2010-10-21_025746_premium

2010-10-21_025746_premium - 1. (TCO 1) A difference between...

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1. (TCO 1) A difference between actual costs and planned costs (Points: 4) should be investigated if the amount is exceptional . indicates that the planned cost was poorly estimated. indicates that the manager is doing a poor job. should be ignored unless it involves the cost of ingredients. 2. (TCO 1) A company has a cost that is $2.00 per unit at a volume of 12,000 units and $2.00 per unit at a volume of 16,000 units. What type of cost is this? (Points: 4) Fixed Variable Sunk Incremental 3. (TCO 2) Ice Box Company manufactures refrigerators. Which of the following items is most likely to be an indirect material cost for Ice Box Company? (Points: 4) Factory supervisor’s salary Lubricant for refrigerator door hinges Glass shelves for the refrigerators Refrigerator motors 4. (TCO 2) A form used to accumulate the cost of producing an item is called a(n) (Points: 4) job-cost sheet material requisition balance sheet invoice 5. (TCO 3) Why is it necessary to compute equivalent units separately for materials and conversion costs? (Points: 4) Mistakes are made in the accounting for these costs
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2010-10-21_025746_premium - 1. (TCO 1) A difference between...

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