Quiz Chapter 1 1. What is data? What is information? (p.10) Data are facts‚ which may or may not be processed and have no direct effect on a user’s actions. Information causes the user to take an action that he or she otherwise could not‚ or would not have taken. 2. List tasks of database management. (p.12) Three database management tasks are data storage‚ data retrieval‚ and data deletion. 3. What services could not public accountings provide with their audit clients? (p.22) There are:
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company’s Department 2 costs for June were: Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) $16320 43‚415 56‚100 58‚575 The quantity schedule shows 12‚000 units were received during the month from Department 1; 7‚000 units were transferred to finished goods; and 5‚000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion cost. Required: Prepare Cost of production report. Solution: Department 2 Cost of Production
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CHFD311 Quiz 2 Question 1 of 29 0.5 Points Which one of the following best describes socialization as developmental theorists typically use the term? A.Learning and following rules of moral behavior B.Molding children’s behavior so that it is appropriate for their society C.Interaction with other people‚ especially peers‚ in enjoyable activities D.Acquiring an increasingly complex understanding of interpersonal relationships Answer Key: B Question 2 of 29 0.5 Points Culture has a
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AC505 Practice Quiz #1 1. For which of the businesses would the job order cost system be appropriate? a. Auto repair shop b. Crude Oil refinery. c. Drug Manufacturer. d. Root beer producer. 2. Which of the following companies would most likely use job costing? a. Paper manufacturer. b. Paint Producer. c. Breakfast cereal maker. d. Advertising agency. 3. An equivalent unit of conversion costs is equal to the amount of conversion costs required to: a. Start a unit. b. Start and complete
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Costing Systems Introduction After completing the “Broadening Your Perspective” communication activity in chapter 17 in Accounting: Tools for business decision making‚ the author was able to determine what strategy Super Bakery‚ Inc. used to make their business run in a more efficient manner. In this essay‚ the author discusses why Super Baker’s management felt it necessary to install an activity-based costing (ABC) system. The author shares whether or not he agrees on the reasoning of this decision
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except: A.The law of sovereign foreign countries B.Foreign custom and religious law Correct C.Private contracts between parties in different states in the United States D.International treaties and conventions Answer Key: C Question 2 of 10 10.0 Points Political risk is not affected by a weak or volatile rule of law A.True Correct B.False Answer Key: B Question 3 of 10 10.0 Points Which of the following is not a required element for a valid contract in the United States
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Compare and contrast job order costing to process costing methods. Comparison: These systems are to determine the manufacturing costs of products. Both costing systems combine direct materials‚ direct labor and overhead which is indirect costs or could be considered a direct cost in the process costing method nonetheless both systems use this in the process of producing products. The manufacturing accountants assign cost objectives to raw materials inventory‚ work in process inventory and finished
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Chapter 5: Activity-Based Costing MULTIPLE CHOICE QUESTIONS 1. Consider the following statements regarding traditional costing systems: I.Overhead costs are applied to products on the basis of volume-related measures. II.All manufacturing costs are easily traceable to the goods produced. III.Traditional costing systems tend to distort unit manufacturing costs when numerous goods are made that have widely varying production requirements. Which of the above statements is (are) true? A. I only. B. II
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Knowledge Check Week 2Results Concepts Marginal Revenue‚ Marginal Cost‚ and Production Marginal Productivity Mastery 100% Questions Score: 12/14 1 2 3 7 100% 4 5 6 9 11 Average Total Cost 0% 8 10 Fixed and Variable Costs 100% 12 13 14 Concept: Marginal Revenue‚ Marginal Cost‚ and Production Concepts Marginal Revenue‚ Marginal Cost‚ and Production Mastery 100% Questions 1 2 3 7 1.Purely competitive firms increase total
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Question 1 2 out of 2 points "If a response is followed by a pleasurable consequence‚ it will tend to be repeated. If a response is followed by an unpleasant consequence‚ it will tend not to be repeated." This is a statement of ________________. Answer Selected Answer: Thorndike ’s Law of Effect Question 2 2 out of 2 points A Skinner box is most likely to be used in research on ______. Answer Selected Answer: operant conditioning Question 3 2 out of 2 points A child
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