Accounting 2102- Bonus Review Questions

Accounting 2102- Bonus Review Questions - Accounting 2102...

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Accounting 2102 – semester review questions Extra Credit – Enter the answers in the spaces corresponding to the question numbers . 36. Which one of the following tools of analyses is NOT commonly used in cost estimation? a. least squares regression b. scatter diagrams c. high-low estimation d. flexible budget variances 37. If a cost is identical under each alternative under consideration within a given decision context, the cost is considered: a. an alternative cost. b. a discounted cost. c. an irrelevant cost. d. a procedural cost. 38. Costs associated with converting raw materials into finished goods are known as: a. outlay costs. b. raw materials costs. c. downstream costs. d. conversion costs. 39. Because variable costs respond to changes in the level of activity, they: a. are irrelevant when decision alternatives have different activity levels. b. are irrelevant when decision alternatives have different costs per unit of activity. c.
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This note was uploaded on 12/08/2011 for the course ACCT xxx taught by Professor Staff during the Fall '07 term at Gordon GA.

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Accounting 2102- Bonus Review Questions - Accounting 2102...

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