Reference no: EM132675140
Problem 1: Which of the following is NOT a period cost?
Option 1: Cost of a seminar concerning tax law updates that was attended by the company's controller.
Option 2: Salary of a clerk who handles customer billing.
Option 3: Insurance on a company showroom where customers can view new products.
Option 4: Depreciation of factory maintenance equipment.
Problem 2: In the standard cost formula Y = a + bX, what does the "X" represent?
Option 1: the level of activity
Option 2: total cost
Option 3: variable cost per unit
Option 4: total fixed cost
Problem 3: Which ?of? the ?following? does ?NOT ?describe ?management ?accounting?
Option 1: detailed? information
Option 2: externally?focused
Option 3: emphasis? on? the ?future
Option 4: evaluation ?of ?segments? or ?products? within ?the ?firm