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Diff 1 lo 5 2 eoc s5 3 aacsb reflective thinking

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Diff: 1LO:5-2EOC:S5-3AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing41) In a mass-production environment, direct labor is usually a relatively small componentof the total manufacturing costs.Diff: 1
LO:5-2EOC:S5-3AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing42) Companies that use automated production processes often condense the threemanufacturing costs into two categories: Direct materials and Conversion costs.Diff: 1
LO:5-2EOC:S5-3AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing44) Direct materials are often added at a particular point in the production process.Diff: 1
LO:5-2EOC:E5-25AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing45) The number of equivalent units is usually the same for direct materials and conversioncosts.Diff: 2
LO:5-2EOC:E5-25AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing51) If all direct materials are added at the end of the production process, and the unitshave made it 50% of the way through the production process, then the percentagecompletion for direct materials is 0%.Diff: 1
LO:5-2EOC:E5-25AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing52) If conversion costs are added evenly throughout the production process, and the unitshave made it 50% of the way through the production process, then the percentagecompletion for conversion costs is 50%.Diff: 1
LO:5-2EOC:E5-25AACSB:Reflective ThinkingLearning Outcome:Discuss process costing systems and calculate product cost usingprocess costing

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