The finished product of one company can become raw materials for another company.

ACCT final (phần 1)

Quiz
•
Specialty
•
University
•
Hard
Giao Quỳnh
FREE Resource
36 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Manufacturing overhead costs include ______.
administrative taxes and insurance, sales commissions, and factory assembly workers' wages
indirect materials, factory supervisors' salaries, and factory depreciation
direct materials, administrative taxes and insurance, and sales commissions
direct materials, sales commissions, and factory assembly workers' wages
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
How a cost react to changes in activity level is referred to as cost _______________ . (Enter only one word per blank.)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Costs that remain constant in total are ______ costs.
fixed
both fixed and variable
variable
mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The break-even point is reached when the contributioned margin is equal to:
total sales
profit
total variable expense
total fixed expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Company A has a contribution margin ratio of 35%. For each dollar in sales, contribution margin will increase by ______.
$0.35
$0.65
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To be traced to a cost object such as a particular product, the cost must be incurred to make the product.
True
False
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