ACNT 2402

Lone Star College

Hier vind je de beste samenvattingen om te slagen voor ACNT 2402. Er zijn o.a. samenvattingen, aantekeningen en oefenvragen beschikbaar.

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Accounting Test Bank /ACNT 2402 Chapter 01 to chapter 12 Questions and Answers 2023& study guide with complete solution
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11

maart 2023
Accounting Test Bank /ACNT 2402 Chapter 01 to chapter 12 Questions and Answers 2023& study guide with complete solution
greatsolutions
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Tentamen (uitwerkingen)

ACNT 2402 Chapter 12 -- Statement of Cash Flows Questions and Answers 2023& study guide with complete solution
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6

maart 2023

2022/2023
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1. Collecting the principal on a loan to another company would be reported on the investing activities section of the statement of cash flows. TRUE 2. Money received from issuing bonds payable would be included as part of a company's financing activities on the statement of cash flows. TRUE 3. The collection of a loan made to a supplier would be treated as an investing activity on a statement of cash flows. TRUE 4. Paying taxes to governmental bodies is considered a cash outflow in the...
greatsolutions
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Tentamen (uitwerkingen)

ACNT 2402 Chapter 09 -- Performance Measurement in Decentralized Organizations – Study Guide
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10

maart 2023

2022/2023
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1. Land held for possible plant expansion would not be included as an operating asset when computing return on investment (ROI). TRUE 2. When used in return on investment (ROI) calculations, operating assets do not include investments in land held for future use and investments in other companies. TRUE 3. A disadvantage of using ROI to evaluate performance is that it encourages the manager to reduce the investment in operating assets as well as increase net operating income. FALSE 4. Op...
greatsolutions
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Tentamen (uitwerkingen)

ACNT 2402 Chapter 06 -- Variable Costing and Segment Reporting: Tools for Management – Study Guide
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11

maart 2023

2022/2023

A+
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1. Under variable costing, variable production costs are not treated as product costs. FALSE 2. Under variable costing, fixed manufacturing overhead cost is not treated as a product cost. TRUE 3. Under variable costing, product costs consist of direct materials, direct labor, and variable manufacturing overhead. TRUE 4. The costs assigned to units in inventory are typically lower under variable costing than under absorption costing. TRUE 5. Under variable costing, product cost does no...
greatsolutions
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Tentamen (uitwerkingen)

ACNT 2402 >Chapter 8 – Flexible Budgets, Standard Costs, and Variance Analysis Study Guide
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28

maart 2023

2022/2023

A
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1. Comparing a static planning budget to actual costs is a good way to assess whether variable costs are under control. FALSE 2. Directly comparing a static planning budget to actual costs helps to distinguish between differences in costs that are due to changes in activity and differences that are due to how well costs were controlled. FALSE 3. Fixed costs should be ignored when evaluating how well a manager has controlled costs. FALSE 4. Fixed costs should be included in a flexible b...
greatsolutions
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Case uitwerking

ACNT 2402 Chapter 02 Job-Order Costing- Study Guide VERIFIED 100%
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26

maart 2023

2022/2023
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1. The use of a predetermined overhead rate in a job-order cost system makes it possible to compute the total cost of a job before production is begun. FALSE 2. If direct labor-hours is used as the allocation base in a job-order costing system, but overhead costs are not caused by direct-labor hours, then jobs with high direct labor requirements will tend to be undercosted relative to jobs with low direct labor requirements. FALSE 3. The formula for computing the predetermined overhead r...
greatsolutions
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ACNT 2402 Chapter 05 -- Cost-Volume-Profit Relationships – Study Guide
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8

maart 2023

2022/2023
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1. Incremental analysis is generally the most complicated and least direct approach to decision making. TRUE 2. One assumption in CVP analysis is that the number of units produced and sold does not change. FALSE 3. Reynold Enterprises sells a single product for $25. The variable expense per unit is $15 and the fixed expense per unit is $5 at the current level of sales. The company's net operating income will increase by $10 if one more unit is sold. TRUE 4. One way to compute the tota...
greatsolutions
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Chapter 01 Managerial Accounting and Cost Concepts Questions and Answers (Solved)
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11

maart 2023

2022/2023
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1. Selling costs can be either direct or indirect costs. TRUE 2. A direct cost is a cost that cannot be easily traced to the particular cost object under consideration. FALSE 3. Property taxes and insurance premiums paid on a factory building are examples of period costs. FALSE 4. Conversion cost equals product cost less direct labor cost. FALSE 5. Thread that is used in the production of mattresses is an indirect material that is therefore classified as manufacturing overhead. TRUE ...
greatsolutions
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ACNT 2402 Chapter 04 -Questions and Answers 2023& study guide with complete solution
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12

maart 2023

2022/2023
1. When materials are purchased in a process costing system, a materials account is debited with the cost of the materials. TRUE 2. Costs are accumulated by department in a process costing system. TRUE 3. The following journal entry would be made in a processing costing system when units that have been completed with respect to the work done in Processing Department Z are transferred from Processing Department Z to Processing Department Y: Work in Process, Department Z XX X Work in ...
Studygreatsolutions
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ACNT 2402 Chapter 07 -Questions and Answers 2023& study guide with complete solution
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21

maart 2023

2022/2023
1. The cash budget is usually prepared after the budgeted income statement. FALSE 2. The manufacturing overhead budget is typically prepared before the production budget. FALSE 3. Self-imposed budgets prepared by lower-level managers should be scrutinized by higher levels of management. TRUE 4. The basic idea underlying responsibility accounting is that each manager should be held responsible for the overall profit of the company to ensure that all managers are acting together. FALSE ...
Studygreatsolutions
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