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Erstellt / Aktualisiert 18.06.2018 / 18.06.2018
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0 Exakte Antworten 0 Text Antworten 180 Multiple Choice Antworten
Fenster schliessen

Reports prepared in financial accounting are general-purpose reports, whereas reports prepared in managerial accounting are usually special-purpose reports.

true

false

Fenster schliessen

Determining the unit cost of manufacturing a product is an output of financial accounting.

true

false

Fenster schliessen

 Controlling is the process of determining whether planned goals are being met. 

true

false

Fenster schliessen

Decision-making is an integral part of the planning, directing, and controlling functions.

true

false

Fenster schliessen

Manufacturing costs that cannot be classified as direct materials or direct labor are classified as manufacturing overhead.

True

False

Fenster schliessen

Both direct labor cost and indirect labor cost are product costs.

true

false

Fenster schliessen

Raw materials are equal to direct materials minus indirect materials.

true

false

Fenster schliessen

In calculating gross profit for a manufacturing company, the cost of goods manufactured is deducted from net sales.

true

false