CHAPTER c1: cINTRODUCTION cTO cCOST
cACCOUNTING
Test Bank For Principles Of Cost Accounting,
c c c c c c c
17th Edition Edward J. Vanderbeck
c c c c c
Chapters 1 - 10, Complete
c c c c
Cengage cLearning cTesting, cPowered cby Page c1
cCognero
, CHAPTER c1: cINTRODUCTION cTO cCOST
cACCOUNTING
Contents
1. Ch c1: cIntroduction cto cCost cAccounting
2. Ch c2: cAccounting cfor cMaterials
3. Ch c3: cAccounting cfor cLabor
4. Ch c4: cAccounting cfor cFactory cOverhead
5. Ch c5: cProcess cCost cAccounting-General cProcedures
6. Ch c6: cProcess cCost cAccounting-Additional cProcedures; cAccounting cfor cJoint cProducts cand cBy-Products
7. Ch c7: cThe cMaster cBudget cand cFlexible cBudgeting
8. Ch c8: cStandard cCost cAccounting-Materials, cLabor, cand cFactory cOverhead
9. Ch c9: cCost cAccounting cfor cService cBusinesses, cthe cBalanced cScorecard, cand cQuality cCosts
10. Ch c10: cCost cAnalysis cfor cManagement cDecision cMaking
Cengage cLearning cTesting, cPowered cby Page c2
cCognero
,CHAPTER c1: cINTRODUCTION cTO cCOST
The cbusiness centity cthat cconverts cpurchased craw cmaterials cinto cfinished cgoods cby cusing clabor, ctechnology, cand
cACCOUNTING
facilitiescis ca:
c
a. Manufacturer.
b. Merchandiser.
c. Service cbusiness.
d. Not-for-profit cservice cagency.
ANSWER: a
RATIONALE: The cbusiness centity cthat cconverts cpurchased craw cmaterials cinto cfinished cgoods cby cusing
clabor,ctechnology, cand cfacilities cis ca cmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNING PRIN.EDWA.16.1 c- cIntroduction
cOBJECTIcVES:
ACCREDITING cSTAN c AACSB cAnalytic
DARDS: ACCT.AICPA.FN.03 c-
cMeasurementcBUSPROG.03 c-
cAnalytic
IMA-Business cApplications
OTHER: Bloom's: cRemembering
2. The cbusiness centity cthat cpurchases cfinished cgoods cfor cresale cis ca:
a. Manufacturer.
b. Merchandiser.
c. Service cbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: The cbusiness centity cthat cpurchases cfinished cgoods cfor cresale cis ca cmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING cOBJECTIVES cPRIN.EDWA.16.1 c- cIntroduction
:
ACCREDITING AACSB cAnalytic cACCT.AICPA.FN.03 c-
cSTANDAcRDS: cMeasurementcBUSPROG.03 c-
cAnalytic
IMA-Business cApplications
OTHER: Bloom's: cRemembering
3. The ctype cof cmerchandiser cwho cpurchases cgoods cfrom cthe cproducer cand csells cthem cto cretailers cthat csell
cthem cto cthecconsumer cis ca:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service cbusiness.
ANSWER: c
RATIONALE: A cwholesaler cpurchases cgoods cfrom cthe cproducer cand csells cthem cto cthe cretailer.
Cengage cLearning cTesting, cPowered cby Page c3
cCognero
, POINTS:
CHAPTER 1
c1: cINTRODUCTION cTO cCOST
ACCOUNTING
cDIFFICULTY: Easy
Cengage cLearning cTesting, cPowered cby Page c4
cCognero
cACCOUNTING
Test Bank For Principles Of Cost Accounting,
c c c c c c c
17th Edition Edward J. Vanderbeck
c c c c c
Chapters 1 - 10, Complete
c c c c
Cengage cLearning cTesting, cPowered cby Page c1
cCognero
, CHAPTER c1: cINTRODUCTION cTO cCOST
cACCOUNTING
Contents
1. Ch c1: cIntroduction cto cCost cAccounting
2. Ch c2: cAccounting cfor cMaterials
3. Ch c3: cAccounting cfor cLabor
4. Ch c4: cAccounting cfor cFactory cOverhead
5. Ch c5: cProcess cCost cAccounting-General cProcedures
6. Ch c6: cProcess cCost cAccounting-Additional cProcedures; cAccounting cfor cJoint cProducts cand cBy-Products
7. Ch c7: cThe cMaster cBudget cand cFlexible cBudgeting
8. Ch c8: cStandard cCost cAccounting-Materials, cLabor, cand cFactory cOverhead
9. Ch c9: cCost cAccounting cfor cService cBusinesses, cthe cBalanced cScorecard, cand cQuality cCosts
10. Ch c10: cCost cAnalysis cfor cManagement cDecision cMaking
Cengage cLearning cTesting, cPowered cby Page c2
cCognero
,CHAPTER c1: cINTRODUCTION cTO cCOST
The cbusiness centity cthat cconverts cpurchased craw cmaterials cinto cfinished cgoods cby cusing clabor, ctechnology, cand
cACCOUNTING
facilitiescis ca:
c
a. Manufacturer.
b. Merchandiser.
c. Service cbusiness.
d. Not-for-profit cservice cagency.
ANSWER: a
RATIONALE: The cbusiness centity cthat cconverts cpurchased craw cmaterials cinto cfinished cgoods cby cusing
clabor,ctechnology, cand cfacilities cis ca cmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNING PRIN.EDWA.16.1 c- cIntroduction
cOBJECTIcVES:
ACCREDITING cSTAN c AACSB cAnalytic
DARDS: ACCT.AICPA.FN.03 c-
cMeasurementcBUSPROG.03 c-
cAnalytic
IMA-Business cApplications
OTHER: Bloom's: cRemembering
2. The cbusiness centity cthat cpurchases cfinished cgoods cfor cresale cis ca:
a. Manufacturer.
b. Merchandiser.
c. Service cbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: The cbusiness centity cthat cpurchases cfinished cgoods cfor cresale cis ca cmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING cOBJECTIVES cPRIN.EDWA.16.1 c- cIntroduction
:
ACCREDITING AACSB cAnalytic cACCT.AICPA.FN.03 c-
cSTANDAcRDS: cMeasurementcBUSPROG.03 c-
cAnalytic
IMA-Business cApplications
OTHER: Bloom's: cRemembering
3. The ctype cof cmerchandiser cwho cpurchases cgoods cfrom cthe cproducer cand csells cthem cto cretailers cthat csell
cthem cto cthecconsumer cis ca:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service cbusiness.
ANSWER: c
RATIONALE: A cwholesaler cpurchases cgoods cfrom cthe cproducer cand csells cthem cto cthe cretailer.
Cengage cLearning cTesting, cPowered cby Page c3
cCognero
, POINTS:
CHAPTER 1
c1: cINTRODUCTION cTO cCOST
ACCOUNTING
cDIFFICULTY: Easy
Cengage cLearning cTesting, cPowered cby Page c4
cCognero
