Cost Accounting Is Necessitated by

question 54

Multiple Choice

Cost accounting is necessitated by

• A)the high degree of conversion found in certain businesses.
• B)external reporting requirements for manufacturing companies.
• C)management's need to be aware of all production activities.
• D)management's need for information to be used for planning and controlling activities.

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Definitions:

Series Rheostat

An adjustable resistor used in series with a circuit to control the current flow by varying its resistance.

Field Exciter

A device or circuit that provides the necessary DC current to the magnetic field winding of a generator or motor to initiate or enhance its operation.

Differential Setting

In protective relays, refers to the adjustment that determines the difference in current or voltage at which the device will operate to protect electrical equipment.

Compounding

Generally indicates the voltage increase caused by the series field as compared to the voltage drop of the generator.