Acc 241 Study guides, Class notes & Summaries

Acc 241 Exam Questions With 100% Correct Answers Budget Committee - answerA group of upper managers who are responsible for overall policy matters relating to the budget program and for coordinating the preparation of the budget and its final review and approval. Cost Center - answerA cost center is a business unit that is only responsible for the costs that it incurs. The manager of a cost center is not responsible for revenue generation or asset usage. The performance of a cost center i...

ACC 241 Exam Questions With 100% Correct Answers (Verified And Updated) A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at...

Acc 241 Exam Questions With 100% Correct Answers Budget Committee - answerA group of upper managers who are responsible for overall policy matters relating to the budget program and for coordinating the preparation of the budget and its final review and approval. Cost Center - answerA cost center is a business unit that is only responsible for the costs that it incurs. The manager of a cost center is not responsible for revenue generation or asset usage. The performance of a cost center i...

ACC 241 FINAL Exam Questions And Answers (Verified And Updated) Agent isn't liable as long as... - answerPrinicpal is fully disclosed If a principal is partially disclosed: - answerBoth agent and principal are liable If a principal is undisclosed - answerBoth agent and principal can be liable The principal is undisclosed. Who is going to be liable if this contract is breached? - answerBoth agent and principal could be liable Principal hires a minor to make contracts on behalf of the prin...

ACC 241 Exam Questions With 100% Correct Answers (Verified And Updated) A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at...

ACC 241 Exam Questions And Answers (Verified And Updated) If all direct materials are added at the end of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is - answer0% Flying High Manufacturing produces frisbees using a threeminus step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the ...

ACC 241 FINAL Exam Questions And Answers (Verified And Updated) Agent isn't liable as long as... - answerPrinicpal is fully disclosed If a principal is partially disclosed: - answerBoth agent and principal are liable If a principal is undisclosed - answerBoth agent and principal can be liable The principal is undisclosed. Who is going to be liable if this contract is breached? - answerBoth agent and principal could be liable Principal hires a minor to make contracts on behalf of the prin...

A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the following? A) Unskilled workers using more actual hours than standard, paid at a higher rate per hour than the standard rate B) Unskilled workers using less actual hours than standard, paid a lesser rate per hour than the standard rate C) Skilled workers using less actual hours than standard, paid at a higher rate per hour than the standard rate D) Skilled workers us...

Budget Committee A group of upper managers who are responsible for overall policy matters relating to the budget program and for coordinating the preparation of the budget and its final review and approval. Cost Center A cost center is a business unit that is only responsible for the costs that it incurs. The manager of a cost center is not responsible for revenue generation or asset usage. The performance of a cost center is usually evaluated through the comparison of budgeted to a...

ACC 241 (BASED ON ACCOUNTING,ECONOMICS AND FINANCE) STUDY GUIDE