40.Product costs area.Expensed when incurred.b.Treated in the same manner as period costs.c.Inventoried.5
d.Immediately charged against revenues.41.Which of the following inventories would a company ordinarily hold for sale?42.Which of the following is NOT used to analyze cost behavior?43.The high-low method and least squares regression are used by accountants to44.The total production cost of a job is composed ofa.Direct material, direct labor, manufacturing overhead, and outlays for selling costs.b.Direct material, direct labor, and applied manufacturing overhead.c.Direct material, direct labor, manufacturing overhead, and outlays for both selling and administrative costs.d.Direct material, direct labor, and actual manufacturing overhead.45.In the two-stage cost allocation process, costs are assigned46.MAS covers all areas of serving management except47.Which of the following will not impair the independence of a CPA in the rendition ofManagement Services?48.The salary for working at fast food chain that is sacrificed by a college student who pursues anaccounting degree full time is a(an)a.Joint cost. c. Opportunity cost.b.Out-of-pocket cost.d. Diferential cost.
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- Fall '19