ACCT 505 MIDTERM EXAM QUESTIONS AND ANSWERS (ACCT 505 MIDTERM EXAM QUESTIONS AND ANSWERS)
University Of Phoenix
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Exam (elaborations)
Acct 505 Midterm Exam Questions And Answers
Acct 505 Midterm Exam &Newline;Questions And Answers
Exam (elaborations)
Acct 505 Midterm Exam Questions And Answers
PopularACCT 505 MIDTERM EXAM 
QUESTIONS AND ANSWERS 
1. Question : (TCO A) Direct material cost is a part of 
Student Answer: 
Conversion Cost NO.... Prime Cost NO. 
Conversion Cost YES.... Prime Cost NO. 
Conversion Cost YES.... Prime Cost YES. 
Conversion Cost NO.... Prime Cost YES. 
Instructor 
Explanation: 
See Chapter 2. 
Question 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current 
decision is classified as a(n) 
Student Answer: 
period cost. 
incremental cost. 
...