Coughing and Sneezing on Foods,or Exposing Them to Infected Cuts

question 21

Multiple Choice

Coughing and sneezing on foods,or exposing them to infected cuts or sores allows __________ to contaminate the food.

• A) Staphylococcus aureus
• B) Vibrio cholerae
• C) Clostridium botulinum
• D) Hepatitis A

Differentiate between costs treated as product costs under absorption and variable costing methods.

Understand and prepare contribution margin and manufacturing margin reports.

Analyze the impact of cost assignment methods on income statements under different costing methods.

Calculate production cost per unit, ending inventory costs under both variable and absorption costing.

---

Definitions:

Equivalent Units

A method used in cost accounting to express partially completed goods in terms of complete units.

Units Finished

The quantity of completed products available for sale or distribution at the end of an accounting period.

Conversion Costs

Combined costs of direct labor and manufacturing overhead incurred to convert raw materials into finished goods.

Conversion Cost

The combined costs of direct labor and overhead expenses incurred to convert raw materials into finished products.