MENU
Which two of the following Cost Accounting Errors exist in Internal Cost Accounting? (Choose two.)
Suggested Answer: C
Get Premium M3-123 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
30 comments · newest first
DA
Daren
11 months ago
I disagree, I don't think A is a real error.
SH
Shakira
11 months ago
Wait, zero price error? Is that even a thing?
VA
Valentine
11 months ago
I always see rounding differences messing things up.
RI
Rickie
12 months ago
I think A is a common one too.
KI
Kirk
12 months ago
Definitely B and C!
MI
Misty
1 year ago
Rounding differences seem right, but I’m uncertain about the other one. Maybe it’s accounting string errors?
RE
Remedios
1 year ago
I practiced a similar question, and I feel like zero price errors were mentioned, but I can't recall if they apply here.
BR
Brice
1 year ago
I think currency errors are definitely a possibility, but accounting string errors sound familiar too.
FE
Felix
1 year ago
I remember studying about rounding differences, but I'm not entirely sure about the second error.
VI
Vicky
1 year ago
I've got this! The two cost accounting errors in internal cost accounting are currency error and rounding differences error. Easy peasy.
RO
Rolland
1 year ago
Okay, let's see. Currency error and accounting string error seem like the most relevant choices here. I'll double-check my notes to make sure I'm not missing anything.
VA
Valene
1 year ago
Hmm, this is a tricky one. I'm not totally sure about the differences between the options. I'll have to think it through carefully before selecting my answer.
EA
Earnestine
1 year ago
I'm pretty confident I know the answer to this one. Currency error and rounding differences error seem like the most common cost accounting errors in internal cost accounting.
SH
Sheldon
1 year ago
I'm a bit confused by the wording of this question. What exactly do they mean by "internal cost accounting"? I want to make sure I understand the context before I choose my answer.
NI
Nieves
1 year ago
I think the key here is understanding the difference between dimensions and measures. Dimensions are the categories or labels, while measures are the numeric values. For a scatter chart, you need one dimension and two measures to plot the x and y coordinates. So I'll go with B, one dimension and two measures.
SA
Sarina
1 year ago
Hmm, I'm a bit unsure about this one. The fact that the partnership agreement is silent on the duration makes it tricky. I'll need to think through the default rules for partnerships of indefinite duration.
LO
Lorrie
1 year ago
I bet the Rounding differences error is the other correct answer. You'd be surprised how much those tiny decimals can add up.
HI
Hillary
1 year ago
User 3: It's important to double check those decimals to avoid any costly mistakes.
DA
Dalene
1 year ago
User 2: I agree, those rounding errors can really impact the final cost calculations.
TR
Trina
1 year ago
User 1: I think the correct answers are D) Zero Price error and B) Rounding differences error.
VI
Vince
2 years ago
Ooh, the Currency error is a good one too. Gotta be careful with those pesky exchange rates, you know?
DA
Dawne
1 year ago
B) Rounding differences error
JO
Joana
1 year ago
A) Currency error
LI
Lina
2 years ago
Hmm, the Accounting string error sounds like it could be another one. Those tricky little typos can really mess up the numbers.
JO
Josefa
1 year ago
C) Accounting string error
AR
Arthur
1 year ago
A) Currency error
OL
Oliva
2 years ago
I'm pretty sure the Zero Price error is one of the correct answers. That's a classic mistake in internal cost accounting.
LA
Lashawnda
2 years ago
I'm not sure about Accounting string error. But I think Zero Price error is also a common mistake in Cost Accounting.
SO
Sol
2 years ago
I agree with Jules. Currency error and Rounding differences error can definitely cause issues in Cost Accounting.
JU
Jules
2 years ago
I think A) Currency error and B) Rounding differences error are the Cost Accounting Errors in Internal Cost Accounting.