MC questions

MC questions - Chapter 2 1. Which of the following would be...

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Chapter 2
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d. Cost of sand spread on the factory floor to absorb oil from manufacturing machines. c. Cost of travel necessary to sell the manufactured product. b. Cost of guided public tours through the company's facilities. a. Cost of a warehouse used to store finished goods. 1. Which of the following would be considered a product cost for external financial reporting purposes?
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d. Cost of sand spread on the factory floor to absorb oil from manufacturing machines. c. Cost of travel necessary to sell the manufactured product. b. Cost of guided public tours through the company's facilities. a. Cost of a warehouse used to store finished goods. 1. Which of the following would be considered a product cost for external financial reporting purposes?
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Cost of goods manufactured 2. Beginning work in process was $125,000. Manufacturing costs incurred for the month were $835,000. There were $200,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month? a. $1,160,000 b. $ 910,000 c. $ 760,000 d. $ 730,000
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Cost of goods manufactured 2. Beginning work in process was $125,000. Manufacturing costs incurred for the month were $835,000. There were $200,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month? a. $1,160,000 b. $ 910,000 c. $ 760,000 d. $ 730,000
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Cost Behaviour Total cost per unit will decrease. D) Variable cost per unit will increase. C) Fixed costs will increase in total. B) Total variable costs will remain unchanged. A) Last month, when 10,000 units of a product were manufactured, the average cost per unit was $60. At this level of activity, variable costs are 50% of total unit costs. If 10,500 units are manufactured next month and cost behavior patterns remain unchanged, how will costs be affected? 3.
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Cost Behaviour Total cost per unit will decrease. D) Variable cost per unit will increase. C) Fixed costs will increase in total. B) Total variable costs will remain unchanged. A) Last month, when 10,000 units of a product were manufactured, the average cost per unit was $60. At this level of activity, variable costs are 50% of total unit costs. If 10,500 units are manufactured next month and cost behavior patterns remain unchanged, how will costs be affected? 3.
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Chapter 3
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Self-test #1 1. Which of the following companies is most likely to use a job-order costing system rather than a process costing system? A)Fast food restaurant B)Shipbuilder C)Crude oil refinery D)Candy maker
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1. Which of the following companies is most likely to use a job-order costing system rather than a process costing system? A)Fast food restaurant
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MC questions - Chapter 2 1. Which of the following would be...

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