ACC 227 ACC227 Module 2 Check Your Understanding Answers (AAU Online)
1.The practice of management accounting involves:
2.Wages paid to workers who perform the work to transform materials into finished goods are called:
3.Insurance on the factory building would be part of which type of cost:
4.Which type of cost is normally incurred for the benefit of several segments?
5.Another term for incremental costs is:
6.In terms of cost behavior, direct materials costs are:
7.In a manufacturing company, advertising expense would best be classified as a:
8.A cost that is not affected by a future decision is termed:
9.Assume that Gronen Company has total variable costs of $180,000 when 60,000 units are sold. If 100,000 units were sold, total variable costs would be:
10.Costs of manufacturing products can be broken down into what three elements?
11.Units that have completed the production process and are ready for sale to customers are called:
12.A company that produces posters customized to customer specifications would probably use which method of product costing?
1 3.Raw material inventory is credited:
14.Cost of goods sold is debited when:
15.At year end, a company has a debit balance in the overhead account. This means that:
We Also Recommend
"Applying Skills Learned" Please respond to the following- From the e-Activity, explain what you learned about the Website you selected
(TCO 3) Managers are often required to make decisions about the future based