Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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The movie Upside Down is a film directed by Juan Solanas In which a guy searches for his childhood love in an alternate world. The Authors main purpose in this film is purely to amuse or regale he audience with this fictional romantic story. This is very evident since the movie doesn’t inform nor persuade the audience in a certain subject. The main theme in the movie is Romance. Even though it possess sci-fi‚ fantasy and action movie qualities‚ the movie is evidently romantic since the whole plot
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Chapter 2—Cost Terminology and Cost Behaviors MULTIPLE CHOICE 1. The term "relevant range" as used in cost accounting means the range over which a. | costs may fluctuate. | b. | cost relationships are valid. | c. | production may vary. | d. | relevant costs are incurred. | ANS: B PTS: 1 DIF: Easy OBJ: 2-2 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Measurement‚ Reporting 2. Which of the following defines variable cost behavior
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The Costs of Production Production and Costs Costs in the Short Run Fixed Costs Implicit Costs Explicit Costs Variable Costs Average Costs Marginal Costs The Symmetry Between Production and Costs Total Product and Total Cost Curves Geometry of Average and Marginal Costs Curves Average Physical Product and Average Variable Costs Marginal Physical Product and Marginal Cost Costs in the Long Run Isocost Lines Cost Minimization The Expansion Path and the Long Run Total Cost Curve Average Cost and
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make long-term investments in new product lines‚ new equipment and other assets‚ managers must know the cost of obtaining funds to acquire these assets. The cost associated with different sources of funds is called the cost of capital. . If the business earns more than its cost of capital‚ the market value of the business will increase. Likewise‚ if returns on long-term investments are below the cost of capital‚ market values will decline. Therefore‚ how we manage capital is extremely important to fulfilling
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activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10 $375‚000 Pool No. 3 (Driver: NS) 2‚000 18‚000 $20‚000 1. The overhead cost allocated to Alpha by using traditional costing procedures
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8/26/2014 Should Cities Pay for Sports Facilities? Share on: E-mail Print T HE REGIONAL ECONOM IST | APRIL 2001 Should Cities Pay for Sports Facilities? By Adam M. Zaretsky "We play the Star-Spangled Banner before every game—you want us to pay taxes‚ too? —Bill Veeck Americans love sports. Watching the home team in any of the four major sports—baseball‚ football‚ basketball and hockey—march to victory in the World Series‚ Super Bowl‚ NBA Finals or Stanley Cup Finals arguably generates more
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Blog Post Essay 3/2/15 Is Animal Farm still relevant today? Yes‚ and in a few ways. First‚ one element of the story is how power can corrupt any leader. Power hungry leaders are almost completely normal in our society today. Secondly the book has an element of human nature. Humans have a selfish side as shown by some of the animals‚ but also a caring side as shown by other animals. Finally‚ Animal Farm is relevant today because it has an element of propaganda
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opportunity for all people regardless of their gender. Over time‚ feminism has transformed. There are many arguments whether or not feminism is still relevant. Most people believe that feminism in no longer relevant because of the nineteenth amendment‚ which granted women the right as men. However‚ there are people that protest that feminism is still very relevant. It is very understandable that feminism was way more concerning in the nineteenth century than it is now. Today’s interpretation of feminism
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Case Studies David Fernandez School Law Use of Facilities by Religious Groups 1. Yes‚ I believe the Bible club has legitimate grounds to file suit for use of school facilities. Principal Gayle Dixon’s decision to deny the club use is based on her interpretation of the club’s charter to be discriminatory and not necessarily the law’s or districts. 2. No‚ I would say principal Dixon is not justified to deny use of school facilities because she is making the judgment based her beliefs
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