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BAM 110 BAM110 Exam 3 with Answers (CCU)


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____ is the excess of sales over variable costs.

Which of the following are the two main types of cost accounting systems for manufacturing operations?

The ability of a business to earn a reasonable amount of income is referred to as the factor of ______.

Which of the following items would be classified as a part of prime cost?

If the cost of direct materials is not a significant portion of the total product cost, it may be classified as ______.

Which of the following transactions decreases the profitability of a company?

Which of the following is considered a part of factory overhead cost?

Which of the following is an example of direct labor cost for an airplane manufacturer?

Which of the following is the formula to calculate current ratio?

The cost of a product warranty should be included as an expense in the ______.

Finished goods inventory includes _____.

Which of the following is included in the computation of the quick ratio?

Which of the following ratios provides a solvency measure that shows the margin of safety of noteholders or bondholders and also gives an indication of the potential ability of the business to borrow additional funds on a long-term basis?

If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at an amount

The electricity expense in a production plant is an example of a ______.

The systematic examination of the relationships among selling prices, volume of sales and production, costs, expenses, and profits is termed:

Which of the following activity bases would be the most appropriate for food costs of a hospital?

Which of the following conditions would cause the break-even point to increase?

Which of the following statements is a difference between financial accounting and managerial accounting?

Which of the following manufacturing costs is an indirect cost of producing a product?

Which of the following is TRUE of job order cost systems?

Under direct costing, only _____ manufacturing costs are included in the product cost.

A company’s ability to pay its current liabilities is called ______.

If bonds are issued at a premium, the stated interest rate is ______.

The par value per share of common stock represents ______.

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