The ACA Code of Ethics

question 13

Multiple Choice

The ACA Code of Ethics:

• A) helps to stabilize the profession.
• B) answers nearly all questions that a counselor might have.
• C) sets forth ethical responsibilities that never change.
• D) is the single, universally accepted code of ethics for counselors.
• E) is updated every two or three years.

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Definitions:

Process Costing System

An accounting system used for homogenous products, where costs are accumulated and then assigned to units of output on an average basis.

Work in Process Account

An account that tracks the costs associated with goods that are in the process of being manufactured but are not yet complete.

Manufacturing Overhead Cost

Indirect costs related to manufacturing that cannot be directly tied to a specific product, including costs of managing the factory and maintenance.

Conversion Cost

Direct labor cost plus manufacturing overhead cost.