4 SETS ACCT505 MIDTERM EXAM (4 SETS ACCT505 MIDTERM EXAM)
Devry University
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Exam (elaborations)
4 SETS ACCT505 MIDTERM EXAM
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---24January 20222021/2022A+
- 4 SETS ACCT505 MIDTERM EXAM 
ALL AC505 Week 4 Midterm 
SET 1 
QUESTION 1: 
Wages paid to a timekeeper in a factory are a: 
• Prime Cost YES.....Conversion Cost NO 
• Prime Cost YES.....Conversion Cost YES 
• Prime Cost NO....Conversion Cost NO 
• Prime Cost NO.....Conversion Cost YES 
QUESTION 2: 
A cost incurred in the past that is not relevant to any current decision is classified as a(n): 
• period cost. 
• opportunity cost. 
• sunk cost. 
• differential cost. 
QUESTION 3: 
In...
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Topscorer1
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Exam (elaborations)
4 SETS ACCT505 MIDTERM EXAM
-
---24November 20212021/2022A+
- 4 SETS ACCT505 MIDTERM EXAM ALL AC505 Week 4 Midterm SET 1 QUESTION 1: Wages paid to a timekeeper in a factory are a: • Prime Cost YES.....Conversion Cost NO • Prime Cost YES.....Conversion Cost YES • Prime Cost NO....Conversion Cost NO • Prime Cost NO.....Conversion Cost YES QUESTION 2: A cost incurred in the past that is not relevant to any current decision is classified as a(n): • period cost. • opportunity cost. • sunk cost. • differential cost. QUESTION 3: Inventoriable cost...
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ACADEMICAIDSTORE
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Exam (elaborations)
4 SETS ACCT505 MIDTERM EXAM
-
---24June 20212020/2021A+
- 4 SETS ACCT505 MIDTERM EXAM 
ALL AC505 Week 4 Midterm 
SET 1 
QUESTION 1: 
Wages paid to a timekeeper in a factory are a: 
• Prime Cost YES.....Conversion Cost NO 
• Prime Cost YES.....Conversion Cost YES 
• Prime Cost NO....Conversion Cost NO 
• Prime Cost NO.....Conversion Cost YES 
QUESTION 2: 
A cost incurred in the past that is not relevant to any current decision is classified as a(n): 
• period cost. 
• opportunity cost. 
• sunk cost. 
• differential cost. 
QUESTION 3: 
In...
-
$15.99 More Info
abram23