Homework Answers
1) Just in time
2)Financial Ccounting standard board
3) Managerial accounting
4)Securities and exchange commission
5) Activity based management
6) Non value added activities
7) Upstream cost
8) Re-engineering
9) Continous improvement
10) Cost of good sold
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Select the term from the list provided that best matches each of the following descriptions. 1...
Select the term from the list provided that best matches each of the following descriptions. 1....
Select the term from the list provided that best matches each of the following descriptions. 1. 2. 3 4. 5. 6. A cost that remains constant in total when volume changes The way a cost changes relative to changes in a measure of activity A company's cost mix or relative proportion of variable and fixed costs to total costs The difference between a company's sales revenue and its variable costs Costs composed of both fixed and variable components A cost...
Match each definition with its related term by selecting the appropriate term in the dropdown provided....
Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct if there is no term for the "Definition".) Activity-Based Costing Appraisal or Inspection Costs Batch-Level Activities External Failure Costs Definition A. Activities that are performed to benefit the organization as a whole. B. Activities that are independent of the of the number of units, but are performed for a group all at once. c. Activities that vary in...
Ttue/False Questions (1 point each) Circle One 1. The value chain comprises activities from research and...
Ttue/False Questions (1 point each) Circle One 1. The value chain comprises activities from research and des production process, but does not include activities related Id development through the or services Clated to the distribution of products True False 2. Cost information used for one managerial decision could be irrelevant for anot managerial decision. True False inting information to be comparable between firms 3. It is more important for financial accounting information to be comparab than to be useful for...
Match each definition with its related term by selecting the appropriate term in the dropdown provided....
Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" If there is no term for the "Definition".) Definition A Activities that are performed to benefit the organization as a whole B. Activities that are independent of the of the number of units, but are performed for a group all at once C. Activities that vary in direct proportion to the number of units produced or customers served...
true or false Chapter 1 - A Test True/False (3 Points) 1. Managerial accounting focuses on...
true or false
Chapter 1 - A Test True/False (3 Points) 1. Managerial accounting focuses on providing historical financial information to outside shareholders and creditors. 2. A process costing system is used by companies that produce similar or identical units of product including 3. The journal entry for recording timesheet submissions by employees working on various jobs will include a debit to the Direct Labor account. 4. A company that uses process costing may use several Work-in-Process Inventory accounts 3....
plz write correct alphabet next to each answer Match each of the numbered descriptions shown below...
plz write correct alphabet next to each answer
Match each of the numbered descriptions shown below with the lettered term it best describes, indicate your answer by entering the letter in the blank space next to each description. There is only one correct answer for each description. (A) Revenue Recognition Principle (B) Partnership (C) Generally accepted accounting principles (D) Cash Flow Statement (E) Matching Concept (F) Notes Payable (H) Expenses (0) Accounting Standards for Private Enterprises (J) Elements of the...
Select the correct term for each of the following descriptions. These are not necessarily complete definitions,...
Select the correct term for each of the following descriptions. These are not necessarily complete definitions, but there is only one possible answer for each term. Descriptions Terms The level and nature of risk attributable to a firm's activities and operations, and ignoring the risks associated with the firm's capital structure. The situation in which outsiders, such as external shareholders, credits, suppliers, and customers have less and inferior information about a firm's past, current, and future conditions and prospects, compared...
Instructions: Designate the best answer for each of the following questions. 1. A debit balance in...
Instructions: Designate the best answer for each of the following questions. 1. A debit balance in the Manufacturing Overhead account at the end of an interim month means that a. the balance should be reported as an asset in the monthly balance sheet. b. corrective action by management is necessary. c. overhead has been underapplied d. cost of goods sold should be credited on the monthly income statement. 2. In a job order cost system, which of the following accounts...
Number your paper from 1-9 and list the correct letter choice/term for each statement. A. Disparagement...
Number your paper from 1-9 and list the correct letter choice/term for each statement. A. Disparagement B. Gaming the system C. Gatekeeping D. Moral duty E. Moral option F. Patient advocate G. Role fidelity H. Scope of practice I. Self-referral 1. To belittle or criticize the skills, knowledge, or qualifications of another professional. 2. One who investigates and medicates patients' problems and complaints in relation to their health care services. 3. A process in which a patient or the patient's...
Namen Morgen MATCHING Match the letter of each term or concept that corresponds with the explanations...
Namen Morgen MATCHING Match the letter of each term or concept that corresponds with the explanations that follow Main product A Activity based costing system Activity driver H on value added activities By product Production budget cash budget Sales budget Joint cost K Split off point oint product C D E F 1 Budget that describes expected sales in units and dollars for the coming periods 2 Two or more products, each having relatively substantial value, that are produced simultaneously...
Select the term from the list provided that best matches each of the following descriptions. 1. 2. 3 4. 5. 6. A cost that remains constant in total when volume changes The way a cost changes relative to changes in a measure of activity A company's cost mix or relative proportion of variable and fixed costs to total costs The difference between a company's sales revenue and its variable costs Costs composed of both fixed and variable components A cost...
Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct if there is no term for the "Definition".) Activity-Based Costing Appraisal or Inspection Costs Batch-Level Activities External Failure Costs Definition A. Activities that are performed to benefit the organization as a whole. B. Activities that are independent of the of the number of units, but are performed for a group all at once. c. Activities that vary in...
Ttue/False Questions (1 point each) Circle One 1. The value chain comprises activities from research and des production process, but does not include activities related Id development through the or services Clated to the distribution of products True False 2. Cost information used for one managerial decision could be irrelevant for anot managerial decision. True False inting information to be comparable between firms 3. It is more important for financial accounting information to be comparab than to be useful for...
Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" If there is no term for the "Definition".) Definition A Activities that are performed to benefit the organization as a whole B. Activities that are independent of the of the number of units, but are performed for a group all at once C. Activities that vary in direct proportion to the number of units produced or customers served...
true or false
Chapter 1 - A Test True/False (3 Points) 1. Managerial accounting focuses on providing historical financial information to outside shareholders and creditors. 2. A process costing system is used by companies that produce similar or identical units of product including 3. The journal entry for recording timesheet submissions by employees working on various jobs will include a debit to the Direct Labor account. 4. A company that uses process costing may use several Work-in-Process Inventory accounts 3....
plz write correct alphabet next to each answer
Match each of the numbered descriptions shown below with the lettered term it best describes, indicate your answer by entering the letter in the blank space next to each description. There is only one correct answer for each description. (A) Revenue Recognition Principle (B) Partnership (C) Generally accepted accounting principles (D) Cash Flow Statement (E) Matching Concept (F) Notes Payable (H) Expenses (0) Accounting Standards for Private Enterprises (J) Elements of the...
Select the correct term for each of the following descriptions. These are not necessarily complete definitions, but there is only one possible answer for each term. Descriptions Terms The level and nature of risk attributable to a firm's activities and operations, and ignoring the risks associated with the firm's capital structure. The situation in which outsiders, such as external shareholders, credits, suppliers, and customers have less and inferior information about a firm's past, current, and future conditions and prospects, compared...
Instructions: Designate the best answer for each of the following questions. 1. A debit balance in the Manufacturing Overhead account at the end of an interim month means that a. the balance should be reported as an asset in the monthly balance sheet. b. corrective action by management is necessary. c. overhead has been underapplied d. cost of goods sold should be credited on the monthly income statement. 2. In a job order cost system, which of the following accounts...
Namen Morgen MATCHING Match the letter of each term or concept that corresponds with the explanations that follow Main product A Activity based costing system Activity driver H on value added activities By product Production budget cash budget Sales budget Joint cost K Split off point oint product C D E F 1 Budget that describes expected sales in units and dollars for the coming periods 2 Two or more products, each having relatively substantial value, that are produced simultaneously...
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