Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which is NOT a characteristic of a functional-based costing system? a. It uses traditional product costing definitions. b. It uses unit-based activity drivers to assign overhead to products. c. It is cheaper than an activity-based costing system. d. It offers greater product costing accuracy than an activity-based costing system. ____ 2. Unit-based product costing uses which of the
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Chapter 2 1. Which of the following would be considered a product cost for external financial reporting purposes? a. Cost of a warehouse used to store finished goods. b. Cost of guided public tours through the company’s facilities. c. Cost of travel necessary to sell the manufactured product. d. Cost of sand spread on the factory floor to absorb oil from manufacturing machines. 1. Which of the following would be considered a product cost for external financial reporting purposes
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Contents QUESTION ONE: Accounting Concepts and Conventions 1 a) Accounting Concepts 1 i) The going concern concept. 1 ii) The accruals concept (or matching concept) 1 iii) The entity concept: 3 iv) The money measurement concept: 3 v) The historical cost concept: 4 vi) The realization concept: 4 vii) Duality concept: 4 b) Accounting conventions 5 QUESTION TWO: Clashing accounting concepts and conventions that might bring about inconsistency in the accounting process 9 1. Clash between
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School of Economics and Management /HES Management Accounting Year 1 Answers Codes: MA1VP1EL01-‚ MA1VP1ES02‚ - MA1VP1FAO1-‚ MA1VP1IM01 -‚MA1VP1TA01 - Test 2-resit Programs: IBMS‚ IBL‚ IFM‚IM and TMA Date: January 23‚ 2013 Time: 17.15-19.15 hrs Allowed: HvA-calculator (non-programmable) Scrap paper Not allowed: Dictionary‚ books‚ other papers than handed out Number of points per question: Question I II III IV V Total Points
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ENV100 Principles of Environmental Science Final Exam – Name: 1. The interdisciplinary study of humanity’s relationship with other organisms and the non-living physical environment is termed a) ecology b) sociology c) political science d) risk analysis e) environmental science 2. What activity/activities contribute(s) to making the human species the most significant agent of environmental change on Earth? a) continued population growth b) consuming non-renewable resources c)
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Psych 100 Final Exam Review 1. Perspectives in psychology: i. Neuroscience: biological foundation of behavior. ii. Cognitive: Higher mental processes. iii. Developmental: change over time. iv. Personality: individual differences. v. Health: how psychological factors affect health. vi. Clinical: psychological disorders and treatment. vii. Industrial-organizational: human resources and workplace assessment. viii. Social: effects of groups on behavior. ix. Experimental: learning
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Page 1 of 16 University of Wisconsin School of Business Financial Policy: 755 Fall 2004 Professor: E-mail: Office Hours: Dr. Toni Whited twhited@bus.wisc.edu MW 2:30-3:30 p.m. and by appointment Office: Phone: Fax: 5289 Grainger (608)262-6508 (608)265-4195 Objective: This course is designed to provide you with a general understanding of a variety of financial restructuring and reorganization techniques. Each topic that we discuss describes a transaction that restructures or reorganizes
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Exam 1: The complete set of hereditary information carried by an organism is its genome Human DNA contains 20% C on a molar basis. What are the mole percents of A‚ G‚ and T? A- 30% G- 20% T- 30% In a polynucleotide‚ a phosphate group is linked to the 3’ and 5’ carbons 2 pentoses Which of the following is a transition mutation? A-T —> G-C - transition= purine —> purine or pyrimidine —> pyrimidine - Purines- GA - Pyrimidines- CT The basic building block of nucleic acids is the nucleotide
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Performance evidence record Qualification/unit 505 Learner name Lisa Loveday Use this form to record details of activities (tick as appropriate) Observed by your assessor Seen by expert witness Seen by witness Self / reflective account NB. Your assessor may wish to ask you some questions relating to this activity. There is a separate sheet for recording these. The person who observed/witnessed your activity must sign and date overleaf. Date of Activity Unit(s)
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Basics Exam 1. 1. Which of the following strategies produces the longest lead-time? a. Make to order b. Engineer to order c. Make to stock d. Assemble to order 2. Which of the following statements s true? a. A product layout creates longer lead-time than a process layout. b. There is less WIP inventory in a product layout. c. Overhead costs are higher n a product layout. d. Capital equipment costs are typically higher in a process layout. 3. The objective of maximising customer
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