ACG 2071 Exam Questions with Correct Answers
Question 1:
Conversion Cost
Answer:
Direct Labor + Manufacturing Overhead
Question 2:
Prime Costs
Answer:
Direct Labor + Direct materials
Question 3:
Product Cost (Inventoriable or Manufacturing)
Answer:
DM+DL+OH
Question 4:
Period Cost
Answer:
SAG costs
Question 5:
SAG costs are also called
Answer:
Operating Expenses
Question 6:
Conformance Cost
Answer:
Prevention + Appraisal
Question 7:
Non-Conformance Cost
Answer:
internal + external failure costs
Question 1:
Conversion Cost
Answer:
Direct Labor + Manufacturing Overhead
Question 2:
Prime Costs
Answer:
Direct Labor + Direct materials
Question 3:
Product Cost (Inventoriable or Manufacturing)
Answer:
DM+DL+OH
Question 4:
Period Cost
Answer:
SAG costs
Question 5:
SAG costs are also called
Answer:
Operating Expenses
Question 6:
Conformance Cost
Answer:
Prevention + Appraisal
Question 7:
Non-Conformance Cost
Answer:
internal + external failure costs