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Posted: July 15th, 2022
Managerial/Financial Accounting paper
Managerial/Financial Accounting paper
managerial and financial accounting.
2.    Define and/or calculate the following:
a.    Product vs Period Costs
b.    Direct vs Indirect Costs
c.    Manufacturing Overhead
d.    Raw Materials Inventory
e.    Work-in-Process Inventory
f.     Finished Goods Inventory
g.    Average Cost per Unit
h.    Cost of Goods Manufactured and Sold
i.     SG&A
j.     Cost Allocation
k.    JIT Inventory
Chapter 11 – 10 Multiple Choice Questions
1.    Know how fixed, variable, and mixed costs behave.
2.    Define and/or calculate the following:
a.    Contribution Margin
b.    High-Low Method
c.    Cost Formula
d.    Break-Even in Units and Dollars
e.    Target Profit in Units and Dollars
f.     Margin of Safety in Units and Percentage
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