Stichworte cost hierarchy

Stichworte: cost hierarchy

A hotel will use a job order cost system for which of the following expenses?

A hotel will use a job order cost system for which of the following expenses?

On the cost of goods manufactured schedule, the cost of goods manufactured agrees with the

On the cost of goods manufactured schedule, the cost of goods manufactured agrees with the

In a job order cost accounting system, the raw materials inventory account is

In a job order cost accounting system, the raw materials inventory account is

A competitive firms marginal cost curve is regarded as its supply curve because

A competitive firms marginal cost curve is regarded as its supply curve because

Cost and schedule are a part of a Product Metrics b process Metrics c Project Metrics d all of above

Cost and schedule are a part of a Product Metrics b process Metrics c Project Metrics d all of above

Which of the following is not technology used to track cost flows in a company

Which of the following is not technology used to track cost flows in a company

The product cost accounting system used when discrete products are manufactured is known as a

The product cost accounting system used when discrete products are manufactured is known as a

Oak City issued a purchase order for supplies with an estimated cost of $4,950

Oak City issued a purchase order for supplies with an estimated cost of $4,950

First-line managers are those at the lowest level of the management hierarchy.

First-line managers are those at the lowest level of the management hierarchy.

What is the difference between actual and absorbed factory overhead is called?

What is the difference between actual and absorbed factory overhead is called?

Which would be an appropriate cost driver for the machining activity cost pool

Which would be an appropriate cost driver for the machining activity cost pool

Positions organized in a hierarchy of authority is an important characteristic of:

Positions organized in a hierarchy of authority is an important characteristic of:

Comparing the costs and benefits of each potential course of action is called:

Comparing the costs and benefits of each potential course of action is called:

What would happen to the equilibrium price and quantity of lattes if the cost?

What would happen to the equilibrium price and quantity of lattes if the cost?

Which of the following AWS service allows for effective cost management of multiple AWS accounts?

Which of the following AWS service allows for effective cost management of multiple AWS accounts?

Which AWS service allows for effective cost management of multiple AWS accounts

Which AWS service allows for effective cost management of multiple AWS accounts

Which of the following does not affect economic order quantity ordering process

Which of the following does not affect economic order quantity ordering process

Under variable costing, which of the following is not considered a product cost

Under variable costing, which of the following is not considered a product cost

Which of the following would be most effective in reducing agency costs within a firm?

Which of the following would be most effective in reducing agency costs within a firm?

The cost of robots used on an automotive assembly line is an example of a cost for _blank_.

The cost of robots used on an automotive assembly line is an example of a cost for _blank_.

Which cost accounting processes would be most appropriate for firms that mass produce large quantities of similar or homogeneous products?

Which cost accounting processes would be most appropriate for firms that mass produce large quantities of similar or homogeneous products?

Put the steps of the locational cost profit volume analysis in the correct order

Put the steps of the locational cost profit volume analysis in the correct order

A credit-based score that is highly predictive of future claims cost is an individuals

A credit-based score that is highly predictive of future claims cost is an individuals

Given a cost function C(Q) = 200 + 14Q + 8Q2, what is the marginal cost function

Given a cost function C(Q) = 200 + 14Q + 8Q2, what is the marginal cost function

Which of the following are focuses of the Reliability pillar of the well architected framework?

Which of the following are focuses of the Reliability pillar of the well architected framework?

What happens to each producers opportunity cost of fresh baked bread as more bread is produced

What happens to each producers opportunity cost of fresh baked bread as more bread is produced

When all of a companys job cost sheets are viewed collectively they form what is known as a N ______?

When all of a companys job cost sheets are viewed collectively they form what is known as a N ______?

What are the steps in developing a budgeted variable overhead cost-allocation rate?

What are the steps in developing a budgeted variable overhead cost-allocation rate?

Cost based transfers frequently include a normal markup to the costs as a surrogate for

Cost based transfers frequently include a normal markup to the costs as a surrogate for

The difference between actual and budgeted costs is the production cost variance.

The difference between actual and budgeted costs is the production cost variance.

Which pricing strategy focuses on setting the price based on competitors pricing?

Which pricing strategy focuses on setting the price based on competitors pricing?

Which type of evidence is considered to be the strongest ,according to the evidence hierarchy?

Which type of evidence is considered to be the strongest ,according to the evidence hierarchy?

Insurance on a companys buildings would most likely be classified as a ______________ cost?

Insurance on a companys buildings would most likely be classified as a ______________ cost?

Which is an advantage that regression techniques have over other cost estimation?

Which is an advantage that regression techniques have over other cost estimation?

The predetermined cost of performing an operation or producing a good or service

The predetermined cost of performing an operation or producing a good or service

When the total revenue is than the total cost the level of profit that occurs is a loss

When the total revenue is than the total cost the level of profit that occurs is a loss

The annual cost of a high utilization reserved usage depends on the number of hours used

The annual cost of a high utilization reserved usage depends on the number of hours used

In a job order cost system, raw materials purchased are debited to which account?

In a job order cost system, raw materials purchased are debited to which account?

The cost of equipment purchased by a company last year would be an avoidable cost

The cost of equipment purchased by a company last year would be an avoidable cost

Which of the following costs is most likely to be a batch-level cost in the cost hierarchy?

Which of the following costs is most likely to be a batch-level cost in the cost hierarchy?

The use of the lower of cost or market method of inventory valuation increases net income

The use of the lower of cost or market method of inventory valuation increases net income

Which of the following is not a common cost flow assumption used in costing inventory

Which of the following is not a common cost flow assumption used in costing inventory

Determine the fixed manufacturing cost per month at each of the following capacity levels

Determine the fixed manufacturing cost per month at each of the following capacity levels

Cost flow assumption that requires computation of a new average unit cost after each purchase.

Cost flow assumption that requires computation of a new average unit cost after each purchase.

Why might it be a mistake to allocate fixed costs to different products or segments?

Why might it be a mistake to allocate fixed costs to different products or segments?

Which of these is the price that an individual or a corporation pays for the use of anothers money?

Which of these is the price that an individual or a corporation pays for the use of anothers money?

The cost of a good or service, determined by the interaction of supply and demand

The cost of a good or service, determined by the interaction of supply and demand

Fifo, an inventory costing method, actually describes how to calculate the cost of ______.

Fifo, an inventory costing method, actually describes how to calculate the cost of ______.

Which of the following statements about the direct/indirect cost classification is true

Which of the following statements about the direct/indirect cost classification is true

What does the cost of a unit of product under absorption costing method consist of

What does the cost of a unit of product under absorption costing method consist of

B. if the fixed cost increased, would the new break-even point be higher or lower?

B. if the fixed cost increased, would the new break-even point be higher or lower?

Which term is applied to the excess of revenue from sales over the cost of merchandise sold?

Which term is applied to the excess of revenue from sales over the cost of merchandise sold?

Which of the following statements is an implication of the going concern assumption?

Which of the following statements is an implication of the going concern assumption?

Are expenses that change in proportion to the activity of a business or individual?

Are expenses that change in proportion to the activity of a business or individual?

You can use Azure Advisor to determine when it is cost effective to purchase reserved instances

You can use Azure Advisor to determine when it is cost effective to purchase reserved instances

Under Which inventory cost flow assumption is the cost of the most recent purchase?

Under Which inventory cost flow assumption is the cost of the most recent purchase?

Which of the following is likely to bottom out so further unit cost reduction become difficult?

Which of the following is likely to bottom out so further unit cost reduction become difficult?

Which of the following refers to unit cost increased a large scale of output group of answer choices?

Which of the following refers to unit cost increased a large scale of output group of answer choices?

Is the term used to describe the difference between the cost of inputs and the value or price of outputs?

Is the term used to describe the difference between the cost of inputs and the value or price of outputs?

Which inventory cost flow method will produce the highest income and asset values in an inflationary environment quizlet?

Which inventory cost flow method will produce the highest income and asset values in an inflationary environment quizlet?

What are the two categories of comparison when evaluating comparables to a subject property

What are the two categories of comparison when evaluating comparables to a subject property

The extent to which an organization uses fixed costs in its cost structure is measured by:

The extent to which an organization uses fixed costs in its cost structure is measured by:

Which of the following underlying assumptions form(s) the basis for cost-volume-profit analysis?

Which of the following underlying assumptions form(s) the basis for cost-volume-profit analysis?

Presented below are incomplete manufacturing cost data Determine the missing amounts

Presented below are incomplete manufacturing cost data Determine the missing amounts

The cost accounting system which is used when producing customized products is called

The cost accounting system which is used when producing customized products is called

A narrow scope strategic approach refers to a company that is not pursuing a low cost approach.

A narrow scope strategic approach refers to a company that is not pursuing a low cost approach.

Which of the following is not a factor that can lead to a low-cost position in the industry?

Which of the following is not a factor that can lead to a low-cost position in the industry?

Which of the following are example of the social level in Maslows hierarchy of needs?

Which of the following are example of the social level in Maslows hierarchy of needs?

Prices should primarily just reflect the cost involved in making a product or service

Prices should primarily just reflect the cost involved in making a product or service

Which variable overhead variance is more useful in controlling variable overhead costs and why?

Which variable overhead variance is more useful in controlling variable overhead costs and why?

Inflation the cost of living, and money supplies are all external forces for change in the dimension

Inflation the cost of living, and money supplies are all external forces for change in the dimension

A specialization hierarchy can have _____ level(s) of supertype/subtype relationships.

A specialization hierarchy can have _____ level(s) of supertype/subtype relationships.

What term describes the division of society into groups arranged in a social hierarchy?

What term describes the division of society into groups arranged in a social hierarchy?

Which inventory method approximates inventory valuation at the lower of cost or market?

Which inventory method approximates inventory valuation at the lower of cost or market?

Is a time-phased budget that project managers use to measure and monitor cost performance

Is a time-phased budget that project managers use to measure and monitor cost performance

The ____ is a measure of the cost efficiency with which the project is being performed.

The ____ is a measure of the cost efficiency with which the project is being performed.

Which of the following needs is a lower order need in maslows hierarchy of needs theory

Which of the following needs is a lower order need in maslows hierarchy of needs theory

Software suites offer three major advantages: lower cost, ease of use, and integration.

Software suites offer three major advantages: lower cost, ease of use, and integration.

Regarding the Cost of Goods Sold account, which of the following statements is incorrect

Regarding the Cost of Goods Sold account, which of the following statements is incorrect

The selling price of 12 eggs is equal to the cost price of 16 eggs find the profit percent

The selling price of 12 eggs is equal to the cost price of 16 eggs find the profit percent

Is primarily concerned with determination of cost of a product service a process or an operation?

Is primarily concerned with determination of cost of a product service a process or an operation?

Using economic value added (eva) to calculate residual income, the cost of capital employed is

Using economic value added (eva) to calculate residual income, the cost of capital employed is

Lower of cost or net realizable value as it applies to inventory is best described as the

Lower of cost or net realizable value as it applies to inventory is best described as the

The extent to which something provides economic value greater than its cost is called its

The extent to which something provides economic value greater than its cost is called its

Which of the following is least likely to be a critical success factor for a cost leadership firm?

Which of the following is least likely to be a critical success factor for a cost leadership firm?

Which of the following is a period cost salary of telephone receptionist in the sales office

Which of the following is a period cost salary of telephone receptionist in the sales office

Which of the following statements is incorrect regarding the lower-of-cost-or-market rule?

Which of the following statements is incorrect regarding the lower-of-cost-or-market rule?

What is software that is available for use at no cost but usually has some restricted usage rights Shareware Shareware purchased license purchased license Freeware?

What is software that is available for use at no cost but usually has some restricted usage rights Shareware Shareware purchased license purchased license Freeware?

In which product life cycle are the scope schedule and cost determined early and changes to scope are carefully managed?

In which product life cycle are the scope schedule and cost determined early and changes to scope are carefully managed?

Which of the following cost classification schemes is most relevant to responsibility accounting

Which of the following cost classification schemes is most relevant to responsibility accounting

Which of the following costs at a manufacturing company would be treated as a product cost under the absorption costing method quizlet?

Which of the following costs at a manufacturing company would be treated as a product cost under the absorption costing method quizlet?

Which of the following measures the profitability of each sales dollar above the cost of goods sold?

Which of the following measures the profitability of each sales dollar above the cost of goods sold?

In what method of computing depreciation where it assumes that the annual cost of depreciation?

In what method of computing depreciation where it assumes that the annual cost of depreciation?

What type of provision in the contract that indicates the possible adjustment of material cost and labor cost?

What type of provision in the contract that indicates the possible adjustment of material cost and labor cost?

Which of the following will remain constant if the level of cost driver activity increases within the relevant range?

Which of the following will remain constant if the level of cost driver activity increases within the relevant range?

What is created when your customers believe that your product has a better relationship between the cost and the benefits than any competitor?

What is created when your customers believe that your product has a better relationship between the cost and the benefits than any competitor?

What is an example of a “hidden” cost associated with basing production in a foreign location?

What is an example of a “hidden” cost associated with basing production in a foreign location?

Which accounting concept states that the transactions of a business must be recorded separately from those of its owners or other businesses?

Which accounting concept states that the transactions of a business must be recorded separately from those of its owners or other businesses?

Are usually derived from someone who uses experience and or information to determine the project duration and total cost?

Are usually derived from someone who uses experience and or information to determine the project duration and total cost?

When someone uses experience and or information from others to determine the project duration and total cost?

When someone uses experience and or information from others to determine the project duration and total cost?