Please kindly answer all of the following questions. If you are not sure about the answer please leave it empty 1. Managers, that compare the predicted cost amount against actual costs to evaluate how well they did on a specific job is an example of which step of the five-step decision making process? A. Identify the problem with uncertainties. B. obtain information C. make predictions about the future. D. Make decisions by choosing among alternative. E.. Implemet the decision, evaluate performance, and learn. 2. When do managers compute the budgeted indirect cost rate? A. Annually B. Monthly C. Semi-annually D. Quartely E. Daily 3. Which of the following is not concern to manager that utilizes the process costing system: A. The cost object is known as a unit or multiple units of a distinct product B. Per-unit cost is average unit cost applied to simialr|product. C. Cost object is masses of identical or similar unit of a product or service. D. Allocates all of the product costs, including materials and labor. E. To obtain per-unit cost, divide total product costs of identical products by total number or units produced.
Please kindly answer all of the following questions. If you are not sure about the answer please leave it empty 1. Managers, that compare the predicted cost amount against actual costs to evaluate how well they did on a specific job is an example of which step of the five-step decision making process? A. Identify the problem with uncertainties. B. obtain information C. make predictions about the future. D. Make decisions by choosing among alternative. E.. Implemet the decision, evaluate performance, and learn. 2. When do managers compute the budgeted indirect cost rate? A. Annually B. Monthly C. Semi-annually D. Quartely E. Daily 3. Which of the following is not concern to manager that utilizes the process costing system: A. The cost object is known as a unit or multiple units of a distinct product B. Per-unit cost is average unit cost applied to simialr|product. C. Cost object is masses of identical or similar unit of a product or service. D. Allocates all of the product costs, including materials and labor. E. To obtain per-unit cost, divide total product costs of identical products by total number or units produced.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Please kindly answer all of the following questions. If you are not sure about the answer please leave it
empty
1. Managers, that compare the predicted cost amount against actual costs to evaluate how well they did on a specific
job is an example of which step of the five-step decision making process?
A. Identify the problem with uncertainties.
B. obtain information
C. make predictions about the future.
D. Make decisions by choosing among alternative.
E.. Implemet the decision, evaluate performance, and learn.
2. When do managers compute the budgeted indirect cost rate?
A. Annually
B. Monthly
C. Semi-annually
D. Quartely
E. Daily
3. Which of the following is not concern to manager that utilizes the process costing system:
A. The cost object is known as a unit or multiple units of a distinct product
B. Per-unit cost is average unit cost applied to simialr|product.
C. Cost object is masses of identical or similar unit of a product or service.
D. Allocates all of the product costs, including materials and labor.
E. To obtain per-unit cost, divide total product costs of identical products by total number or units produced.
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