Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
6 Cards in this Set
- Front
- Back
|
Which of the following costs incurred by a paper manufacturer would be included in the group of costs referred to as conversion costs. a)Raw Lumber b)sales Salaries c)depreciation of building d) Janitorial costs in the factory |
D. Janitorial costs in the factory |
|
|
Equivalent production units, usually are determined for a)Direct materials only b)Direct materials and conversion costs c)Conversion costs only d)Direct materials and overhead costs only |
B. Direct materials and conversion costs. |
|
|
which of the following would probably use a process costing system? a) an bubble gum manufacturer b) a custom furniture manufacturer c) a one of kind jewelry creator d) a custom boat builder |
A. an bubble gum manufacturer |
|
|
Which of the following describes the behavior of the variable cost per unit? a) Varies in increasing proportion w/changes in activity level b)Varies in decreasing proportion w/changes in activity level c) remains constant with changes in the activity level d)varies in direct proportion w/the activity level |
C. remains constant with changes in the activity |
|
|
What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and provide a profit? a)costs and expenses ratio b) break-even point c)contribution margin ratio d) profit ratio |
C.contribution margin ratio |
|
|
Which of the following conditions would cause the break even point to decrease? a)unit selling prices prices decreases b)total fixed costs increases c)unit variable costs increases d)unit variable costs decreases |
D.unit variable costs decreases |
