Examlex

Solved

A Technician Is Working on a Desktop Computer That Is

question 327

Multiple Choice

A technician is working on a desktop computer that is not performing as expected. Program windows sometimes open and close without user intervention. Windows cannot check for OS updates, and some websites are not accessible. Which of the following tasks should the technician perform FIRST?

Calculate and interpret direct labor costs as part of product costing.
Understand the concepts of variable and absorption costing.
Calculate unit product costs under variable and absorption costing methods.
Prepare income statements using variable and absorption costing.

Definitions:

Net Realizable Value

Net Realizable Value is the estimated selling price of goods minus the estimated cost of completion and sales expenses.

Accounts Receivable

Unpaid amounts by customers for goods or services already supplied by a company.

Write Off

The accounting action of declaring that an asset is partially or totally worthless, reducing its value to zero in the books.

Contra-Revenue Account

An account that is used to record reductions in gross revenue, such as sales returns, allowances, and discounts.

Related Questions