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Please highlight the correct answers to the following attached quiz Job costing entails _____________________. (Points : 1) tracking the costs of an employment search development
Please highlight the correct answers to the following attached quiz
Job costing entails _____________________. (Points : 1) tracking the costs of an employment search development of a tracking system to match costs to jobs estimating the price of raw materials that may be needed to complete a customer job none of the items listed here 0 -695627990 MultipleChoice 1 Question 2. 2. Job costing __________________________. (Points : 1) is only used when manufacturing a product cannot be used for a service business since no product is created can be utilized in a variety of business types cannot be utilized when manufacturing a product 0 -695627989 MultipleChoice 2 Question 3. 3. Which of the following would typically use a process costing system? (Points : 1) More than one of these listed. Paint Glass Custom built home 0 -695627988 MultipleChoice 3 Question 4. 4. The Equivalent units concept general applies to ___________________. (Points : 1) job order costing process costing ABC costing none of the items listed here 0 -695627987 MultipleChoice 4 Question 5. 5. ABC is a costing model that _______________________. (Points : 1) is simple and inexpensive to use is rarely used because it is not very accurate is not really a costing model is not accepted by GAAP 0 -695627986 MultipleChoice 5 Question 6. 6. Mixed costs ____________________________________. (Points : 1) are costs that are all mixed up have both a variable and a fixed component are not impacted by volume fluctuations are not defined in any of these responses 0 -695627985 MultipleChoice 6 Question 7. 7. A technique used to estimate the fixed and variable components of a mixed cost is ____________. (Points : 1) high-low method regression analysis is not represented here represented by more than one of the solutions listed here 0 -695627984 MultipleChoice 7 Question 8. 8. Cost-Volume-Profit Analysis ________________________. (Points : 1) gives management the same information as the income statement is helpful in assessing the relationships between costs, business volume, and profitability is an essential tool used by investors to make investment decisions can only be interpreted by a master accountant 0 -695627983 MultipleChoice 8 Question 9. 9. Contribution margin _____________________________________. (Points : 1) is equal to net income equals variable expenses minus fixed expense is the next available dollar of income after all fixed costs are covered equals revenues minus variable expenses 0 -695627982 MultipleChoice 9 Question 10. 10. Cost-Volume-Profit Analysis _____________________________. (Points : 1) can be utilized to find the firms breakeven point in units is only concerned with variable costs is only concerned with fixed costs is not represented by any of the answers listed hereStep by Step Solution
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