Test Bank For Cornerstones of Cost Management 4e Don R Hansen Maryanne M Mowen

Chapter 3 1. Costs can display variable, fixed, or mixed behavior, and it important that they are classified accurately. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:27 AM 10/7/2016 9:27 AM JFND-GO33-GINW-NTNG QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GH3U-C3J3-8BUD-QQB1-GASU- Y AUB-8YSS-ECTS-GOSS-K3B1-GRSU-ECJO-COAD-KP33-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 2. A cost that does not change as output changes is a variable cost, and one that changes is a fixed cost. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:27 AM 10/7/2016 9:27 AM JFND-GO33-GINW-NTNF QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GBOS-NP33-GCAD-K3UB-GOSU- GPJW-CRSS-C3JZ-GOSU-G3MN-GHSU-OAUN-GA5U-RAMF-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE Copyright Cengage Learning. Powered by Cognero. Page 1 Chapter 3 3. A cost object is the item for which managers want cost information, so the first step is to determine appropriate cost objects. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:27 AM 10/7/2016 9:27 AM JFND-GO33-GINW-NTNR QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-GFTG-CP3T-8B1D-NP5B-GWSU- KAT3-CRSU-EATT-GOSU-CP3A-GESS-CCDR-GCAD-RPTO-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 4. Fixed costs are costs that, a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: in total, are constant within the relevant range as the level of the associated driver varies. True 1 Easy True / False False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:27 AM 10/7/2016 9:27 AM JFND-GO33-GINW-NTND QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-CEHU-QCMD-CA3U-RPUD- CASS-RA3W-8YSS-RQJZ-GOSS-KPDB-GESU-YP3O-CJOU-QQDN-E7JI-YT4D-JFNN- Copyright Cengage Learning. Powered by Cognero. Page 2 Chapter 3 b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:27 AM 10/7/2016 9:27 AM JFND-GO33-GINW-NTBU 4OTI-GO4W-NQNBEE 5. Variable costs are defined as costs that, in total, are constant regardless of change in an activity driver. a. True QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-GAAS-EATA-GTOU-Q3TZ- GOSS-EP3S-CESU-Y3DR-GOSS-CPUG-GWSS-NCBA-CO3S-RCBZ-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 6. Mixed costs are costs that have both a fixed and a variable component. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:27 AM 10/7/2016 9:27 AM JFND-GO33-GINW-NTB1 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-8BUD-CQJS-GW3D-Y A5N- Copyright Cengage Learning. Powered by Cognero. Page 3 Chapter 3 GHSS-K3DR-CRSU-YP33-GOSU-OQDD-GASS-KPTT-GJ1D-OP3T-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 7. Resources, such as direct materials, direct labor, electricity, equipment, and so on, are economic elements that enable one to perform activities. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-06 - BB-Resource Management United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NTBT QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CO3S-RCTO-CPTS-GAMN- CESU-OPMF-8YSU-NQJ1-GOSU-YCJZ-CASS-C3UD-CC5S-KQMN-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 8. The level of activity performance where the amount of activity capacity needed corresponds to the level of efficiency required is called the activity capacity. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: False 1 Easy True / False False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-06 - BB-Resource Management United States - v1 - IMA-11 - Strategic Planning Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM Copyright Cengage Learning. Powered by Cognero. Page 4 Chapter 3 QUESTION ID: JFND-GO33-GINW-NTBO QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-CWHD-KPBT-GA4S-CAJZ-CRSS- GQBO-8RSU-YCMR-GOSU-1PJZ-CCSU-Y A TW-CA3D-NPJT-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 9. Resources are categorized as flexible, which are supplied as needed, and committed, which are supplied in advance of usage. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-06 - BB-Resource Management United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NTBZ QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-GH4D-EATO-GAAD-N3TU-8RSS- EC5N-CESU-QPMG-GOSU-OAJW-CCSU-GPB3-GP1U-CPMB-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 10. Activity-based use of resources can improve both managerial control and decision making because it encourages managers to pay more attention to controlling resource usage and spending. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: True 1 Easy True / False False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-06 - BB-Resource Management United States - v1 - IMA-11 - Strategic Planning Bloom's - Understanding Time Estimate - 5 min. Copyright Cengage Learning. Powered by Cognero. Page 5 Chapter 3 DATE CREATED: DATE MODIFIED: QUESTION ID: 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NTBS QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GEHU-KP5B-GYHS-RC5N-COSS- GATU-CRSU-Y3UN-GOSS-GATT-CESU-C3BI-GF1S-EPDN-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 11. Methods of estimating costs used by companies include the industrial engineering method, the account analysis method, and the instant decision method. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-3 - LO: 03.03 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NTBI QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GO3S-NCDD-GPUD-RCBS- 8RSU-YQJA-8RSU-YQMB-GOSS-CAMR-8YSU-NPTZ-GY5G-GA TU-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 12. The industrial engineering method is used to determine which activities, and in what amounts, are necessary to complete a process. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: True 1 Easy True / False False COCM.HANS.18.3-3 - LO: 03.03 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Copyright Cengage Learning. Powered by Cognero. Page 6 Chapter 3 KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NTBW QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GW3U-OC3U-CEAD-OQJW- 8RSU-CCJ1-8YSU-NC5F-GOSU-EQMN-CWSU-CP5N-C31D-GCUR-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 13. The account analysis method can be used to estimate costs by classifying accounts in the general ledger as variable. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-3 - LO: 03.03 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC1N QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-8Y4D-CA3I-GE5D-NA3S-8RSU- QCJS-CESU-KA3Z-GOSU-CPT1-GRSU-YC5F-G3TG-NAJS-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 14. The three widely used quantitative methods of separating a mixed cost into its fixed and variable components are the high-low method, the scatter plot method, and the method of least squares. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: True 1 Easy True / False False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs Copyright Cengage Learning. Powered by Cognero. Page 7 Chapter 3 KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC1B QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-GP1D-OPTS-CA5S-CPBU-GHSU- CPJT-8YSU-EA5F-GOSU-RCJS-CASU-C3T1-CTTU-RQJ3-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 15. The high-low method preselects the two points that are used to compute the parameters F and X in the expression Y = F + VX a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCT3 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GE5D-1AUN-CA5U-EA5D- COSS-KA3W-CESU-13DR-GOSU-CPTA-GHSU-RA5F-GTUD-1A3A-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 16. The plot of data points showing the relationship between materials handling costs and activity output is called a scattergraph. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: True 1 Easy True / False Copyright Cengage Learning. Powered by Cognero. Page 8 Chapter 3 HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTA QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJI-CIUD-RQJU-GTOU-Y3DF-CWSS- KCUN-CRSU-Y AUD-GOSU-OPTS-8YSU-EPUG-GPUD-YQBO-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 17. In the method of least squares, each single measure of closeness is first squared. Squaring the deviations avoids problems caused by a mix of positive and negative numbers. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC1G QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CO3U-1C3O-CA4G-CPTS-COSU- Y3TU-CESU-G3B1-GOSS-KCJI-CASU-ECJU-COHU-RQJ3-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 18. A feature of regression routines, not provided by the scatter plot of high-low methods, is to provide information to and in the assessment of reliability of the estimated costs formula. a. True b. False Copyright Cengage Learning. Powered by Cognero. Page 9 Chapter 3 ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC1F QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-8FTD-CQBT-8R4D-K3TZ-GRSU- K3MN-8YSU-KAUB-GOSU-KCUR-CESU-NCTW-CPTD-GQMB-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 19. The percentage of variability in the dependent variable explained by an independent variable (i.e. measure of activity output) is called the coefficient of correlation. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: QUESTION GLOBAL ID: 20. An alternative measure False 1 Easy True / False False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC1R GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-GE4G-RPUN-C31S-KAJA-GWSS- RPJA-8YSU-OPBA-GOSS-CA3U-CASU-RCTS-GFOS-EQMR-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE of goodness of fit is the coefficient of determination. Copyright Cengage Learning. Powered by Cognero. Page 10 Chapter 3 a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC1D QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-GH4U-KQBU-GO3S-KCT1-GESS- NPTW-8YSS-CCB1-GOSS-N3B3-CRSU-KCJO-CC5U-13BS-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 21. Finding a strong statistical association between an activity cost and an activity driver can provide evidence to managers about the correctness of a driver selection. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Moderate True / False False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTU QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-G71G-G3DD-CCHU-GCBT- Copyright Cengage Learning. Powered by Cognero. Page 11 Chapter 3 CCSU-QCUR-8YSS-NCTO-GOSU-RA T A-CASU-GCUG-GR5D-RCTS-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 22. Whenever least squares is used to fit an equation involving two or more independent variables, the method is called multiple regression. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCT1 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJI-8R3U-Y3JZ-8R5D-QPB1-GOSU- O3DD-8RSS-C3UF-GOSU-OQDD-GESS-CCTZ-CJOS-RPTU-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 23. When Multiple regression is used, the user has a choice of using manual computation or using regression programs. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: False 1 Moderate True / False False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM Copyright Cengage Learning. Powered by Cognero. Page 12 Chapter 3 QUESTION ID: JFND-GO33-GINW-NCTT QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-CR5G-KQDD-CW4U-GQMG- GWSU-OAJ3-8RSU-E3TI-GOSU-ECUN-CASU-K3BT-CF1S-NCMG-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 24. Multiple regression is a dependable tool for identifying the behavior of activity costs. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTO QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-CEAS-RQMF-GR3U-1PMF-GASU- CAJO-8RSU-1CBZ-GOSU-QPUF-CESU-1CBW-CC5D-YP3W-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 25. Multiple regression can be useful to assess cost behavior when dependent variable is affected by only one independent variable. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: False 1 Easy True / False False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Copyright Cengage Learning. Powered by Cognero. Page 13 Chapter 3 NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTZ QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-GY5G-KQJS-GHAS-NP5G- GWSU-YQMF-8RSU-QCT3-GOSS-KCTI-GCSU-ECMR-GH5U-KAMF-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 26. A number of cost behavior patterns do not follow a linear pattern, instead, they follow a nonlinear cost curve called the learning curve. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTS QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJO-CC3G-CPTI-CCAU-KQDR-GASU- RP3U-8RSU-CQBZ-GOSS-GQDG-COSU-Q3MG-CR3S-C3BT-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 27. Managers agree that the ideas behind the learning curve can extend to the service industry only. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: False 1 Easy True / False False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement Copyright Cengage Learning. Powered by Cognero. Page 14 Chapter 3 KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: United States - v1 - IMA-04 - Quantitative Methods Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTI QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GO5U-1CJT-CWAU-GA5G- 8YSS-KCBU-8RSU-1CJU-GOSU-EAUR-GOSS-G3DG-GEAG-RCT1-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 28. The basis of the learning curve is that as we perform an action over and over, we improve, and each additional performance takes less time than the preceding ones. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True 1 Easy True / False False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCTW QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJO-CCHD-NCB1-8RHS-EQDD-CCSU- CCDB-8YSU-O3DG-GOSU-NC3U-GHSS-E3JZ-CR5S-RAJ3-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 29. The experience curve relates cost to increased efficiency, such that the more a task is performed, the lower the cost of doing will be. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: True 1 Easy True / False False COCM.HANS.18.3-7 - LO: 03.07 Copyright Cengage Learning. Powered by Cognero. Page 15 Chapter 3 NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC4N QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJA-GB1S-KCUD-G31D-NPJ3-CCSU- OPMN-CESU-RQBU-GOSS-GA33-GCSU-GP5F-GRHD-GA3U-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 30. The cumulative average-time learning curve model states that the cumulative average time per unit increases by a constant percentage. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC4B QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-8B1U-NCMN-GBTD-R3TW-GYSU- N3UG-8YSU-KP3Z-GOSU-NQJA-CRSS-GCJS-8R3U-KC5N-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 31. The most widely used method to determine cost behavior is managerial judgement. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: True 1 Easy True / False Copyright Cengage Learning. Powered by Cognero. Page 16 Chapter 3 HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False COCM.HANS.18.3-8 - LO: 03.08 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC33 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-CW4G-RQBI-GYHG-CCBT- GCSU-KQBS-CRSU-1CTZ-GOSU-1QJ3-CCSU-1CJU-CC4U-GCBS-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 32. Managerial judgement includes the possibility of mixed costs. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Easy True / False False COCM.HANS.18.3-8 - LO: 03.08 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC3A QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-8BTD-GQJI-8BTG-EA3S-COSU- GA T1-8RSS-KCBO-GOSS-K3JW-8RSS-G3MF-CEHU-1PDF-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 33. Before opting to use managerial judgment, management should make sure that each cost is predominantly fixed or variable. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate Copyright Cengage Learning. Powered by Cognero. Page 17 Chapter 3 QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: True / False False COCM.HANS.18.3-8 - LO: 03.08 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/3/2017 11:43 PM JFND-GO33-GINW-NC4G QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMB-GO4S-EA3A-GFTD-1CBT-GYSU- GP5N-8RSU-QPUN-GOSU-ECBA-CCSS-CCT3-8B1S-GPJS-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 34. Based on managerial judgement, the best predictor of manufacturing costs is the units available. a. True b. False ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: False 1 Moderate True / False False COCM.HANS.18.3-8 - LO: 03.08 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC4F QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-8R5G-CAJT-CITS-GA3S-GESS- RPT1-8RSS-NPJ1-GOSU-RAUN-GESS-EQMN-GFOU-OC3S-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 35. If a company changes from skilled labor to robots, the previous data are of little value in predicting future costs. a. True b. False ANSWER: True POINTS: 1 Copyright Cengage Learning. Powered by Cognero. Page 18 Chapter 3 DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Moderate True / False False COCM.HANS.18.3-8 - LO: 03.08 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC4R QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-CTOU-KC5G-CR5S-KPJI-GWSU- K3DF-CESU-KCDD-GOSS-K3MG-8YSS-RAMB-C3TG-GA3W-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 36. _________ explain changes in costs as units produced change. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Unit level drivers 1 Easy Completion False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 9:58 AM JFND-GO33-GINW-NC4D QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJZ-8FTD-KPJI-GC4U-1CBT-GHSU- GA T A-8YSU-K3MG-GOSS-KP5D-GASU-NA3A-G3UG-CCJA-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 37. __________ explain changes in cost factors other than changes in units produced. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: Non-unit-based costs drivers 1 Easy Completion False Copyright Cengage Learning. Powered by Cognero. Page 19 Chapter 3 LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NC3U QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ1-CR3D-NAJZ-GHAG-KC3A-COSS- ECDD-8YSU-CPJA-GOSU-YATO-CESS-CQJA-GE3U-KATT-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 38. _________ analysis focuses on how costs react to changes in activity levels. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Cost behavior 1 Easy Completion False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 9:59 AM JFND-GO33-GINW-NC31 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-8RAS-R3TT-CA4D-K3MG-8RSU- YC5R-CESU-KQB3-GOSS-GCBT-GESU-1P5D-C31G-NCT1-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 39. _________ are assumed to be the sole drivers of a traditional cost management system. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: Unit based cost drivers 1 Moderate Completion False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement Copyright Cengage Learning. Powered by Cognero. Page 20 Chapter 3 KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:00 AM JFND-GO33-GINW-NC3T QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GRAD-QATW-CE3G-KAT1-CESS- NCDF-CESU-1QMR-GOSS-RPUR-GYSS-KPJU-GT1D-1C3U-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 40. _________ result when organizations acquire many multiperiod service capacities by paying cash up front. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Committed fixed expenses 1 Easy Completion False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:01 AM JFND-GO33-GINW-NC3O QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GHAG-CA5F-8R4U-13J3-GASU- CQDB-8RSU-NC3S-GOSS-ECTA-CRSU-G3DR-GC3S-KPB3-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 41. _________ are those acquired from outside sources where the terms of acquisition do not require any long-term commitments. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: Flexible resources 1 Easy Completion False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-06 - BB-Resource Management United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. Copyright Cengage Learning. Powered by Cognero. Page 21 Chapter 3 DATE CREATED: DATE MODIFIED: QUESTION ID: 10/7/2016 9:28 AM 1/23/2017 10:05 AM JFND-GO33-GINW-NC3Z QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-GITD-GQMN-8B1G-NA3S-GWSS- KATO-CRSU-OQDB-GOSU-OAJZ-CWSU-QA3I-GA4S-CCMF-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 42. _________ are costs incurred that provide long-term activity capacity. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Committed resources 1 Easy Completion False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-06 - BB-Resource Management United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:06 AM JFND-GO33-GINW-NC3S QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GBTS-C3BW-GR3G-G3MG- GESU-1CB1-CRSU-R3JW-GOSU-QQDG-GWSS-RPUN-8R5S-RQDB-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 43. A _________ function displays a constant level of cost for a range of output and then jumps to a higher level. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: step-cost 1 Easy Completion False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:07 AM JFND-GO33-GINW-NC3I Copyright Cengage Learning. Powered by Cognero. Page 22 Chapter 3 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJZ-8FTG-KCMR-CR3U-O3MN-COSS- NPB3-8YSU-KPDN-GOSU-NATT-GYSS-CPB3-GHHS-CATW-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 44. Costs that follow a step-cost behavior are defined as _________ costs. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: step-fixed 1 Easy Completion False COCM.HANS.18.3-2 - LO: 03.02 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:08 AM JFND-GO33-GINW-NC3W QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GHHG-C3DR-GJTS-GCB1- GCSU-EQBO-CRSU-Y AMG-GOSU-OCBO-GCSU-CCDB-GEHS-NPMG-E7JI-YT4D- JFNN-4OTI-GO4W-NQNBEE 45. The _________ analysis ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: method is a method of determining cost behavior. account 1 Easy Completion False COCM.HANS.18.3-3 - LO: 03.03 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:08 AM JFND-GO33-GINW-NCNN QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CC3U-G3BW-GYHU-YQBA- CASS-CCMF-CESU-RC5R-GOSU-KCTZ-GOSS-NPJA-GBTU-N3JA-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE Copyright Cengage Learning. Powered by Cognero. Page 23 Chapter 3 46. The _________ method may be used to determine the activities and amounts for cost behavior. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: industrial engineering 1 Easy Completion False COCM.HANS.18.3-3 - LO: 03.03 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:09 AM JFND-GO33-GINW-NCNB QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GY3D-QCJU-GAHU-1CJ3-GCSU- OQJW-8YSS-EAMG-GOSU-E3JA-8RSU-G3JO-GC5U-CPUN-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 47. _________ and _________ studies may be used in conjunction with the industrial engineering method. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Time; motion 1 Easy Completion False COCM.HANS.18.3-3 - LO: 03.03 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:12 AM JFND-GO33-GINW-NCB3 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GJOS-KP3I-GBTD-QQMG-CCSU- QQJW-8RSU-KPBS-GOSS-E3JZ-8RSS-GPUG-CEHU-GA TT-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 48. The three quantitative methods of separating a mixed cost into its fixed and variable components are: the high-low method, the scatter plot method and the method of _________. ANSWER: least squares Copyright Cengage Learning. Powered by Cognero. Page 24 Chapter 3 POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: 1 Easy Completion False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:13 AM JFND-GO33-GINW-NCBA QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GB1G-KPJU-CW4S-G3T1-GHSU- O3BI-8RSU-RPJS-GOSU-NCB3-CWSU-KPUR-GW5U-YQJ3-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 49. The method of least squares requires a _________ in order to be utilized. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: regression 1 Moderate Completion False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:13 AM JFND-GO33-GINW-NCNG QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-8Y4U-YQBT-GC4D-RCTU- GASU-YPJ1-8YSU-C3JI-GOSS-GP33-CRSU-YCTU-COAU-KP5G-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 50. The Y in the equation Y = F + VX represents the _________, the dependent variable ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: total cost 1 Easy Completion Copyright Cengage Learning. Powered by Cognero. Page 25 Chapter 3 HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: TOPICS: KEYWORDS: DATE CREATED: DATE MODIFIED: QUESTION ID: False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:14 AM JFND-GO33-GINW-NCNF QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-CAAD-KPBW-GBTD-NPMN- GWSU-CA31-CRSU-NAJI-GOSU-EQB1-8RSU-EQDD-GY4U-GCMG-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 51. The _________ parameter is the point at which the mixed cost line intercepts the cost (vertical) axis. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: intercept 1 Easy Completion False COCM.HANS.18.3-4 - LO: 03.04 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:15 AM JFND-GO33-GINW-NCNR QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GAAS-NPTS-CI1U-CP5D-CWSU- GPDR-8YSU-QPMF-GOSU-NAUN-GYSU-NQDF-GAHS-G3UR-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 52. The graph showing the relationship between activity costs and drivers/outputs is called the _________. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: scattergraph 1 Easy Completion False COCM.HANS.18.3-4 - LO: 03.04 Copyright Cengage Learning. Powered by Cognero. Page 26 Chapter 3 NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-28 - Variable and Fixed Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:16 AM JFND-GO33-GINW-NCND QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GO4G-ECBT-CJUD-KPJA-COSU- KQJZ-CESS-NPTW-GOSU-Y A5G-GRSS-EPUD-GH5D-NCBO-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 53. The hypothesis test of cost parameters indicates whether the parameters are different from _________. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: zero 1 Easy Completion False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:17 AM JFND-GO33-GINW-NCBU QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-8Y4U-KAUF-CO3G-GAUF-GESS- NCUB-8RSS-KQB3-GOSU-E3BI-8YSS-CA TW-GI1G-GCTI-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 54. A _________ interval provides a range of values for the actual cost with a prespecified degree of confidence. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: confidence 1 Easy Completion False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs Copyright Cengage Learning. Powered by Cognero. Page 27 Chapter 3 KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:18 AM JFND-GO33-GINW-NCB1 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJZ-GRHD-OCMD-8BOU-OPTT- GOSS-E3BO-CESU-QCB3-GOSU-RC3I-GYSU-NPUN-GJ1U-R3BO-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 55. A correlation coefficient near +1 means that two variables are moving in the _________ direction. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: same 1 Moderate Completion False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 United States - v1 - IMA-07 Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:19 AM JFND-GO33-GINW-NCBT - Quantitative Methods - Cost Management QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-CWAS-NCMF-GE3G-GPJW-GESU- OCTU-CRSU-RAJA-GOSS-KPTS-GOSS-KQDF-COAG-NQMD-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 56. A correlation coefficient near 0 means that two variables are _________. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: unrelated 1 Moderate Completion False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Copyright Cengage Learning. Powered by Cognero. Page 28 Chapter 3 KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:20 AM JFND-GO33-GINW-NCBO QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJA-8R3D-O3BA-GJ1G-NC33-GWSU- KCTS-8YSU-QPJW-GOSU-OCJ3-GESU-1CUD-G71G-NQDF-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 57. A correlation coefficient near -1 means that two variables are moving in the _________ direction. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: opposite 1 Moderate Completion False COCM.HANS.18.3-5 - LO: 03.05 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:21 AM JFND-GO33-GINW-NCBZ QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-GW4G-CAJ3-GH5D-K3MF-8YSU- YCMF-8YSU-NAMN-GOSS-RPBT-GASU-KP5B-GCAD-YPT3-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 58. The __________ method is used whenever least squares is used to fit an equation involving two or more independent variables. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: multiple regression 1 Easy Completion False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Copyright Cengage Learning. Powered by Cognero. Page 29 Chapter 3 NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:22 AM JFND-GO33-GINW-NCBS QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJI-GFUD-ECBZ-GCHS-GA TI-GESS- KAMR-CESU-1PUN-GOSU-Y3BS-GYSS-KCBZ-CR4D-OPMB-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 59. Multiple regression has _________ or _________ independent variables. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: two; more 1 Moderate Completion False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:23 AM JFND-GO33-GINW-NCBI QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJA-CAHS-NQDF-GC5S-C3BS-CRSU- QQDF-CESU-EAT1-GOSU-E3JA-CWSU-YCUN-8B1U-C3UN-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 60. _________ is useful when the dependent variable is affected by more than one independent variable. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: Multiple regression 1 Moderate Completion False COCM.HANS.18.3-6 - LO: 03.06 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:24 AM Copyright Cengage Learning. Powered by Cognero. Page 30 Chapter 3 QUESTION ID: JFND-GO33-GINW-NCBW QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMB-GY AD-NP3A-G3OS-RPBW- GESS-KA5B-CRSU-NQJW-GOSU-1A3W-CWSU-RAMN-8YHU-KQMN-E7JI-YT4D- JFNN-4OTI-GO4W-NQNBEE 61. When a cost behavior pattern does not follow a linear pattern, a non linear cost curve is used called the _________ curve. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: learning 1 Easy Completion False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:25 AM JFND-GO33-GINW-NCKN QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GYHD-KCDR-8Y AU-1QB3- GYSS-GAT3-CRSU-YA31-GOSU-YCBI-GYSS-R3TO-G71D-1C33-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 62. Each time cumulative volume doubles, _________ fall by a constant and predictable percentage. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- costs 1 Easy Completion False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:26 AM JFND-GO33-GINW-NCKB Copyright Cengage Learning. Powered by Cognero. Page 31 Chapter 3 GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-CC3S-GA T1-CC3D-R3JU-GHSS- NQJI-CRSS-EPTI-GOSS-KQBA-GHSS-KPJS-GRAS-KP5D-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 63. Costs in marketing, distribution, and service after the sale _________ as number of units produced and sold _________. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: decrease; increases 1 Moderate Completion False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:27 AM JFND-GO33-GINW-NCJ3 QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-CRHS-NCDR-GA4U-1C3A- GWSS-K3DB-CESS-KCBO-GOSU-GCDG-8YSS-NA3S-CC5G-EPJT-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 64. Cumulative average-time _________ curve assumes the cumulative average time per unit decreases by a constant percentage each time the cumulative quantity of units produced doubles. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: learning 1 Easy Completion False COCM.HANS.18.3-7 - LO: 03.07 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-04 - Quantitative Methods United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:28 AM JFND-GO33-GINW-NCJA QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJI-CT1D-NQMD-8Y AU-CP5G-GCSS- Copyright Cengage Learning. Powered by Cognero. Page 32 Chapter 3 GCMR-8YSU-Y3TI-GOSU-YCDN-CCSS-CQBI-CPUD-OAJS-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 65. Knowledge of cost and activity-level relationship is used by experienced _________. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: managers 1 Easy Completion False COCM.HANS.18.3-8 - LO: 03.08 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 1/23/2017 10:29 AM JFND-GO33-GINW-NCKG QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CEHG-RC3Z-CWAU-NQMG- GCSU-RQDF-8RSS-K3UN-GOSU-OAUB-8RSU-NAUD-8R3G-E3JS-E7JI-YT4D-JFNN- 4OTI-GO4W-NQNBEE 66. Cost behavior analysis focuses on how costs a. react to changes in profit. b. react to changes in activity level. c. change over time. d. both a and c. ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- b 1 Moderate Multiple Choice False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Understanding Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCKF Copyright Cengage Learning. Powered by Cognero. Page 33 Chapter 3 GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMN-CE4U-O3JS-CO5G-EP3Z-GASS- NP3O-8YSU-1CMD-GOSS-GQBU-GRSU-RCMD-GFUG-KA TI-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 67. The drivers that explain changes in costs as units produced change are called: a. Non-unit-level drivers b. Activity based cost drivers c. Unit-level drivers d. All of these ANSWER: POINTS: DIFFICULTY: QUESTION TYPE: HAS VARIABLES: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARDS: KEYWORDS: NOTES: DATE CREATED: DATE MODIFIED: QUESTION ID: c 1 Easy Multiple Choice False COCM.HANS.18.3-1 - LO: 03.01 United States - BUSPROG - Analytic United States - v1 - ACBSP-APC-27 - Managerial Accounting Features/Costs United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-07 - Cost Management Bloom's - Remembering Time Estimate - 5 min. 10/7/2016 9:28 AM 10/7/2016 9:28 AM JFND-GO33-GINW-NCKR QUESTION GLOBAL ID: GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS- GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJZ-8Y4U-CPB3-GO4U-Y3JA-GESU- 1PMN-CESS-K3UN-GOSS-NC5F-8RSS-KP3T-8RAD-Y3MG-E7JI-YT4D-JFNN-4OTI- GO4W-NQNBEE 68. Drivers that explain changes in costs as factors other than changes in units produced are called: a. Functional based cost drivers b. Non-unit-base