Chapter 10 Standard Costs and the Balanced Scorecard
1. Ideal standards do not allow for machine breakdowns and other normal inefficiencies.
Ans: True AACSB: Reflective Thinking AICPA BB: Critical Thinking
AICPA FN: Reporting LO: 1 Le
Question No. 1:
On November 1, 2014 Stars Co. sold merchandise to Planets Company having a sale price of $5,000
with terms of 3/10, n30, FOP Shipping point.
Damaged goods of $200 were returned to stars Co. From Planets Co.
Stars Co. received p
Chapter 4 questions
Multiple choice questions
1. Process costing is used to account for:
A. large numbers of identical products that are produced in a continuous
B. small numbers of products that are produced in batches.
Final exam quiz ethics
3.75 / 3.75 points
Corporations are now increasingly realizing that they are accountable:
Chapter 1 The Ethics Environment
1) The difference between what the public thinks it is getting in audited financial statements and
what the public is actually getting is known as:
a. Credibility gap
b. Expectations gap
c. Audit gap
d. Stewardship gap
Kants Insight- Categorical
Morality- is a system of rules that one must
follow from a sense of duty.
Categorical imperative- Rational
Rational means a person who rejected this
principle would be guilty not merely of
being immoral but also of be