QUESTION 18 Classifying costs by behavior with changes in volume of activity involves: O Identifying fixed...

Transcribed Image Text:

QUESTION 18 Classifying costs by behavior with changes in volume of activity involves: O Identifying fixed cost and variable cost. O Identifying cost of goods sold and operating costs. O Identifying costs as financial or managerial. O Identifying costs in a physical manner. O Identifying both quantitative and qualitative cost factors. QUESTION 19 Costs that flow directly to the income statement as expenses are called: O Period costs. O Product costs. O General costs. O Balance sheet costs. Capitalized costs. 4 points QUESTION 21 4 points QUESTION 20 Managerial accounting is different from financial accounting in that: O Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization. O Managerial accounting never includes nonmonetary information. O Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions. O Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors. Managerial accounting is mainly used to set stock prices. 4 points Save Answer Losinte Save Answer Save Answer 40 QUESTION 18 Classifying costs by behavior with changes in volume of activity involves: O Identifying fixed cost and variable cost. O Identifying cost of goods sold and operating costs. O Identifying costs as financial or managerial. O Identifying costs in a physical manner. O Identifying both quantitative and qualitative cost factors. QUESTION 19 Costs that flow directly to the income statement as expenses are called: O Period costs. O Product costs. O General costs. O Balance sheet costs. Capitalized costs. 4 points QUESTION 21 4 points QUESTION 20 Managerial accounting is different from financial accounting in that: O Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization. O Managerial accounting never includes nonmonetary information. O Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions. O Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors. Managerial accounting is mainly used to set stock prices. 4 points Save Answer Losinte Save Answer Save Answer 40

Answer rating: 100% (QA)

The detailed answer for the above question is provided below 18 Costs by behavior along with the change in the volume of activity does not signify any... View the full answer