BUS 209 FINAL EXAM ACTUAL 2025/2026 Q&A

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BUS 209 FINAL EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS What is managerial accounting? Does it focus on the past or future? How is the information presented? - Answer --accounts financial information for internal company -future -budgets What are internal controls? What are the three separate functions of them? - Answer --policies a company sets to protect their assets -authorization of transaction, custody of asset, record keeping What is collusion? - Answer -when 2 or more people agree to a dishonest practice What is embezzlement? - Answer -unlawful taking of property by someone to whom it was entrusted What are the three cost components of a manufacturing company? - Answer -direct materials, direct labor, overhead What are direct materials? - Answer -materials that are directly traceable into a finished good What is direct labor? Give examples and non-examples. - Answer --labor costs that are directly associated with a finished good -example: people who directly put products together -non example: supervisors, custodians, etc. What is overhead? - Answer -includes indirect materials, indirect labor, and all costs Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com associated with manufacturing the product (taxes, depreciation, etc.) What are product costs? - Answer -costs that occur in the factor. classified as either direct materials, direct labor, or overhead What are period costs? - Answer -selling and administrative costs What are the three types of inventory in a manufacturing setting? - Answer -raw material inventory, work-in-process inventory, and finished goods inventory What is raw material inventory? - Answer -purchased but not processed What is work-in-process inventory? - Answer -All material on the factory floor that is not yet completed What is finished goods inventory? - Answer -manufactured goods that are complete and ready for sale What are prime costs? - Answer -direct materials and direct labor What are conversion costs? - Answer -direct labor and overhead What is material requisition? - Answer -request for material to get released onto production floor What is job order costing? - Answer -costing out a particular job How do you calculate pre-determined overhead rate? - Answer -total estimated overhead costs / cost driver (total estimated direct labor hours) Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com