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Maria Gonzalez

Created on June 29, 2023

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QUIZ

Cost Accounting Course

By: María José González Méndez

START

06/10/18

QUESTION 1/7

Assets are the goods, rights and other resources that a company has.

False

True

QUESTION 2/7

¿What is a passive?

It is an account of a creditor nature that records the operating income of the entity.

Set of assets belonging to a person or an institution, susceptible to economic estimation.

It is made up of the financing of the company and the payment obligations towards third parties.

QUESTION 3/7

¿What is cost accounting?

Informs the detail of the costs that management needs for a better control of its current operations

Set of assets belonging to a person or an institution, susceptible to economic estimation.

Transactions that reduce utility and represent the consumption that the business has registered during a period of time

QUESTION 4/7

It focuses on collecting historical financial information, to apply it in the preparation of financial statements... The above text refers to accounting of:

Administrative accounting

Financial Accounting

pregunta 5/7

Item in which it is incurred with the intention of carrying out the elaboration of the products or for a service to be carried out. The above text is the concept of:

QUESTION 6/7

Actual costs and default costs belong to the classification of:

Time

Volume of activity

For your record

Function

QUESTION 7/7

Electricity used in heating a factory, is an example of:

Indirect manufacturing costs

Direct labor

Direct materials

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