Homework 3 - NAME: Valerie Bodden W 3 MANAGERIAL ACCOUNTING...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
HW 3 – MANAGERIAL ACCOUNTING NAME: Valerie Bodden Kluge MATRICULA: 10-0014 Universidad Iberoamericana UNIBE 1. A product cost and an inventoriable cost are the same cost a. True. b. False. 2. Operating expenses are treated as product costs a. True. b. False. 3. Before material is entered into the production process, it is called raw material a. True. b. False. 4. The following data were collected from the records of the shipping department of a company: Month Units Shipped Cost of Shipping Supplies 1 7,000 $35,000 2 5,000 25,000 3 3,000 14,900 4 13,000 65,000 5 11,000 55,200 6 10,000 50,000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
7 15,000 74,900 The cost of shipping supplies is most likely to be a a. Variable cost. b. Fixed cost. c. Step cost. d. Semi-fixed cost. 5. If the value of the beginning work-in-process and the ending work- in-process are equal, the cost of goods manufactured will be equal to total manufacturing costs. a.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/09/2011 for the course ACCOUNTING --- taught by Professor --- during the Spring '11 term at Universidad Iberoamericana.

Page1 / 4

Homework 3 - NAME: Valerie Bodden W 3 MANAGERIAL ACCOUNTING...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online