Man10e_SecTest_04

Man10e_SecTest_04 - 10th Edition MANAGERIAL ACCOUNTING...

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10th Edition MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapters 9–10 Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2½ %. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—50% Section Test 4
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TEST 8 (Continued) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Scoring STATEMENTS Answers 0. A method of decision making that focuses on the effect of alternative courses of action on the relevant revenues and costs is . .................... differential analysis 0. ____ 1. The additional cost expected from a particular course of action compared with an alternative is termed . .............................................. 1. ____ 2. Costs that have been incurred in the past that are not relevant to the decision are called . .............................................................................. 2. ____ 3. The amount of increase or decrease in revenue expected from a course of action as compared with an alternative is known as . .......... 3. ____
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4–6. The three cost concepts used in applying the cost-plus approach to setting normal product prices are: 4. ............................................................................................................... 4. ____ 5. ............................................................................................................... 5. ____ 6. ............................................................................................................... 6. ____ 7. The term used to describe a situation when the demand for a company’s product exceeds the ability of the company to produce it is . .......................................................................................................... 7. ____ 8. The manufacturing strategy that focuses on reducing the influence of bottlenecks in a process is called the . ................................................. 8. ____ 9. The costing method that focuses on identifying and tracing activities
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TEST 8 (Continued) to specific products is . .......................................................................... 9. ____ 10. The amount of income forgone from an alternative to a proposed use of cash or its equivalent is called . ................................................. 10. ____ 11. The process by which management plans, evaluates, and controls investments in fixed assets is called . ................................................... 11. ____ 12. The amount that is added to a “cost” amount to determine product price is the . ........................................................................................... 12. ____
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Man10e_SecTest_04 - 10th Edition MANAGERIAL ACCOUNTING...

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