Stichworte inventory costs

Stichworte: inventory costs

Which of the following costs will vary directly with the level of production Mcq?

Which of the following costs will vary directly with the level of production Mcq?

How can the use of vpns in the workplace contribute to lower operating costs?

How can the use of vpns in the workplace contribute to lower operating costs?

Is an input measure of the resource costs associated with goal accomplishment?

Is an input measure of the resource costs associated with goal accomplishment?

Which of the following costing systems is the only one to use estimated costs?

Which of the following costing systems is the only one to use estimated costs?

All of the following are various types of e marketing costs incurred by site developers except

All of the following are various types of e marketing costs incurred by site developers except

True or false: direct costs are very difficult to measure and, thus, are often estimated.

True or false: direct costs are very difficult to measure and, thus, are often estimated.

What are some possible reasons for high and rising costs of health care Quizlet

What are some possible reasons for high and rising costs of health care Quizlet

Each of the following organizations would most likely use job costing except ________.

Each of the following organizations would most likely use job costing except ________.

Match the types of channel costs in the left column to the correct description in the right column.

Match the types of channel costs in the left column to the correct description in the right column.

The computation of equivalent annual costs is useful when comparing projects with _____ lives.

The computation of equivalent annual costs is useful when comparing projects with _____ lives.

In what account are purchases recorded when the periodic inventory system is used?

In what account are purchases recorded when the periodic inventory system is used?

Labor costs that can be easily and conveniently traced to specific products are

Labor costs that can be easily and conveniently traced to specific products are

The balanced scorecard approach attempts to maintain as little inventory on hand as possible

The balanced scorecard approach attempts to maintain as little inventory on hand as possible

Manufacturers usually classify inventory into all the following general categories except:

Manufacturers usually classify inventory into all the following general categories except:

When standard overhead costs are charged to production during the period, ______

When standard overhead costs are charged to production during the period, ______

Why cant traditional product costing systems account for costs of volume diversity?

Why cant traditional product costing systems account for costs of volume diversity?

Which of the following costs should be capitalized in the costs of acquiring a building?

Which of the following costs should be capitalized in the costs of acquiring a building?

Which AWS service offers guidance on how you can further optimize your costs and identify areas to save money?

Which AWS service offers guidance on how you can further optimize your costs and identify areas to save money?

What type of inventory control system is typically used in a staple merchandise category?

What type of inventory control system is typically used in a staple merchandise category?

Which of the following statements about the inventory cost flow assumptions is true

Which of the following statements about the inventory cost flow assumptions is true

The method for allocating service department costs that requires the least clerical work is

The method for allocating service department costs that requires the least clerical work is

Which of the following cost of conversion cannot be included in cost of inventory

Which of the following cost of conversion cannot be included in cost of inventory

Before inventory purchases are recorded, the receiving report should be reconciled to what documents

Before inventory purchases are recorded, the receiving report should be reconciled to what documents

Which inventory method results in the highest net income during periods of rising prices

Which inventory method results in the highest net income during periods of rising prices

Under which of the following terms will the buyer be required to pay transportation costs?

Under which of the following terms will the buyer be required to pay transportation costs?

For which type of inventory would it be least logical to use the specific identification method?

For which type of inventory would it be least logical to use the specific identification method?

If less inventory is sold than manufactured absorption costing decreases net income

If less inventory is sold than manufactured absorption costing decreases net income

Under the absorption costing, the following are considered as product costs except

Under the absorption costing, the following are considered as product costs except

When the goods are sold their costs are transferred from work in process to finished goods True or false?

When the goods are sold their costs are transferred from work in process to finished goods True or false?

The primary purpose for allocating common costs to joint products is to determine

The primary purpose for allocating common costs to joint products is to determine

Can companies successfully pursue low costs and differentiation at the same time?

Can companies successfully pursue low costs and differentiation at the same time?

If the inventory cost is $18,000 and the market value is $20,000, then the company should ______.

If the inventory cost is $18,000 and the market value is $20,000, then the company should ______.

Which inventory costing methods are based on assumptions that accountants make about the flow of inventory costs?

Which inventory costing methods are based on assumptions that accountants make about the flow of inventory costs?

When costs can be traced to a particular cost object in an economically feasible way the cost is a quizlet?

When costs can be traced to a particular cost object in an economically feasible way the cost is a quizlet?

When costs can be traced to a particular cost object in an economically feasible way the cost is a direct cost?

When costs can be traced to a particular cost object in an economically feasible way the cost is a direct cost?

Which one of the following costs was incurred in the past and Cannot be recouped select one incremental side sunk opportunity erosion?

Which one of the following costs was incurred in the past and Cannot be recouped select one incremental side sunk opportunity erosion?

Which one of the following costs was incurred in the past and Cannot be recouped select one A incremental B side C sunk D opportunity E erosion?

Which one of the following costs was incurred in the past and Cannot be recouped select one A incremental B side C sunk D opportunity E erosion?

As inventory and ppe assets on the balance sheet are consumed, they are reflected:

As inventory and ppe assets on the balance sheet are consumed, they are reflected:

According to Littles law, which of the following can be used to estimate inventory

According to Littles law, which of the following can be used to estimate inventory

Calculate the value of the closing inventory of product B using absorption costing

Calculate the value of the closing inventory of product B using absorption costing

Under a blank______ pricing strategy, prices are set high to quickly recover development costs.

Under a blank______ pricing strategy, prices are set high to quickly recover development costs.

Costs incurred by a company that may develop its own goodwill internally should be

Costs incurred by a company that may develop its own goodwill internally should be

Generally accepted accounting principles (gaap) require that inventory be recorded at

Generally accepted accounting principles (gaap) require that inventory be recorded at

Under the perpetual inventory system which journal entry would indicate a purchase of merchandise

Under the perpetual inventory system which journal entry would indicate a purchase of merchandise

If ending inventory and cost of goods sold are added together, they should equal gross profit

If ending inventory and cost of goods sold are added together, they should equal gross profit

What account is debited for the acquisition of merchandise for resale in a perpetual inventory system?

What account is debited for the acquisition of merchandise for resale in a perpetual inventory system?

When inventory costs are rising, this method yields the highest cost of goods sold.

When inventory costs are rising, this method yields the highest cost of goods sold.

The higher the inventory velocity the more satisfied the companys customers will be

The higher the inventory velocity the more satisfied the companys customers will be

Under variable costing, the profit for a period is not affected by changes in inventory

Under variable costing, the profit for a period is not affected by changes in inventory

When raw materials are issued into production the raw materials account is debited?

When raw materials are issued into production the raw materials account is debited?

Which inventory costing most closely approximates current cost for ending inventory?

Which inventory costing most closely approximates current cost for ending inventory?

Which of the following costs changes in direct proportion to a change in the activity level?

Which of the following costs changes in direct proportion to a change in the activity level?

What is the most reliable way to assess pain in a patient who is cognitively intact?

What is the most reliable way to assess pain in a patient who is cognitively intact?

Which of the following is an advantage of using practical capacity to allocate costs?

Which of the following is an advantage of using practical capacity to allocate costs?

Which inventory account would include a product that is complete and waiting to be sold?

Which inventory account would include a product that is complete and waiting to be sold?

When an organization implements a division of labor the result is that the organization grows along with operating costs?

When an organization implements a division of labor the result is that the organization grows along with operating costs?

Logistics is the work required to move and position inventory throughout a supply chain

Logistics is the work required to move and position inventory throughout a supply chain

Which system is able to create purchase orders manage inventory and forecast future inventory needs?

Which system is able to create purchase orders manage inventory and forecast future inventory needs?

What are the three costs that are added to Work in Process accounts of a manufacturing company?

What are the three costs that are added to Work in Process accounts of a manufacturing company?

Which information would not be needed to determine inventory based on the retail method?

Which information would not be needed to determine inventory based on the retail method?

Why should a service departments budgeted costs rather than its actual costs be charged to operating departments quizlet?

Why should a service departments budgeted costs rather than its actual costs be charged to operating departments quizlet?

Standard costs are Preset costs for delivering a product or service under normal conditions

Standard costs are Preset costs for delivering a product or service under normal conditions

Is a segment of an organisation whose manager is responsible for both revenues and costs?

Is a segment of an organisation whose manager is responsible for both revenues and costs?

Does the standard unemployment rate underestimate or overestimate the employment problem?

Does the standard unemployment rate underestimate or overestimate the employment problem?

______ resource prices raise production costs and, assuming a fixed product price, ______ profits.

resource prices raise production costs and, assuming a fixed product price, profits.

The present value of $200,000 development costs in year 0 assuming a 10% discount rate is:

The present value of $200,000 development costs in year 0 assuming a 10% discount rate is:

Which of the following costs is relevant in deciding whether to sell joint product at split

Which of the following costs is relevant in deciding whether to sell joint product at split

The level of inventory of a manufactured product has increased by 5,000 units during a period

The level of inventory of a manufactured product has increased by 5,000 units during a period

For a supervisor of a manufacturing department, which of the following costs are controllable

For a supervisor of a manufacturing department, which of the following costs are controllable

All costs that are incurred between the split-off point and the point of sale are known as

All costs that are incurred between the split-off point and the point of sale are known as

Which of the following principles in the Belmont Report includes balancing potential costs and benefits to research participants?

Which of the following principles in the Belmont Report includes balancing potential costs and benefits to research participants?

What are the three inventory accounts used to record manufacturing cost in what order are these accounts used?

What are the three inventory accounts used to record manufacturing cost in what order are these accounts used?

Companies with large amounts of fixed costs will generally have a high operating leverage.

Companies with large amounts of fixed costs will generally have a high operating leverage.

The cost of land typically includes the purchase price and all of the following costs except

The cost of land typically includes the purchase price and all of the following costs except

Which of the following inventory method reports most closely the current cost of inventory?

Which of the following inventory method reports most closely the current cost of inventory?

Which inventory costing method most closely approximates current cost for cost of goods sold?

Which inventory costing method most closely approximates current cost for cost of goods sold?

Which inventory method will result in the lowest reported net income during periods with rising costs group of answer choices?

Which inventory method will result in the lowest reported net income during periods with rising costs group of answer choices?

What is the difference between the conventional retail inventory method and the cost method?

What is the difference between the conventional retail inventory method and the cost method?

When applying lower of cost or market method to inventory valuation market is defined as current replacement cost?

When applying lower of cost or market method to inventory valuation market is defined as current replacement cost?

Which of the following is a reason human resources might keep a skill inventory of employees

Which of the following is a reason human resources might keep a skill inventory of employees

Moneys collected in advance from borrowers to assure the payment of recurring costs are known as:

Moneys collected in advance from borrowers to assure the payment of recurring costs are known as:

Are selling and administrative expenses treated as product costs or period costs under variable costing What about manufacturing overhead MOH costs?

Are selling and administrative expenses treated as product costs or period costs under variable costing What about manufacturing overhead MOH costs?

Using absorption costing, which of the following manufacturing costs are assigned to products?

Using absorption costing, which of the following manufacturing costs are assigned to products?

The manager of a(n) center has control over costs, revenue, and investments in operating assets.

The manager of a(n) center has control over costs, revenue, and investments in operating assets.

Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?

Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?

What results from the added costs incurred as a result of exporting products from one country to another quizlet?

What results from the added costs incurred as a result of exporting products from one country to another quizlet?

What pricing concept is used if all costs are considered and a fair markup is added to determine the selling price quizlet?

What pricing concept is used if all costs are considered and a fair markup is added to determine the selling price quizlet?

Is the effort expended to identify those factors that are the root causes of activity costs?

Is the effort expended to identify those factors that are the root causes of activity costs?

A study comparing smokers’ and nonsmokers’ scores on a personality inventory is most likely to be

A study comparing smokers’ and nonsmokers’ scores on a personality inventory is most likely to be

What causes any differences between costs and profitability between traditional and ABC systems?

What causes any differences between costs and profitability between traditional and ABC systems?

To identify the best cost driver for a particular allocation consideration should be given to

To identify the best cost driver for a particular allocation consideration should be given to

Which of the following are the variable costs relative to number of units produced and sold?

Which of the following are the variable costs relative to number of units produced and sold?

Which of the following terms best represents the systematic reductions in production costs that have been observed to occur over the life of a product?

Which of the following terms best represents the systematic reductions in production costs that have been observed to occur over the life of a product?

The first step in setting the right price for a new product is to estimate demand, costs and profits

The first step in setting the right price for a new product is to estimate demand, costs and profits

Which of the following is the type of costs have not yet been incurred but will be incurred in future because of decisions that have already been taken?

Which of the following is the type of costs have not yet been incurred but will be incurred in future because of decisions that have already been taken?

Which of the following statements represents a similarity between financial and management accounting?

Which of the following statements represents a similarity between financial and management accounting?

Which of the following are among the five major dimensions measured in a personality inventory select all that apply multiple select question?

Which of the following are among the five major dimensions measured in a personality inventory select all that apply multiple select question?

Which of the following statements is a valid reason for chip manufacturers to carry minimal inventory?

Which of the following statements is a valid reason for chip manufacturers to carry minimal inventory?

Scms makes lean manufacturing processes such as just-in-time inventory practical. scms stands for:

Scms makes lean manufacturing processes such as just-in-time inventory practical. scms stands for:

According to the myers-briggs inventory, __________ need quiet time to recharge their batteries.

According to the myers-briggs inventory, __________ need quiet time to recharge their batteries.