University of Louisiana, Lafayette ACCT 526 / ACCT526 Mid-Term Exam Graded A

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ACCT526-820_020-201840 Started on Tuesday, 10 April 2018, 9:03 PM State Finished Completed on Tuesday, 10 April 2018, 9:55 PM Time taken 51 mins 29 secs Question 1 Correct Marked out of 3 Flag... question Question text All of the following are steps outlined by the Institute of Management Accountants (IMA) for resolving ethical conflicts except: Select one: a. None of these b. following the policies of the organization for resolving ethical conflicts c. consulting an objective advisor such as an attorney d. bringing the matter to the attention of local news agencies e. presenting the matter to the audit committee, if a satisfactory resolution is not reached by all higher levels of management Question 2 Correct Marked out of 3 Flag question Question text All of the following are examples of managerial accounting information except: Select one: a. monthly income statement for each store b. monthly analysis of product profitability c. None of these d. budget versus actual reports e. annual balance sheet prepared in accordance with US GAAP Question 3 Incorrect Marked out of 3 Flag question Question text Direct labor costs related to production are: Select one: a. included in manufacturing overhead b. expensed when the products are sold c. expensed in the period in which they are incurred d. period costs e. None of these Question 4 Correct Marked out of 3 Flag question Question text Which of the following is classified as a general and administrative expense? Select one: a. utility costs for the production facility [Show More]

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