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Midterm Exam - (TCO A Wages paid to a timekeeper in a...

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(TCO A) Wages paid to a timekeeper in a factory are a: (Points: 6) Prime Cost YES ..... Conversion Cost NO Prime Cost YES ..... Conversion Cost YES Prime Cost NO .... Conversion Cost NO Prime Cost NO ..... Conversion Cost YES 2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be: (Points: 6) direct costs. indirect costs. incremental costs. opportunity costs. 3. (TCO A) Property taxes on a company's factory building would be classified as a(n): (Points: 6) product cost opportunity cost period cost variable cost sunk cost 4. (TCO A) 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.
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