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Posted: July 15th, 2022

Managerial/Financial Accounting paper

Managerial/Financial Accounting paper

managerial and financial accounting.

2.    Define and/or calculate the following:

a.    Product vs Period Costs

b.    Direct vs Indirect Costs

c.    Manufacturing Overhead

d.    Raw Materials Inventory

e.    Work-in-Process Inventory

f.     Finished Goods Inventory

g.    Average Cost per Unit

h.    Cost of Goods Manufactured and Sold

i.     SG&A

j.     Cost Allocation

k.    JIT Inventory

Chapter 11 – 10 Multiple Choice Questions

1.    Know how fixed, variable, and mixed costs behave.

2.    Define and/or calculate the following:

a.    Contribution Margin

b.    High-Low Method

c.    Cost Formula

d.    Break-Even in Units and Dollars

e.    Target Profit in Units and Dollars

f.     Margin of Safety in Units and Percentage

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