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Quiz for ACCT 3270 - COST ACCOUNTING with Fayard at North Texas (UNT)

Quiz Information

Material Type:Quiz 1
Professor:Fayard
Class:ACCT 3270 - COST ACCOUNTING
Subject:Accounting
University:University of North Texas
Term:Fall 2010
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Sample Document Text

Name: _______________ Activity 1 02/08/2010 Select the best answer: __N__ 1 Inventoriable costs A Linear cost function that is neither strictly fixed or strictly variable. __H___ 2 Period Costs B Term used to describe the assignment of a direct cost to a cost object __E__ 3 Direct Costs of a cost object C Costs associated with the units of product that were sold in the period. ___J__ 4 object Indirect costs of a cost D Cost behavior that changes proportionally to a change in a level of activity. ___R__ 5 Cost Pool E Costs that can be traced to a cost object. ___L__ 6 Allocation base F All costs associated with manufacturing a product that remain on the Balance Sheet until sold at which point they are recognized as an expense. ___O__ 7 Cost object G A cost whose behavior cannot be described with a straight line __S__ 8 Cost driver H All cost other than inventoriable costs. These cost are expense...
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