Question 1 Matching 60 Points 4 Points Each Match The Keyword With The Best Definition That Corresponds To The Keywo 1 (69.61 KiB) Viewed 9 times
Question 1 Matching 60 Points 4 Points Each Match The Keyword With The Best Definition That Corresponds To The Keywo 2 (67.25 KiB) Viewed 9 times
Question 1 MATCHING (60 points: 4 points each): Match the keyword with the best definition that corresponds to the keyword. Not all keywords will be used; no keyword will be used more than once. Cost allocation system best utilized in a batch processing environment. Costs that do not change based on changes in volume (within the relevant range). Occurs when the total contribution margin is equal to total fixed costs. Raw Materials, Work in Process, and Finished Goods Inventory are reported here. Calculated by subtracting variable costs from sales revenue. An example is when fixed costs must increase in order to meet a demand in production capacity. Fixed costs over the short-term would be an example of this. Advertising expense, shipping expense, and research and development are examples. [Choose ] [Choose ] [Choose ] [Choose ] [Choose ] [Choose ] [Choose] [Choose] < < > > 60 pts >
Calculated by subtracting variable costs from sales revenue. An example is when fixed costs must increase in order to meet a demand in production capacity. Fixed costs over the short-term would be an example of this. Advertising expense, shipping expense, and research and development are examples. Depreciation expense is always added back on this financial statement. Amount that sales can drop before a company will incur a loss. Used by internal decision makers, it does not have to be in accordance with GAAP. Direct materials, direct labor, and manufacturing overhead are examples. Costs that are not easily (or effectively) traced to a single job object. Calculated by adding direct materials plus direct labor. He constantly appears in your accounting nightmares. [Choose] [Choose ] [Choose ] [Choose] [Choose] [Choose ] [Choose] [Choose ] [Choose] [Choose] [Choose] > >
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