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Accounting Chapter 3

September 27, 2011 .

QuestionAnswer
DETERMINING MARKETING & DISTRIBUTION CHANNELS is apart of which process ? REVENUE PROCESS
RECIEVING & ACCEPTING ORDERS FOR GOODS & SERVICES is apart of which process ? REVENUE PROCESS
DELIVERING GOODS & SERVICES is apart of which process ? REVENUE PROCESS
RECIEVING PAYMENT FOR CUSTOMERS is apart of which process ? REVENUE PROCESS
PROVIDING CUSTOMER SUPPORT is apart of which process ? REVENUE PROCESS
DETERMINING THE NEED FOR GOODS & SERVICES is apart of which process ? EXPEDINTURE PROCESS
SELECTING SUPPLIERS & ORDERING GOODS / SERVICES is apart of which process ? EXPEDINTURE PROCESS
RECIEVING GOODS & SERVICES is apart of which process ? EXPEDINTURE PROCESS
PAYING SUPPLIERS FOR GOODS & SERVICES is apart of which process ? EXPEDINTURE PROCESS
SCHEDULING PRODUCTION is apart of which process ? CONVERSION PROCESS
OBTAINING RAW MATERIALSS is apart of which process ? CONVERSION PROCESS
USING LABOR & OTHER MAUNFACTURING RESOURCES TO MAKE PRODUCTS is apart of which process ? CONVERSION PROCESS
STORING FINISHED GOODS UNTIL SOLD is apart of which process ? CONVERSION PROCESS
What is FOB shipping point ? Customer owns product once its shipped
What is FOB destination ? Customer does not own the product until they recieve it.
Fixed Cost or Revenue is constant in _____ . but , changes in _____ . total ; per unit of activity .
Variable Cost or Revenue is constant in ____ . but, Changes in _____ . Per unit ; total .
Mixed Cost or Revenue changes in _______ . but , Changes in _______ . Per unit ; Total
Mixed Cost is composed of _______ & ________ . Fixed & Variable Costs.
Created by: Dpenton16
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