Stichworte Inventory cost

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Stichworte: Inventory cost

Which inventory costing method charges current cost against current revenues?

Which inventory costing method charges current cost against current revenues?

Which of the following statements about cost allocation is(are) most correct?

Which of the following statements about cost allocation is(are) most correct?

Which of the following is not required when using the retail inventory method

Which of the following is not required when using the retail inventory method

Single rate and dual rate methods used in allocating service department costs

Single rate and dual rate methods used in allocating service department costs

What term is used to describe the additional cost of producing one more unit?

What term is used to describe the additional cost of producing one more unit?

True or false: at a step that doesnt require a setup, more product variety leads to more inventory.

True or false: at a step that doesnt require a setup, more product variety leads to more inventory.

Which method reflects the most recent costs of inventory on the balance sheet?

Which method reflects the most recent costs of inventory on the balance sheet?

Which statement best represents the cost of doing business in a country with regard to economic factors?

Which statement best represents the cost of doing business in a country with regard to economic factors?

What is the cost of an advertising campaign divided by the number of people reached?

What is the cost of an advertising campaign divided by the number of people reached?

How does the variable cost per unit change as the level of activity or cost driver increases Why?

How does the variable cost per unit change as the level of activity or cost driver increases Why?

Unit variable cost does not change as the number of units of activity changes.

Unit variable cost does not change as the number of units of activity changes.

Which of the following are factors affecting the cost of a pulmonary rehabilitation program

Which of the following are factors affecting the cost of a pulmonary rehabilitation program

When marginal cost is less than average variable cost average variable cost is?

When marginal cost is less than average variable cost average variable cost is?

Custody of inventory is transferred to the shipping area upon authorization of:

Custody of inventory is transferred to the shipping area upon authorization of:

When regulators use a marginal cost pricing strategy to regulate a natural monopoly?

When regulators use a marginal cost pricing strategy to regulate a natural monopoly?

Identify the criterion used when indirect costs are assigned using cost drivers.

Identify the criterion used when indirect costs are assigned using cost drivers.

If fixed costs decrease, but variable cost and price remain the same, the break-even point

If fixed costs decrease, but variable cost and price remain the same, the break-even point

Which of the following statements regarding the cost of equity is(are) most correct?

Which of the following statements regarding the cost of equity is(are) most correct?

Trader joes biggest vulnerability in employing a best-cost provider strategy is

Trader joes biggest vulnerability in employing a best-cost provider strategy is

What is the main difference in the treatment of cost between absorption costing and direct costing?

What is the main difference in the treatment of cost between absorption costing and direct costing?

Cost benefit analysis is performed in Which of the following phases of SDLC MCQ

Cost benefit analysis is performed in Which of the following phases of SDLC MCQ

When inventory increases fixed manufacturing overhead is deferred in inventory?

When inventory increases fixed manufacturing overhead is deferred in inventory?

Select two limitations of the physical-measure method of joint-cost allocation.

Select two limitations of the physical-measure method of joint-cost allocation.

It is one of the most expensive art activities today because of the prohibitive cost of materials

It is one of the most expensive art activities today because of the prohibitive cost of materials

What conditions are necessary for a firm to pursue a low cost leadership strategy?

What conditions are necessary for a firm to pursue a low cost leadership strategy?

When the opportunity cost of producing a good rises as you produce more of it you experience?

When the opportunity cost of producing a good rises as you produce more of it you experience?

According to the law of increasing additional cost, the opportunity cost of producing

According to the law of increasing additional cost, the opportunity cost of producing

Identify and explain the types of costs that are involved in an inventory system

Identify and explain the types of costs that are involved in an inventory system

If the cost price of a flat is 94 of its selling price what is the profit percent

If the cost price of a flat is 94 of its selling price what is the profit percent

When actual costs are less than budgeted cost, the resulting variance is labeled as

When actual costs are less than budgeted cost, the resulting variance is labeled as

Variance analysis allows management to assign responsibility for variances so that:

Variance analysis allows management to assign responsibility for variances so that:

It is sometimes difficult, if not impossible, to find an appropriate cost driver

It is sometimes difficult, if not impossible, to find an appropriate cost driver

What is the major Difference between a periodic and a perpetual inventory system

What is the major Difference between a periodic and a perpetual inventory system

Ways to produce for inventory that result in increasing operating income include

Ways to produce for inventory that result in increasing operating income include

Under the retail method, the numerator in the cost-to-retail percentage includes

Under the retail method, the numerator in the cost-to-retail percentage includes

In general the largest portion of a products final cost can be attributed to which of the following

In general the largest portion of a products final cost can be attributed to which of the following

Which AWS service enables users to consolidated billing across multiple accounts?

Which AWS service enables users to consolidated billing across multiple accounts?

What is the relationship between marginal revenue and marginal cost for monopoly production?

What is the relationship between marginal revenue and marginal cost for monopoly production?

What is a method of inventory costing based on the actual cost of each item of merchandise?

What is a method of inventory costing based on the actual cost of each item of merchandise?

A buyer for a department store purchased 715 suits at $71 each estimate the total cost of the order

A buyer for a department store purchased 715 suits at $71 each estimate the total cost of the order

Which of the following is not a reason why inventory is a complex accounting and auditing area?

Which of the following is not a reason why inventory is a complex accounting and auditing area?

The cost of doing direct mail advertising depends on all of these things except which?

The cost of doing direct mail advertising depends on all of these things except which?

Refer to the diagram. at the profit-maximizing level of output, total cost will be

Refer to the diagram. at the profit-maximizing level of output, total cost will be

A cost incurred in the past that is not relevant to any current decision is classified as a(n):

A cost incurred in the past that is not relevant to any current decision is classified as a(n):

Use the following data to calculate the cost of ending inventory under the fifo method.

Use the following data to calculate the cost of ending inventory under the fifo method.

At a time of declining prices, which cost flow method will result in the highest ending inventory?

At a time of declining prices, which cost flow method will result in the highest ending inventory?

Which inventory method typically most closely matches the actual flow of inventory being sold?

Which inventory method typically most closely matches the actual flow of inventory being sold?

When consumers calculate the value of a product they look at the benefits and then subtract the cost?

When consumers calculate the value of a product they look at the benefits and then subtract the cost?

When price exceeds average variable cost but not average total cost the firm should in the short run?

When price exceeds average variable cost but not average total cost the firm should in the short run?

What are the auditors primary concerns in verifying the transfer of inventory from one location to another?

What are the auditors primary concerns in verifying the transfer of inventory from one location to another?

Auditors test the quantity of materials charges to work-in-progress by tracing these quantities to:

Auditors test the quantity of materials charges to work-in-progress by tracing these quantities to:

A systems analyst should provide ____ so managers can understand the full cost impact and timetable

A systems analyst should provide ____ so managers can understand the full cost impact and timetable

The higher the cost of capital the higher the present value of future cash inflows

The higher the cost of capital the higher the present value of future cash inflows

What technique is used with UTP cable to help protect against signal interference from cost OK?

What technique is used with UTP cable to help protect against signal interference from cost OK?

Cost estimating is linked very closely with scope, schedule and resource planning.

Cost estimating is linked very closely with scope, schedule and resource planning.

Rosenhan’s study of “on being sane in insane places” best illustrated which cost of labeling?

Rosenhan’s study of “on being sane in insane places” best illustrated which cost of labeling?

When prices are increasing, which inventory method will produce the highest cost of goods sold?

When prices are increasing, which inventory method will produce the highest cost of goods sold?

What is the name of the account in which purchases of merchandise are recorded in a perpetual inventory system?

What is the name of the account in which purchases of merchandise are recorded in a perpetual inventory system?

What account is debited when recording a inventory purchase using the perpetual inventory system?

What account is debited when recording a inventory purchase using the perpetual inventory system?

When the perpetual inventory system is used when inventory is purchased which account is debited?

When the perpetual inventory system is used when inventory is purchased which account is debited?

Which inventory system requires that the inventory account be updated when merchandise is purchased multiple choice question?

Which inventory system requires that the inventory account be updated when merchandise is purchased multiple choice question?

Whereas a merchandiser usually has one inventory account, a manufacturer has which of the following?

Whereas a merchandiser usually has one inventory account, a manufacturer has which of the following?

Tco refers to the original cost of purchased technology both hardware and software

Tco refers to the original cost of purchased technology both hardware and software

The simple model of production assumes that the opportunity cost of production is:

The simple model of production assumes that the opportunity cost of production is:

Total cost of Ownership is the sum of the cost elements Quality Service Delivery and Price

Total cost of Ownership is the sum of the cost elements Quality Service Delivery and Price

When a manufacturing company uses indirect materials, it accumulates the cost by debiting

When a manufacturing company uses indirect materials, it accumulates the cost by debiting

Match the terms relating to the retail inventory method to the correct explanation.

Match the terms relating to the retail inventory method to the correct explanation.

Under which condition would a low cost best value strategy be especially effective?

Under which condition would a low cost best value strategy be especially effective?

Which term refers to the unit cost reductions associated with increasing output levels?

Which term refers to the unit cost reductions associated with increasing output levels?

What contract type is a hybrid of both fixed price and cost reimbursable contracts?

What contract type is a hybrid of both fixed price and cost reimbursable contracts?

What Act requires creditors to tell customers the cost of credit before they use it?

What Act requires creditors to tell customers the cost of credit before they use it?

Which form of advertising is considered the most cost effective method for advertising a home?

Which form of advertising is considered the most cost effective method for advertising a home?

The unit product cost under absorption costing does not include fixed manufacturing overhead cost.

The unit product cost under absorption costing does not include fixed manufacturing overhead cost.

Although the project was finally completed it was six months late and 30 over budget

Although the project was finally completed it was six months late and 30 over budget

Which inventory cost flow method produces the highest net income in a deflationary period?

Which inventory cost flow method produces the highest net income in a deflationary period?

Budgeted expenses for areas other than manufacturing are shown on the ______ budget.

Budgeted expenses for areas other than manufacturing are shown on the ______ budget.

Which of the following are factors that affect profits in cost volume profit analysis?

Which of the following are factors that affect profits in cost volume profit analysis?

The term cost structure refers to the relative proportion of and costs in an organization.

The term cost structure refers to the relative proportion of and costs in an organization.

What is the variable cost per unit produced (to decimal Do not round intermediate calculations)

What is the variable cost per unit produced (to decimal Do not round intermediate calculations)

Which of the following is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement?

Which of the following is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement?

Fannie mae loans for manufactured housing should not be done using the cost approach?

Fannie mae loans for manufactured housing should not be done using the cost approach?

Which of the following is the first step in minimizing the total cost in the assignment model?

Which of the following is the first step in minimizing the total cost in the assignment model?

Why is the cost of external equity capital greater than the cost of retained earnings?

Why is the cost of external equity capital greater than the cost of retained earnings?

Which of the following would be an argument for using the gross cost of plant and equipment

Which of the following would be an argument for using the gross cost of plant and equipment

Which of the following scenarios would cause the cost of u.s. goods to fall in other countries?

Which of the following scenarios would cause the cost of u.s. goods to fall in other countries?

The cost price of 38 is equal to the selling price of 28 what is the percentage of profit

The cost price of 38 is equal to the selling price of 28 what is the percentage of profit

When the level of activity decreases within relevant range the fixed cost per unit will?

When the level of activity decreases within relevant range the fixed cost per unit will?

Both merchandising and manufacturing companies normally have multiple inventory accounts.

Both merchandising and manufacturing companies normally have multiple inventory accounts.

If the economy is currently producing at point A, what is the opportunity cost of moving to point B

If the economy is currently producing at point A, what is the opportunity cost of moving to point B

Economies of scope refers to the decrease in average total cost that can occur when a firm

Economies of scope refers to the decrease in average total cost that can occur when a firm

Difference between financial accounting and management accounting and cost accounting ppt

Difference between financial accounting and management accounting and cost accounting ppt

A work breakdown structure, project schedule, and cost estimates are outputs of the ______ process

A work breakdown structure, project schedule, and cost estimates are outputs of the ______ process

What is the term for the net realizable value when using the lower of cost or market rule?

What is the term for the net realizable value when using the lower of cost or market rule?

What is left after subtracting the cost of goods sold and all other expenses from revenue?

What is left after subtracting the cost of goods sold and all other expenses from revenue?

What are the qualitative factors in considering in accepting or rejecting a special order?

What are the qualitative factors in considering in accepting or rejecting a special order?

What helps Organisations reduce their investment in inventory while improving customer satisfaction through product availability?

What helps Organisations reduce their investment in inventory while improving customer satisfaction through product availability?

In target costing, managers design a product so that the products cost does not exceed ________.

In target costing, managers design a product so that the products cost does not exceed ________.

Which capital budgeting strategy assumes that cash inflows will be reinvested at the weighted average cost of capital WACC )?

Which capital budgeting strategy assumes that cash inflows will be reinvested at the weighted average cost of capital WACC )?

Which cost would be included in product costs under both absorption costing and variable costing?

Which cost would be included in product costs under both absorption costing and variable costing?

Which of the following costs at a manufacturing company would be treated as a product cost under both absorption?

Which of the following costs at a manufacturing company would be treated as a product cost under both absorption?