Acct 505 Week 4 midterm exam answers

1.

Question :

(TCO A) Wages paid to an assembly line worker in a factory are a:

Student Answer:

 Prime Cost YES.....Conversion Cost NO

 Prime Cost YES.....Conversion Cost YES

 Prime Cost NO....Conversion Cost NO

 Prime Cost NO.....Conversion Cost YES

Instructor Explanation:

Chapter 2

Points Received:

6 of 6

Comments:

2.

Question :

(TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n):

Acct 505 Week 4 midterm exam answers

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