Which of the following is the cost of quality classification for costs, such as scrap or rework, that occur before a product is shipped to a customer?
Group of answer choices
A) Appraisal costs
B) Prevention costs
C) External failure costs
D) Internal failure costs
E) Rework and wastage
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In: Operations Management
Compare and contrast cost accounting vs. financial accounting.
In: Accounting
23. Which of the following is not an example of the opportunity cost of going to school?
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a. |
The nap a student could have enjoyed if he had not attended class. |
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b. |
The money a student could have earned by working if he had not gone to college. |
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c. |
The party a student could have enjoyed if he had not stayed in to study for his exam. |
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d. |
The money a student spends on rent for his apartment while attending school. |
In: Economics
Which of the following created by a plant is not an example of a spillover cost?
(a) pollution of a local river
(b) plant accidents affecting the local community
(c) mosquito and insect control on the plant grounds
(d) congestion of local roads around the plant
In: Economics
Which of the following is an example of an implicit cost in a farm business?
a. Wages paid to workers
b. The economic depreciation of capital equipment the farmer owns
c. Rent on a building
d. The cost of fertilizer suppled to a farmer by his/her vendor
In: Economics
Which of the following is considered to be an example of a side
cost or benefit for investment analysis?
1 Project Cannibalization
2 Project Synergies
3 Opportunity Costs
1 only
1 and 2 only
2 and 3 only
1,2 and 3
Which of the following statements is true about side
projects?
1 Opportunity costs are not considered relevant for cash flow
analysis
2 Product cannibalization occurs when a project compromises the
value created by another
3 Project synergies are commonly anticipated when one firm acquires
another
1 only
1 and 2 only
2 and 3 only
1,2 and 3
In: Finance
Which of the following is an example of a cost that does NOT change in total over wide ranges of volume or activity?
| A)the company president's salary | |
| B)cloth used to make shirts | |
| C)hourly wages for production line workers | |
| D)bottles used in a beverage company |
In: Accounting
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
Group of answer choices
direct labor
salary of a factory supervisor
units-of-production depreciation on factory equipment
direct materials
In: Accounting
Which of the following is an example of an expense?
Select one:
a. the cost of a proposed advertising campaign
b. the cost of a product delivered to a customer
c. the cost of the purchase of equipment
d. the write-off of an obsolete product
In: Accounting
Which of the following is not an example of a direct materials cost?
A) tires on a bicycle
B) engine in a car
C) shelves on a bookcase
D) nails used to manufacture a desk
In: Accounting