In the context of managerial accounting, _____ are costs that are incurred as the result of some specific cost object.
A. direct costs
B. implicit costs
C. indirect costs
D. fixed costs
Answer: A
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The Giga Company produces tablet computers. The following information is provided:
Required:Classify each of the company's costs as a period cost (general, selling, and administrative cost) or as a direct or indirect product cost. Enter the dollar amount of the cost in the appropriate column. After entering all amounts, calculate the total general, selling, and administrative cost, the total direct product cost, and the total indirect product cost.
What will be an ideal response?
First Community Credit Union and General Hydraulics. Inc, have their dispute re¬solved in arbitration. Be¬fore determining the award, the arbitrator meets with First Community's representative to discuss the dispute withoutGeneral Hydraulics'representative being present. If this meeting substantially prejudicesGeneral Hydraulics'rights, a court will most likely
a. compel arbitration. b. review the merits of the dispute. c. review the sufficiency of the evidence. d. set aside any award.
The _____ is the federal government agency charged with enforcing regulations against selling and distributing adulterated, misbranded, or hazardous products of a specific type.
A. Federal Trade Commission B. Consumer Product Protection Commission C. U.S. Justice Department D. Food and Drug Administration E. American Safety League
Rovio, the parent company of the popular Angry Birds app, made several marketing mix decisions that were considered to be part of its distribution. Which of the following was not a decision that relates to distribution?
A. Downloads of the game Angry Birds B. The sale of T-shirts and stuffed birds and pigs through its website C. The sale of Halloween costumes through Amazon D. The opening of retail stores in Finland and China E. The licensing of the Angry Birds to producers of T-shirts and costumes