Question 10 Compte Marked out of The model whose goal is to eliminate waste while satistying the customer and providing a positive return to the company is: Managerial accounting b. Total quality management c. Customer orientation . d. Lean business model Pation Question 7 Complete Marked out of 0250 Which of the following is never included in direct materials costs? a. Involce costs of direct materials. b. Materials storage costs. c. Outgoing delivery charges d. Materials handling costs. P Flagestion Question 8 Como Product costs: Morked out of 0.50 Pag question a. Are costs that vary with the volume of activity . b. Aro expenditures necessary and integral to finished products, 0. Aro expenditures identified more with a time period rather than with finished products d. Include selling and administrative expenses Question 9 Complete The manufacturing statement is divided into four parts consisting of all of the following except: Maried out of Fag question a Computation of cost of goods sold, b. Computation of cost of goods manufactured. c. Overhead. d Direct materials. Question 10 The model whose goal is to eliminate want whithin the memorant Question 4 Completo Marked out of 050 All of the following statements regarding manufacturing costs are True except: a. When overhead costs vary with production, they are called variable costs. b. When overhead costs don't vary with production, they are called fxed overhead. c. Direct material costs that increase with production are called variable costs. d. The reporting of fixed and variable costs separately is not helpful to managers in analyzing cost behavior P Flag question Costs that are first assigned to inventory are called Quention 5 Complete Maked out of 0.50 Flag a Period costs. b. General costs. c. Administrative costo d Product costs to 6 Complete Morked out of 050 Continuous improvement: a. Is a measure of costs b. is a measure of profits. O Rejects the notion of good enough d. is not applicable to most businesses. Flag question Question 1 Complete Another title for goods in process inventory is: Aarked out of 2.50 a. Conversion costs. b. Work in process inventory c. Direct materials inventory. d. Indirect materials inventory. Fing question estion 2 Complete A primary difference between variable costs and fixed costs is: Marked out of 0.50 Flag question a. Variable costs per unit fluctuate and fixed costs per unit remain constant over the relevant range of activity. b. Variable costs per unit change in equal increments while total fixed costs change in proportion to the level of activity over the company's relevant range. c. Variable costs per unit are fixed and fixed costs per unit are variable over the relevant range of activity d. Variable costs per unit change in varying increments while fixed costs por unit change in equal increments over the relevant range of activity Which of the following costs would not be classified as factory overhead? Question 3 Complete Marked out of 0.50 F Flag question a. Expired insurance on factory equipment b. Wages of the factory janitor. Property taxes on maintenance machinery d. Metal doorknobs used on wood cabinets produced
