2009-04-03_044550_MC

_044550_MC - When manufacturing overhead is applied to production it is added to(Points 6 the Cost of Goods Sold account the Raw Materials account

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When manufacturing overhead is applied to production, it is added to: (Points: 6) the Cost of Goods Sold account the Raw Materials account the Work in Process account the Finished Goods inventory account I CHOSE WIP ACCOUNT. I BELIEVE THAT IS CORRECT? The variable portion of the cost of electricity for a manufacturing plant is a: (Points: 6) Conversion YES. .. Period NO Conversion YES . ... Period YES Conversion NO. ... Period YES Conversion NO. ... Period NO I DO NOT KNOW Within the relevant range, variable costs can be expected to: (Points: 6) vary in total in direct proportion to changes in the activity level. remain constant in total as the activity level changes. increase on a per unit basis as the activity level increases. increase on a per unit basis as the activity level decreases. none of these. DO NOT KNOW Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs: (Points: 6) started in process during the period
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This note was uploaded on 10/22/2009 for the course ACCT 204 taught by Professor Holland during the Spring '08 term at VCU.

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_044550_MC - When manufacturing overhead is applied to production it is added to(Points 6 the Cost of Goods Sold account the Raw Materials account

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