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ACC406 MIDTERM REVIEW EXAM WITH CORRECT QUESTIONS AND ANSWERS 2025

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ACC406 MIDTERM REVIEW EXAM WITH CORRECT QUESTIONS AND ANSWERS 2025

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ACC406

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ACC406

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Institution: ACC406
Course: ACC406

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Uploaded on: October 6, 2025
Number of pages: 4
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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acc406 midterm review exam with correct questions
indirect costcorrect answershard to trace
example the transportation of pizza toppings the
behaviour of fixed costcorrect answerswhen the cos

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ACC406 MIDTERM REVIEW EXAM
WITH CORRECT QUESTIONS AND
ANSWERS 2025

Indirect CostCORRECT-ANSWERSHard to trace

Example: The transportation of pizza toppings, the wages for the employees

Direct CostCORRECT-ANSWERSEasy to trace, physically observed

Behaviour of fixed costCORRECT-ANSWERSWhen the cost stays constant whether or not the

output increases or decreases

Mixed costCORRECT-ANSWERSThe combination of variable and fixed cost.

Behaviour of variable costCORRECT-ANSWERSThe cost varies in proportion to the output

increase or decrease

Characteristics of Financial Accounting (5)CORRECT-ANSWERSExternal, historical, must follow

rules, objective, information about the entire firm as a whole

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ACC406 MIDTERM REVIEW EXAM WITH CORRECT QUESTIONS AND ANSWERS 2025

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