Multiple Choice Questions 1. Which of the following statements is true? A. The word "cost" has the same meaning in all situations in which it is used. B. Cost data‚ once classified and recorded for a specific application‚ are appropriate for use in any application. C. Different cost concepts and classifications are used for different purposes. D. All organizations incur the same types of costs. E. Costs incurred in one year are always meaningful in the following year. 2. Which of the following
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ACCT 2102 EXCEL ASSIGNMENT 1 SUMMER SEMESTER 2014 This assignment must be entered into a spreadsheet and emailed to me by WEDNESDAY JULY 2‚ 2014‚ midnight. Please use Excel to solve the textbook Case (pp 152-153). Please use the ABC template as illustrated on page 139 of your textbook in your solution (ALL of the account and product names will have to be changed to the Case question descriptions). The paper is worth a possible 25 points toward your grade. All work must be your own and please
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1) Before answering this question lets review the job and process costing sytems: Job order cost system: • Jobs are assigned to each job or batch • A job may be for a specific order of inventory Process cost system : • This cost system is generally used when a large volume of similar products are manufactured Answers: a. A custom yacht builder – job order costing b. A golf course designer – job order costing c. A potato chip
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Chapter 1—Introduction to Managerial Accounting TRUE/FALSE 1. Management accounting information is only used by manufacturing organizations. ANS: F PTS: 1 DIF: Difficulty: Easy OBJ: LO: 1-1 NAT: BUSPROG: Analytic STA: AICPA: BB-Industry | IMA: Business Applications | ACBSP: APC-25-Managerial Characteristics/Terminology KEY: Bloom’s: Knowledge NOT: 1 min. 2. The managerial activity of monitoring a plan’s implementation and taking corrective action as needed is referred to as decision making
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SELECTION TEST (PSYCHOLOGICAL TEST) A psychological test is an objective & standardized measure of a sample behavior from which inferences about future behavior & performance of the candidate are drawn. Tests provide a systematic procedure for sampling human behavior. These test are based on the assumption that no two individuals are equal in terms of intelligence‚ attitudes‚ personality‚ & other relate traits ones characteristics with others are measured through these tests. Types of Selection
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WK4 1How much would the firm’s revenue change if it lowered price from $12 to $10? Is the demand elastic or inelastic in this range? | When P = $12‚ R = ($12)(1) = $12. When P = $10‚ R = ($10)(2) = $20. Thus‚ the price decrease results in an $8 increase in total revenue‚ so demand is elastic over this range of prices. How much would the firm’s revenue change if it lowered price from $4 to$2? IS the demand elastic or inelastic in this range? | When P = $4‚ R = ($4)(5) = $20. When P
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In the novel ’How I Met Myself’ written by David A. Hill‚ I learnt that familyis an important unit of life John Taylor is a computer programmer from England.He was posted to wor in Hungary. He has a wife‚ Andrea‚ and a daughter‚ Kati.One evening after wor ‚ when he was wal ing home‚ he bumped into his doppelganger for the first time.A doppelganger is a ghostly double of a person with the same face.Firstly‚ family is important because it provide support. After bumping into his doppelganger
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CHAPTER 5—BASICS OF ANALYSIS MULTIPLE CHOICE 1. Statements in which all items are expressed only in relative terms (percentages of a base) are termed: a. Vertical Statements b. Horizontal Statements c. Funds Statements d. Common-Size Statements e. none of the answers are correct ANS: D PTS: 1 2. In financial statement analysis‚ ratios are: a. the only type of analysis where industry data are available b. absolute numbers converted to a common base c. fractions usually expressed in percent
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My Transactions Account No: 002388007192 Generated By: Tran Type: Amount Range: Period Covered: Last 30 Days JTCATALO All Account Name: JUN TEDDY CRUZ CATALO Account Type: Account Currency: Posting Date Aug 01‚ 2011 CA PHP Description 262 ibcd Branch LEVERIZA LIBERTAD Debit Amount Credit Amount Running Balance 26‚650.00 159‚442.89 Currency PHP Check Number Aug 01‚ 2011 W/D FR C/A BDO/002012 01 LEVERIZA BDO PHL 121105215423 W/D FR C/A ML 011211316200 500.00 158
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MIDTERM PROJECT In RIZLIFE Submitted by: Cortes‚ Yannie Grace L. Dadulla‚ Renon De Castro‚ Juan Ramon M. Dela Paz‚ Nur-Inee U. Submitted to: Mr. Argeo Barrios OUR MONUMENT AREA WHERE THE MONUMENT SHOULD BE PUT UP OUR MONUMENT: Our group came up with a design wherein Jose Rizal stands 22 steps above the ground with a height of thirty-five feet. This design was inspired by the original monument of Jose Rizal in Laguna. The monument is composed of twenty-two steps‚ representing
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