Alpha Geek

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    Polytechnic State University Sanluis
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    Polytechnic State University
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Category > Business & Finance Posted 08 May 2017 My Price 8.00

Define prime cost and conversion cost.

 

14.        Define prime cost and conversion cost. Why can’t prime cost be added to conversion cost to get total product cost?

15.        Explain the difference between cost and expense.

16.        How does a period cost differ from a product cost?

17.        Define manufacturing overhead.

18.        Explain the difference between direct materials purchases in a month and direct materials used for the month.

19.        Why do firms like to calculate a percentage column on the income statement (in which each line item is expressed as a percentage of sales)?

20.        What is the difference between the income statement for a manufacturing firm and the income statement for a service firm?

21.        Define selling cost. Give five examples of selling cost.

22.        What is the difference between cost of goods manufactured and cost of goods sold?

23.        What is ethical behavior? Is it possible to teach ethical behavior in a managerial accounting course?

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 08 May 2017 09:05 AM My Price 8.00

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Attachments

file 1494236443-Answer.docx preview (378 words )
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