Questions from Survey Accounting


Q: How is product cost information used by managers?

How is product cost information used by managers?

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Q: How would each of the following costs be classified if units produced

How would each of the following costs be classified if units produced is the activity base? a. Salary of factory supervisor ($120,000 per year) b. Straight-line depreciation of plant and equipment c....

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Q: Sisel Company has two divisions, the Optic Lens Division and the

Sisel Company has two divisions, the Optic Lens Division and the Camera Division. The Camera Division may purchase lenses from the Optic Lens Division or from outside suppliers. The Optic Lens Divisio...

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Q: What kind of firm would use a job order cost system?

What kind of firm would use a job order cost system?

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Q: How does the use of the materials requisition help control the issuance

How does the use of the materials requisition help control the issuance of materials from the storeroom?

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Q: Which of the following graphs illustrates how unit variable costs behave with

Which of the following graphs illustrates how unit variable costs behave with changes in total units produced?

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Q: Describe the source of the data for increasing Work in Process for

Describe the source of the data for increasing Work in Process for (a) direct materials, (b) direct labor, and (c) factory overhead.

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Q: In applying the high-low method of cost estimation, how

In applying the high-low method of cost estimation, how is the total fixed cost estimated?

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Q: If fixed costs increase, what would be the impact on the

If fixed costs increase, what would be the impact on the (a) contribution margin and (b) operating income?

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Q: a. What is (1) over applied factory overhead

a. What is (1) over applied factory overhead and (2) under applied factory overhead b. If the factory overhead account has a positive balance, was factory overhead under applied or over applied?

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