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ACCT 346 DEVRY WEEK 3 QUIZ (2 DIFFERENT SETS)

ACCT

ACCT 346 DeVry Week 3 Quiz (Version 2) Question 1. Question : Which of the following is not a goal of managerial accounting? Provide information needed for decision making. Provide information needed for creditors. Provide information needed for planning. Provide information needed for control. Points Received: 4 of 4 Comments: Question 2. Question : Which of the following is not a product cost? Direct materials Depreciation on finished goods warehouse Insurance on factory building Indirect labor Points Received: 0 of 4 Comments: Question 3. Question : Which of the following companies would use a job-order costing system? Construction Metal producer Chemical producer Plastic producer Points Received: 4 of 4 Comments: Question 4. Question : Which of the following is an example of a fixed cost? Materials Commissions Depreciation Direct Labor Points Received: 0 of 4 Comments: Question 5. Question : Which of the following costs is expensed as incurred? Direct materials Sales salaries Indirect labor Factory depreciation Points Received: 0 of 4

Comments: Question 6. Question : Which of the following is not a manufacturing cost? Direct materials Manufacturing overhead Accounting department costs Direct labor Points Received: 4 of 4 Comments: Question 7. Question: Which of the following costs is not part of manufacturing overhead? Electricity for the factory Depreciation of factory equipment Salaries for the production supervisors Health insurance for sales staff Points Received: 4 of 4 Comments: Question 8. Question : Variable cost per unit increases when the number of units produced increases. does not change when the number of units produced increases. decreases when the number of units produced increases. decreases when the number of units produced decreases. Points Received: 4 of 4 Comments: Question 9. Question : Which of the following costs does not change when the level of business activity changes? total fixed costs total variable costs total direct materials costs fixed costs per unit Points Received: 4 of 4 Comments: Question 10. Question : The principle that managers follow when they only investigate departures from the plan that appear to be significant is commonly known as small amounts don’t matter. management by exception. only labor and materials deserve attention. exceptional costs yield exceptional results. Points Received: 0 of 4

DEVRY ACCT 346 Week 4 Midterm 2
DEVRY ACCT 346 Week 4 Midterm 2
DEVRY ACCT 346 Week 4 Midterm 2
DEVRY ACCT 251 Week 3 Quiz
DEVRY ACCT 251 Week 3 Quiz