Traditional costing Study guides, Study notes & Summaries
Looking for the best study guides, study notes and summaries about Traditional costing? On this page you'll find 362 study documents about Traditional costing.
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Brooks Final Exam 2024 Questions & Answers 100% accurate!!
- Exam (elaborations) • 14 pages • 2024
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Brooks Final Exam 2024 Questions & Answers 100% accWhich of the following is not typical of traditional costing systems? - ANSWER-Use of multiple cost drivers to allocate overhead. 
 
Value-added activities - ANSWER-all of the above. 
 
Which of the following is a batch-level activity? - ANSWER-Purchase ordering 
 
The use of activity-based costing in service industries - ANSWER-all of these. 
 
An "Ordering and Receiving Materials" cost pool would most likely have as a cost driver: - ANSWER-n...
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WGU C213 Final Exam Questions and Answers 2023
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Order of assets listed on the balance sheet 
Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets, and intangibles. 
Current assets are listed before long-term assets. 
Current li...
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WGU C213 Final Exam 2023 Study Guide
- Exam (elaborations) • 13 pages • 2023
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Order of assets listed on the balance sheet 
Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets, and intangibles. 
Current assets are listed before long-term assets. 
Current li...
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ACC 202 Final Exam - Questions and Answers
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ACC 202 Final Exam - Questions and Answers ABC systems create ________. A) one large cost pool B) homogeneous activity-related cost pools C) activity-cost pools with a broad focus D) activity-cost pools containing many direct costs Activity based costing system differs from traditional costing systems in the treatment of ________. A) direct labor costs B) direct material costs C) prime costs D) indirect costs The fundamental cost objects of ABC are ________. A) activities B) cost drivers C) pr...
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ETS MFT BUSINESS EXAM 2023//2024
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ETS MFT BUSINESS 
EXAM 2023//2024 
The principal difference between variable costing and absorption costing centers on: 
a) whether variable manufacturing costs should be included as product costs 
b) whether fixed manufacturing costs should be included as product costs 
c) whether fixed manufacturing costs and fixed selling and administrative costs should 
be included as product costs 
d) none of these. - ANSWER B 
General Bikes is debating which marketing research options to employ. The trad...
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BUS 252 Accounting Test Bank 09 Questions and Answers(2022/2023)
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9. The first-stage allocation in activity-based costing is the process by which 
overhead costs are assigned to activity cost pools. 
TRUE 
AACSB: Reflective Thinking 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Remember 
Difficulty: 1 Easy 
Learning Objective: 07-02 Assign costs to cost pools using a first-stage allocation. 
20. Activity-based costing involves a two-stage allocation in which overhead costs are 
first assigned to departments and then to jobs. 
TRUE 
AACSB: Reflec...
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Brooks Final Exam 2024 Questions & Answers 100% accurate!
- Exam (elaborations) • 14 pages • 2024
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Which of the following is not typical of traditional costing systems? - ANSWER-Use of multiple cost drivers to allocate overhead. 
 
Value-added activities - ANSWER-all of the above. 
 
Which of the following is a batch-level activity? - ANSWER-Purchase ordering 
 
The use of activity-based costing in service industries - ANSWER-all of these. 
 
An "Ordering and Receiving Materials" cost pool would most likely have as a cost driver: - ANSWER-number of purchase orders. 
 
Which of the following...
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HubSpot Marketing Certification_ For the 2022 assessment exam!
- Other • 7 pages • 2023
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HubSpot Marketing Certification_ For the 2022 assessment exam! 
 
Why is social media an important part of inbound marketing? 
Social media helps you reach millions of people in distant countries. 
Users have the best customer service experiences in social media. 
Social media is a one-to-one medium you can use to market in a direct, human way. 
Social media has better advertising options than traditional media. 
 
When you dig deeper into the development of your buyer persona, what type of inf...
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Cost Accounting Foundations & Evolutions 10e By Kinney, Raiborn, Dragoo (Solutions Manual).
- Exam (elaborations) • 531 pages • 2024
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Cost Accounting Foundations & Evolutions 10e By Kinney, Raiborn, Dragoo (Solutions Manual). 
Table&of&Contents& 
Chapter 1 Introduction to Cost Accounting .................................................... 1 
Chapter 2 Cost Terminology and Cost Behaviors .......................................... 13 
Chapter 3 Predetermined Overhead Rates, Flexible Budgets, and 
Absorption/Variable Costing .......................................................... 41 
Chapter 4 Activity-Based Management and Ac...
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ADMS 2510 Managerial Accounting Chapter 5 Quiz - Questions with Verified Answers
- Exam (elaborations) • 150 pages • 2023
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Chapter 5 
1. When combining activities in an activity-based costing system, activities should be 
grouped together at the same level. For example, batch-level activities should not be 
combined with unit-level activities. 
Ans: True Difficulty: Easy 
2. Unit-level activities arise as a result of the total volume of production and are performed 
each time a unit is produced. 
Ans: True Difficulty: Easy 
3. Unit-level production activities are performed each time a unit is made. 
Ans: True Diffic...
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