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I. Questions 1. The three levels available are: Level 1, in which a company uses a plantwide overhead rate; Level 2, in which a company uses departmental overhead rates; and Level 3, in which a company uses activity-based costing. 2. New approaches to costing are needed because events of the last few decades have made drastic changes in many organizations. Automation has greatly decreased the amount of direct labor required to manufacture products; product diversity has increased in that...

I. Questions 1. a. Variable cost: A variable cost is one that remains constant on a per unit basis, but which changes in total in direct relationship to changes in volume. b. Fixed cost: A fixed cost is one that remains constant in total amount, but which changes, if expressed on a per unit basis, inversely with changes in volume. c. Mixed cost: A mixed cost is a cost that contains both variable and fixed cost elements. 2. a. Unit fixed costs will decrease as volume increases. b. Unit ...

NT ACCOUNTING - Solutions Manual CHAPTER 14 FUNCTIONAL AND ACTIVITY-BASED BUDGETING I. Questions 1. No. Planning and control are different, although related, concepts. Planning involves developing objectives and formulating steps to achieve those objectives. Control, by contrast, involves the means by which management ensures that the objectives set down at the planning stage are attained. 2. Budgets have a dual purpose, for planning and for following up the implementation of the plan...

Chapter 15 “How Well Am I Doing?”--Statement of Cash FlowsMultiple Choice Questions 16.Which of the following would be considered a “use” of cash for purposes of constructing a statement of cash flows?A)a decrease in accounts receivable.B)an increase in accounts payable.C)an increase in common stock.D)a decrease in bonds payable.Ans: D AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting LO: 1 Level: Medium 17.Which of the following would be considered a “sour...

I. Questions 1. The total “contribution margin” is the excess of total revenue over total variable costs. The unit contribution margin is the excess of the unit price over the unit variable costs. 2. Total contribution margin: Selling price - manufacturing variable costs expensed - nonmanufacturing variable costs expensed = Total contribution margin. Gross margin: Selling price - variable manufacturing costs expensed - fixed manufacturing costs expensed = Gross margin. 3. A company ...

Wk 3 – Practice: Topic 9: Assessing How Well Companies ManageTheir Inventories Quick CheckPoints20:Graded on Mar 05 at 22:00Your Submission:Submission20 / 20 (100.00%)Score:Grade Time:Mar 05 at 22:00Submitted On:Mar 05 at 22:00 1.Which of the following factors are used in calculating a company’s inventory turnover?oNet sales and average inventoryoCost of goods sold and average working capitaloAverage inventory and cost of goods soldoAverage accounts receivable and net sales FEEDBACK2 / 2 (...

CHAPTER 18Revenue RecognitionASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)

2024 Wellcare ACT Mastery Exam Questions and Answers verified answers Enrollment applications must be received by Wellcare no later than ___ calendar day(s) following receipt from the beneficiary. - ️1 Which elements are available as part of Wellcare's Sales Support model? - ️All of these Low-Income Subsidy (LIS), which is often referred to as Extra Help, reduces all Part D plan premiums - ️False Prior to completing the enrollment form, broker/agents should always co...

Brokers/Agents can access the following resources under the Shared Resources section in Centene Workbench. a.Training Resources b.Commission Resources c.Marketing Resources d.All of these d.All of These Although options for capturing and submitting SOAs vary by health plan, Wellcare accepts SOAs in which of the following methods? a.Ascend b.Telephonic c.Paper d.All of these d.All of These Brainpower Read More Marketing benefits in a service area where those benefits are not avail...

FEMA IS-317.a 2023 edition: Introduction to Community Emergency ResponseFinal Exam -- 15 questions Test Bank – 25 questions _____________________________________________________________ ______ 1. Three CERT volunteers are first on the scene of a car accident and provide assistance. This is an example of: A. Emergency disaster response B. Augmenting professional response resources C. Being good Samaritans D. Mitigating hazards 2. Which of the following statements is true about wor...