Acct 505 Week 4 Midterm Exam (4 Versions)

ACCT 505 Week 4 Midterm Exam (4 Versions)

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http://devrycourse.com/ACCT%20505/acct-505-week-4-midterm-exam-4-versions

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1. (TCO A) Wages paid to a timekeeper in a factory are a ______.

2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be ______.

3. (TCO A) Inventoriable costs are also known as ______.

4. (TCO A) Within the relevant range, variable costs can be expected to ______.

5. (TCO F) When manufacturing overhead is applied to production, it is added to ______.

6. (TCO F) Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs ______.

7. (TCO F) Equivalent units for a process costing system using the FIFO method would be equal to___.

8. (TCO B) The contribution margin ratio always decreases when the ______.

9. (TCO B) The break-even point in unit sales is found by dividing total fixed expenses by______.

10. (TCO E) Under variable costing, ______.

ACCT 505 Week 4 Midterm Exam (4 Versions)

Purchase here

http://devrycourse.com/ACCT%20505/acct-505-week-4-midterm-exam-4-versions

Product Description

1. (TCO A) Wages paid to a timekeeper in a factory are a ______.

2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by the Department of Surgery to be ______.

3. (TCO A) Inventoriable costs are also known as ______.

4. (TCO A) Within the relevant range, variable costs can be expected to ______.

5. (TCO F) When manufacturing overhead is applied to production, it is added to ______.

6. (TCO F) Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs ______.

7. (TCO F) Equivalent units for a process costing system using the FIFO method would be equal to___.

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