A Cost Incurred in Past Not Relevant to Current Decision is…
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Asks about a cost from the past that is not relevant to a decision.
Garrison, Noreen, and Brewer
Advantages of Variable Costing and the Contribution Approach- LO 6-3
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Which of the following costing is best used for cost-volume-profit analysis?
All Can be Differential Costs Except:
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Asks which can not be a differential cost
Applying Manufacturing Overhead – LO 3-1
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
What is recorded when manufacturing overhead is applied to Work in Process?
As Level of Activity Increases, how do mixed costs (both in total and per unit) behave?
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Asks about two columns IN TOTAL and PER UNIT and how mixed costs behave.
Assuming Direct Labor is a Variable Cost, Primary Difference Between Absorption & Variable
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Asks about the difference between absorption and variable costing with long winded, wordy answers.
Choosing an Allocation Base -LO 2-3.
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
How can a company typically improve job cost accuracy? They can use:
Classifying Costs as Product or Period Costs – Issac Aircams LO1-3
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Issac Aircams spy cameras. Classify each cost listed as either a product cost or a period cost.
Classifying Manufacturing Costs – PC WorksLO1-2
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
The PC Works assembles computers Indicate whether it would be classified as direct materials, direct labor, manufacturing overhead, selling, or an administrative.
Common Mistakes- LO 6-5
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
A common mistake made by companies when assigning costs to the company segments?