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Stichworte: costs expenses
Which of the following costs are treated as period costs under direct costing
How individual costs react to changes in activity level is referred to as cost
How can an employer reduce labor costs without downsizing the company? quizlet
Contribution margin on An income statement is equal to sales revenue minus fixed expenses
True or false: business expenses are deducted for agi and reported directly on form 1040.
All of the following are methods of allocating joint production costs except the:
For a company engaged in mass production, machine depreciation is a(n) ________ cost.
Which of the following actions would be most likely to decrease agency costs for the firm Quizlet
Axis intercepts at the amount equal to fixed expenses at the zero activity level.
In segmented pricing, the difference in prices is based on differences in costs
During periods when inventory costs are rising, ending inventory will most likely be
Cost accounting systems accumulate production costs and then assign them to products and services.
Payments for expenses paid in cash are entered in the cash payments journal in the _____ column.
Along with estimating labor costs, an estimator must also establish ____ rates.
The lifo method of inventory costing better matches current costs with revenues.
On a statement of functional expenses for a voluntary health and welfare organizations
Which of the following items are most typically considered to be indirect costs?
Testing for environmental compliance and design and specification are examples of related costs.
Why are traditional volume based cost allocation systems likely to systematically distort product costs?
How much does chronic illness cost the u.s. each year in lost work productivity?
The costs of corporate social responsibility may ultimately be passed on to the:
Describe the differences between product and period costs in a manufacturing business.
Which of the following reimburses small business owners for overhead expenses after a disability?
Which of these is not an adjusting entry made at the end of an accounting period
Are those expenses related to marketing and distributing of a companys products?
Which accounts are debited in the journal entry to record manufacturing labor costs?
Ergonomics is a branch of economics that deals with costs of scheduling workers.
All of the following activities are service management tools used in controlling costs except:
Classifying expenses into program activities and supporting activities is known as the natural basis
What political process is most likely to be used when the costs of a policy are broadly distributed and its benefits are concentrated?
Which of the following are the three commonly used methods for allocating support department costs to production departments?
The inventory costing method that reports the earliest costs in ending inventory is
_______ costs are those costs that increase as the level of production increases.
The type of owner who assumes expenses, receives profits, and bears all losses of the business is a:
How are revenues and expenses reported on the income statement under the accrual basis of accounting?
When figuring operating expenses to calculate net operating income you can include the cost of the mortgage as an expense?
Which of the following costs are not included in finished goods inventory quizlet?
According to the concept of economies of scale, as plant output expands, unit costs increase
The inventory costing method that best matches current costs with current revenues is the
Under variable costing, all variable production costs are treated as product costs.
Which of the following costs change in direct proportion to a change in the activity level as volume goes up costs go up at the same rate of change )?
Which of the following costs is not relevant to a decision to sell a product at split
The difference between the gross operating income and the operating expenses is the Quizlet
In activity-based costing, all manufacturing costs must be included in product costs.
Which of the following costing methods charges all manufacturing costs to its products
Which one of the following is considered to be an acquisition expense for an insurance company?
In macroeconomics, what name is given to the costs of changing prices that businesses must consider?
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?
What is the term for the advantage gained when long run average costs decrease with an increase in the quantity produced?
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
When deciding whether to discontinue a product managers should only consider the costs that will be saved?
For purposes of allocating joint costs to joint products using the relative sales value at
Which of the following costs is included in product costs under both absorption costing and variable costing?
Variable costs are costs that vary on a per-unit basis with changes in the activity level.
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 method is most commonly used for allocating joint processing costs to joint products explain?
Which cost is the change in cost due to change in activity from one level to another level?
What is the term used to describe a segment of a business responsible for both revenues and expenses?
Selling and administrative costs are period costs under both absorption and variable costing.
Which of the following is a common mistake made by companies when assigning costs to segments?
Which of the following costs expenses is included in product costs under both absorption and variable costing?
What do many companies use to allocate all manufacturing overhead costs to jobs based on their usage of direct labor hours?
Which responsibility center is responsible for controlling revenue costs and investing for a company?
Hidden costs, such as ________ costs, can easily undercut anticipated benefits from outsourcing.
Which term best describes the type of advantage a country has when it produces a product that has the lowest opportunity costs compared to other nations?
When a company sets pricing starting with their fixed and variable costs and adds a markup they are using which price method?
Which one of these concepts suggests that customers will Favour products that are available widely at low costs?
Which difficult-to-measure hidden costs must be taken into account when calculating total cost?
Are costs that vary in total directly and proportionately with changes in the activity level?
Costs that remain constant in total dollar amount as the level of activity changes are called
Variable costs are costs that remain constant on a per-unit basis as the level of activity changes.
Which of the following best describes the relationship between fixed costs per unit and variable costs in total as total volume increases?
What is one factor that drives up costs for special districts compared to local governments? quizlet
Workers compensation insurance covers a workers medical expenses resulting from work related
Which of the following types of budget plot anticipated sales or revenues against expenses?
In which of the four major categories of quality costs would the costs associated with scrap and rework belong quizlet?
What takes place when different stages of a value chain are distributed to locations where value added is maximized or where the costs of value creation are minimized?
Is an arrangement in which the manufacturer and the retailer split the costs of advertising the manufacturers brand?
________ is the actual sales realized for the merchandise minus its costs of the merchandise sold.
Relevant costs in accepting an order at a special price include all of the following except:
Which one of these refers to the act of accepting the potential costs and obligations for the decisions you make * 1 point responsibility accountability liability due process?
Which of the following is not true about the benefits and costs of activity-based costing systems
Value chain activities in the value chain create value, whereas support functions generate costs.
Which financial statement shows the revenue and expenses of an organization during a certain period of time such as monthly quarterly or annually?
When an organization produces only a single product and attempts to sell it to two or more different market segments which costs may it incur?
Which of the following terms means that you accept the potential costs and obligations for the decisions you make?
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.
To help pay the costs of waging wars in both europe and north america, the british passed laws that
When two organizations pool markets and expertise that result in lower costs and generate profits they are creating?
What do you call the amount left over after a companys expenses are subtracted from its sales?
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?
When running a business the revenue is the amount of money earned above and beyond what it spends for its expenses?
Which financial statement summarizes revenues costs and expenses for a specific period quizlet?
Which financial statement displays the revenues and expenses of a company for a period of time Examveda?
Is a financial statement which shows the income and expenses of a company over a period of time?
What is defined as a desire to remain a member of an organization because of an awareness of the costs associated with leaving it?
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