FinMan10e_BTest_ch20

FinMan10e_BTest_ch20 - 10th Edition FINANCIAL &...

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10th Edition Warren/Reeve/Duchac Chapter Test 20B 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 B
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TEST 1 (Continued) Answers Scoring 0. The cost of factory property taxes is included in . ........................................ factory overhead 0. ____ 1. Another name for direct 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. Costs that can be influenced by management at that level are referred to as _________________ costs. 4. ____ 5. Costs controlled by a higher level of management are referred to as ________________ costs. 5. ____
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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 lower than the number of units sold is . ............................. 6. ____ 7. The concept (variable or absorption costing) that supplies cost data that are especially useful to management in analyses of short-run production plans is . ........................................................................................................ 7. ____
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FinMan10e_BTest_ch20 - 10th Edition FINANCIAL &...

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