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Acounting 102 Discussion Questions

josh
December 19, 2015 0 Comment

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1. What is the major difference between managerial accounting and financial accounting?

2. For a company that produces desktop computers, would
memory chips be considered a direct or indirect materials cost of each computer produced?

3. How is product cost information used by managers?

4. Describe the source of the data for debiting Work in Process for (a) direct materials (b) direct labor (c) factory overhead.

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