If overhead is applied based on machine hours the

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If overhead is applied based on machine hours, the overapplied/under applied overhead is:
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Answer Selected Answer: Question 36 2 out of 2 points ABC Company listed the following data for 2010: If overhead is applied based on direct labor hours, the overapplied/under applied overhead is: Answer Selected Answer: Question 37 2 out of 2 points The journal entry required to record factory depreciation includes: Answer
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Selected Answer: Question 38 2 out of 2 points Volume-based cost accounting systems often do a poor job of product costing because they: Answer Selected Answer: Question 39 2 out of 2 points Jackson Inc. listed the following data for 2010: Round calculations to two significant digits. If overhead is applied based on direct labor hours, the
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overapplied/under applied overhead is: Answer Selected Answer: Question 40 2 out of 2 points The following are types of rework except : Answer Selected Answer: Question 41 2 out of 2 points The applied overhead is compared to the actual overhead, with any discrepancy going into one of the following three accounts: goods in process inventory, finished goods inventory, or cost of goods sold. Answer Selected Answer: True Question 42 2 out of 2 points
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Since estimates are not actual amounts and are used to approximate, there is not a need for the estimate to be fairly accurate. Answer Selected Answer: False Question 43 2 out of 2 points Opportunity costs are an important consideration for managers when deciding whether to accept special orders. Answer Selected Answer: True Question 44 2 out of 2 points When choosing whether to make, lease, or buy, a manager must consider the profits to be made under each consideration. Answer Selected Answer: True Question 45 2 out of 2 points
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The Bible does not speak directly to financial decisions. Answer Selected Answer: False Question 46 2 out of 2 points According to the study guide, all strategy is essential for the success of a company. Answer Selected Answer: False Question 47 2 out of 2 points Target costing is only utilized to determine the breakeven amount. Answer Selected Answer: False Question 48 0 out of 2 points According to the study guide, one of the goals of managers should be to find a way to
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turn cost centers into profit centers. Answer Selected Answer: False Question 49 2 out of 2 points According to the study guide, strategic planning should follow the advice found in Proverbs 3:7. Answer Selected Answer: True Question 50 2 out of 2 points Luke 10:30-37 provides business managers with a guideline as to how they should conduct both their personal life, as well as their business life. Answer Selected Answer: True
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