Chapter 3 College Accounting
Delivery of goods is associated with which of the following process? A. Revenue B. Expenditure C. Conversion D. Evaluation
A
Rent on manufacturing equipment A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
A
Which of the following is not part of the revenue process? A. Receive and accept order for goods and services B. Receive goods and services C. Receive payments for goods and services rendered D. Provide customer support
B
Y Variable A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
B
A cost that changes in direct proportion to an activity A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
E
selecting supplies for a company's good and services is part of the a. revenue b. expenditure c. conversion
b
A cost that does not change and is independent of the level of activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
A
A cost that does not change in total as activity changes A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
A
A cost that does not change in total as the amount of activity changes A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
A
A variable that does not depend on another variable A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
A
Retainer (fee) paid to attorney to represent company whether legal work is done or not A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
A
Supervisors salary A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
A
Which of the following is part of the revenue process? A. Provide customer support B. Pay suppliers for inventory C. Convert raw material into inventory for sale D. Order inventory for resale
A
X Variable A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
A
A revenue that changes in direct proportion to the change in activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
AB.
How a revenue behaves to the change in the level of operating activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
AC
How a cost behaves to change in the level of operating activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
AD
A cost that changes, but not proportionately to a change in activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
B
A cost that varies but not proportionately to a change in activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
B
A variable that changes subject to the change in another variable A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
B
Company pays for first 10,000 kilowatts then cost increases for every kilowatt used after 10,000 kilowatts A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
B
Company pays set fee for first 10 hours of service and then pays $50 per hour after than ten hours A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
B
The span of operating activity that is considered normal for the company A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
BC
A span of activity that is normal for a company A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
C
Basis that reflects the consumption or provision of resources A. Independent Variable B. Dependent Variable C. Relevant Range D. Activity Driver E. Variable Cost
D
A cost that changes in direct proportion to the change in activity A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue AC. Revenue Behavior AD. Cost Behavior AE. Activity Driver BC. Relevant Range
E
Fees paid by company based on hours spent repairing its computer A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
E
Material in each unit of product produced A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
E
Sales commission paid by company A. Fixed Cost B. Mixed Cost C. Fixed Revenue D. Mixed Revenue E. Variable Cost AB. Variable Revenue
E
Determining customers needs for goods and services is associated with which of the following processes? A. revenue B. expenditure C. conversion
a
Determining the credit and payment policies for customers is part of the a. revenue B expenditure c. conversion
a
which of the following is the ratio for calculating the current ratio a. current liabilities/current assets b. current assets / current liabilities c. current assets / total liabilities d. current assets / total sales
a