the statements?
Which accounting concept relates to the assumption that a company will continue in existence for the foreseeable future?
Which of the following assumptions that underlies the preparation of financial statements assumes that companies will continue their operations over time?
What branch of accounting provides information to be used by the other branches of accounting?
What is the basic purpose of accounting A to provide quantitative financial information about economic activities?
Which basic accounting fundamental concept is behind providing financial accounting information about the economic activities of an enterprise for specified time periods?
Which accounting concept states that the life of a business can be divided into equal time periods?
Which of the following principles matches expenses with associated revenues in the in which the revenues were generated?
What principle is applied if expenses should be recorded at a higher amount and revenue should be recorded at a lower amount?
What is an accounting period What is the purpose of dividing the life of the business into accounting periods?
Which accounting concept states that omitting or misstating this information influence users of the financial statements?
Which of the following states that a transaction is not recorded in the book of account unless it is measurable in terms of money Mcq?
Accounting professionals should understand database systems for all of the following reasons except
The information necessary to conduct a bottom-up estimate of project time and cost starts with the
What causes the difference between the cash balance per accounting records vs cash balance per bank statement?
The difference between the balance in a companys cash account and its bank statement is documented
What causes the balance on the bank statement to differ from the cash balance in the accounting records quizlet?
Is most appropriate where consumer tastes and preferences differs substantially across nations and cost pressures are not too intense?
When determining unit cost of an inventory item, which of the following should not be included?
Which of the following would cause a decrease in the cost ratio used in the retail inventory method
What is the effect of freight in on the cost-retail ratio when using the conservative retail method?
When the conventional retail method includes both net markups and net markdowns in the cost retail ratio it approximates a lower
Which cost is the change in cost due to change in activity from one level to another level?
Which of the following production operations would be most likely to employ a job cost system?
Which of the following production operations would be most likely to employ a process cost system
Which of the following are needed to compute the cost per equivalent unit for materials under the weighted
What term refers to the cost of changing direct materials into a finished manufactured product?
Average manufacturing overhead cost per unit usually varies from one period to the next because
What do many companies use to allocate all manufacturing overhead costs to jobs based on their usage of direct labor hours?
Residual income should be used to evaluate an investment center rather than a cost or profit center.
What are the necessary conditions for an effective responsibility accounting system in an Organisation?
Prerequisites to the initiation and maintenance of an effective responsibility accounting system
Which responsibility center is responsible for controlling revenue costs and investing for a company?
Which of the following responsibility centers have managers who are held accountable for cost?
Which model of helping explains prosocial behaviors as having an egoistic and selfish motivation?
Which of the following is not a factor accounting for inconsistencies between measures of beliefs
Focuses on the cost estimates and sales forecasts to get an idea of potential profitability
Which form of data can usually be obtained more quickly and at a lower cost than the others Mcq?
Which of the following modes of distribution affords the most control over the distribution channels but ofter at a cost that is not practical?
When a company sets pricing starting with their fixed and variable costs and adds a markup they are using which price method?
The fundamental reason that marginal cost eventually rises as output increases is because of
Under a standard cost system, the materials efficiency variances are the responsibility of
What factors should an auditor consider in evaluating the reasonableness of an accounting estimate?
Is a pricing method based on the customer demand and the perceived value of the product Mcq?
What refers to a group of activities which are to be completed within a defined time period and at a specific cost?
Which difficult-to-measure hidden costs must be taken into account when calculating total cost?
When a country can produce a particular good or service at a lower cost than other countries?
Is the ability of an individual a firm or a country to produce a good or service at a lower opportunity cost than competitors?
When a country can produce a product or service at a lower cost than any other country or when it is the only country that can provide the product or service?
When one nation can produce a product at lower cost relative to another nation it is said to have quizlet?
When one nation can produce a product at lower cost relative to another nation it is said to have a blank in producing that product?
When a country can produce and sell a product at a lower cost than any other country or when it is the only country that can provide a product it is called?
Since businesses implemented automated payroll systems, fewer accounting employees are needed.
What is the difference between the accounting and finance functional areas of business quizlet?
What is the relation between average product and average variable cost between marginal product and marginal cost?
Which of the following is true of the relationship between the marginal cost function and the average total cost and average variable cost functions?
Which of the following refers to the cost associated with a single realized risk against a specific asset?
What are the major differences between managerial accounting and financial accounting quizlet?
What are the similarities and differences between managerial accounting and financial accounting?
Which of the following terms is used to describe a cost that has been incurred that Cannot be changed by present or future decisions?
Is the firms effort to distinguish one product from another so as to make it more attractive to the target market?
Is the difference between a standard cost and the comparable actual cost incurred during a period?
When a business provides services for cash, which elements of the accounting equation are affected?
Which of the following statements indicate distinctive features of management accounting as compared to financial accounting?
Which ethical principle states that when confronted with an ethical dilemma an individual should take the action that produces the least harm or the least potential cost?
What is focused on understanding the total cost of acquisition and the costs associated with ongoing use and maintenance of a system?
Plan cost management is the process to determine how to plan, estimate, and control project costs.
Consumers are most likely to use for products with high social visibility and involvement cost
Is the practice of accounting in which the accountant develops and uses cost management information?
Which term is used for the amount you are left with after you subtract the cost of sales payroll expenses and other expenses from the revenue?
Doppelzimmer low cost bedeutung
Explain how the increased cost of election campaigns have contributed to the decline in trust
How can a company reduce cost disadvantages associated with supplier-related value chain activities?
Is the process of comparing amounts in the financial statements within the same accounting period?
What do you call the process of comparing amounts in the financial statements within the same accounting period?
Which statement summarizes and explains the changes in retained earnings during the accounting period?
Which legislation led to the establishment of the Public Company Accounting Oversight Board quizlet?
What events led to the creation of the Public Company Accounting Oversight Board and what is their role in the oversight of audit firms?
Historically, the sec allowed the accounting profession to police itself through which process?
Who has the responsibility for preparing financial statements in accordance with generally accepted accounting principles?
Which of the following is least likely to be considered an act discreditable to the accounting profession quizlet?
Determine whether the liability risk to cpas/auditors is appropriate, too high, or too low.
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