Test Bank For Principles Of Cost Accounting, 17th Edition Edward J. Vanderbeck Chapters 1 - 10, Complete  

CHAPTER531:53INTRODUCTION53TO53COST53ACCOUNT
ING
Test Bank For Principles Of Cost Accounting,
17th Edition Edward J. Vanderbeck
Chapters 1 - 10, Complete




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, CHAPTER531:53INTRODUCTION53TO53COST53ACCOUNT
ING




Contents

1. Ch531:53Introduction53to53Cost53Accounting


2. Ch532:53Accounting53for53Materials


3. Ch533:53Accounting53for53Labor


4. Ch534:53Accounting53for53Factory53Overhead


5. Ch535:53Process53Cost53Accounting-General53Procedures


6. Ch536:53Process53Cost53Accounting-Additional53Procedures;53Accounting53for53Joint53Products53and53By-Products


7. Ch537:53The53Master53Budget53and53Flexible53Budgeting


8. Ch538:53Standard53Cost53Accounting-Materials,53Labor,53and53Factory53Overhead


9. Ch539:53Cost53Accounting53for53Service53Businesses,53the53Balanced53Scorecard,53and53Quality53Costs


10. Ch5310:53Cost53Analysis53for53Management53Decision53Making




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,CHAPTER531:53INTRODUCTION53TO53COST53ACCOUNT
The
ING53business53entity53that53converts53purchased53raw53materials53into53finished53goods53by53using53labor,53technolo
gy,53and53facilities53is53a:
a. Manufacturer.
b. Merchandiser.
c. Service53business.
d. Not-for-profit53service53agency.
ANSWER: a
RATIONALE:
The53business53entity53that53converts53purchased53raw53materials53into53finished53goods53by53us
ing53labor,53technology,53and53facilities53is53a53manufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNING53OBJECTI53V PRIN.EDWA.16.153-53Introduction
ES:
ACCREDITING53STAN53 AACSB53Analytic
DARDS: ACCT.AICPA.FN.0353-
53Measurement53BUSPROG.0353-
53Analytic
IMA-Business53Applications
OTHER: Bloom's:53Remembering

2. The53business53entity53that53purchases53finished53goods53for53resale53is53a:
a. Manufacturer.
b. Merchandiser.
c. Service53business.
d. Wholesaler.
ANSWER: b
RATIONALE: The53business53entity53that53purchases53finished53goods53for53resale53is53a53merchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING53OBJECTIVES53PRIN.EDWA.16.153-53Introduction
:
ACCREDITING53STANDA53R AACSB53Analytic53ACCT.AICPA.FN.03
DS: 53-53Measurement53BUSPROG.0353-
53Analytic
IMA-Business53Applications
OTHER: Bloom's:53Remembering

3. The53type53of53merchandiser53who53purchases53goods53from53the53producer53and53sells53them53to53retailers
53that53sell53them53to53the53consumer53is53a:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service53business.
ANSWER: c
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, RATIONALE: 531:53INTRODUCTION
CHAPTER A53wholesaler53 purchases
53TO 53COST53goods 53from53the53producer53and53sells53them53to53the53retailer.
53ACCOUNT
ING
POINTS: 1
DIFFICULTY: Easy




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