ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS (ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS)
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ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS
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---8June 20212020/2021A+
- ACCT 505 WEEK 4 MIDTERM EXAM 
ANSWERS 
1. Question : (TCO A) Wages paid to an assembly line worker 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. 
: Chapter 2 
2. Question : (TCO A) A cost incurred in the past that is not relevant to any current 
decision is classified as a(n) 
: 
period cost. 
incremental cost. 
opportunity cost. 
None of the above 
: Chapte...
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