What type of switch connects switches to other switches?
A) trunk switches
B) core switches
C) workgroup switches
D) none of the above
B
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Indicate whether the statement is true or false
If two or more products share a common process before they are separated, the joint costs should be allocated in a manner that:
a. Assigns a proportionate amount of the total cost to each product equitably. b. Maximizes total earnings. c. Minimizes variations in a unit of production cost. d. Does not introduce an element of estimation into the process of accumulating costs for each product.
The adjusted trial balance contains information pertaining to:
A. Asset accounts only. B. Revenue accounts only. C. Income statement accounts only. D. All general ledger accounts. E. Balance sheet accounts only.
A manufacturing firm has manufacturing costs which become product costs. These manufacturing costs do not include:
a. direct material costs (or raw material costs) b. direct labor costs c. manufacturing overhead costs (sometimes called indirect manufacturing costs) d. expenditures for administrative staff e. expenditures for supervisors' salaries, factory utilities, property taxes, insurance, and depreciation on manufacturing plant and equipment