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ACCT 505 Week 4 Midterm Examination

ACCT 505 Week 4 Midterm Examination

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ACCT 505 Week 4 Midterm Examination

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ACCT 505 Week 4 Midterm Examination

1. (TCO A)  Direct material cost is a part of (Points : 6)

Conversion Cost NO…. Prime Cost NO.

Conversion Cost YES…. Prime Cost NO.

Conversion Cost YES…. Prime Cost YES.

Conversion Cost NO…. Prime Cost YES.

 

Question 2.2. (TCO A)  Total fixed costs (Points : 6)

will increase with increases in activity.

will decrease with increases in activity.

are not affected by activity.

should be ignored in making decisions because they can never change.

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