FinMan10e_ATest_ch20

FinMan10e_ATest_ch20 - 10th Edition FINANCIAL& MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 20A Score Name Course Section Note Each of

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Unformatted text preview: 10th Edition FINANCIAL & MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 20A Score % Name Course Section Note: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% INSTRUCTIONS: Complete each of the following statements by writing the appropriate word or amount in the Answers column. For A TEST 1 (Continued) Answers Scoring 0. The accounting method necessary in determining historical costs for financial reporting if called ........................................................................... A bsorption costing 0. ____ 1. Another name for variable costing is........................................................... 1. ____ 2. The term applied to the conventional concept that includes both fixed and variable manufacturing costs as part of the cost of products manufactured is 2. ____ 3. In the variable costing income statement, deduction of variable operating expenses from manufacturing margin yields .............................................. 3. ____ 4. In the variable costing income statement, deduction of variable cost of goods sold from sales yields ....................................................................... 4. ____ 5. In the absorption costing income statement, deduction of cost of goods sold from sales yields .................................................................................. 5. ____ 6. The concept (variable or absorption costing) that would yield the higher income from operations for a period during which the number of units manufactured is more than the number of units sold is ..............................manufactured is more than the number of units sold is ....
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_ATest_ch20 - 10th Edition FINANCIAL& MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 20A Score Name Course Section Note Each of

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