Test Bank for Personal Financial Planning, 12th Edition by Randy Billingsley.pdf

DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s




Chapters02s-sCostsTerms,sConcepts,sandsClassifications


Chapter 02 s s


Cost Terms, Concepts, and Classifications
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MultiplesChoicesQuestions


1. Whatswouldsbesthesclassificationsofscorporatescontroller'sssalary?
A. Manufacturingscost.
B. Productscost.
C. Administrativescost.
D. Sellingscost.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s Topic:s02-08sNon-
manufacturingsCosts



2. Howsshouldsthescostsofsthesfiresinsurancesforsasmanufacturingsplantsbesclassified?
A. Primescost.
B. Productscost.
C. Periodscost.
D. Variablescost.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.
Topic:s02-
06sManufacturingsOverheads Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts




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,DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
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Chapters02s-sCostsTerms,sConcepts,sandsClassifications




3. Howswouldsthescostsofsrentsforsasmanufacturingsplantsgenerallysbesclassified?
A. Asproductscostsbutsnotsasprimescost.
B. Neithersasproductsnorsprimescost.
C. Asprimescostsbutsnotsasproductscost.
D. Bothsasprimescostsandsproductscost.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.
Topic:s02-
06sManufacturingsOverheads Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts



4. Forsaslampsmanufacturingscompany,sthescostsofsthesinsurancesonsitssvehiclessthatsdeliversla
mpsstoscustomerssissbestsdescribedsassa:
A. Primescost.
B. Manufacturingsoverheadscost.
C. Periodscost.
D. Differentialscostsofsaslamp.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts



5. Forsasmanufacturingscompany,swhichsofsthesfollowingsissansexamplesofsasperiodscostsratherstha
nsasproductscost?
A. Depreciationsofsfactorysequipment.
B. Wagessofssalespersons.
C. Wagessofsmachinesoperators.
D. Insurancesonsfactorysequipment.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
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HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
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,DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s




Chapters02s-sCostsTerms,sConcepts,sandsClassifications




6. Whichsofsthesfollowingswouldsbesconsideredsasproductscostsforsexternalsfinancialsreportingspu
rposes?
A. Costsofsaswarehousesusedstosstoresfinishedsgoods.
B. Costsofsguidedspublicstourssthroughsthescompany'ssfacilities.
C. Costsofstravelsnecessarystossellsthesmanufacturedsproduct.
D. Costsofssandsspreadsonsthesfactorysfloorstosabsorbsoilsfromsmanufacturingsmachines.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts



7. WhichsofsthesfollowingswouldsNOTsbestreatedsassasproductscostsforsexternalsfinancialsre
portingspurposes?
A. Depreciationsonsasfactorysbuilding.
B. Salariessofsfactorysworkers.
C. Indirectslaboursinsthesfactory.
D. Advertisingsexpenses.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts



8. Whatswouldsbesthesclassificationsofsthestransportationscostssincurredsbysasmanufacturingsco
mpanystosshipsitssproductstositsscustomers?
A. Productscost.
B. Manufacturingsoverhead.
C. Periodscost.
D. Administrativescost.


Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts


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HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store

, DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s




Chapters02s-sCostsTerms,sConcepts,sandsClassifications




9. ThesadvertisingscostssincurredsbysPepsistosairsitsscommercialssduringstheshockeysseasonscansbe
stsbesdescribedsassa:
A. Variablescost.
B. Fixedscost.
C. Primescost.
D. Conversionscost.


Blooms:sApply
CPAsCompetency:s3.3.2sEvaluatessandsappliesscostsmanagementstechniquessappropriatesforsspecificscostingsdecisions.s
Difficulty:sMedium
LearningsObjective:s02-
05sExplainsthesdifferencessbetweensvariablesandsfixedscosts.s Topic:s02-20sVariablesCost
Topic:s02-21sFixedsCost



10. MicrosComputersCompanyshasssetsupsastoll-
freestelephoneslinesforscustomersinquiriessregardingscomputershardwaresproducedsbysthescompa
ny.sHowswouldsthescostsofsthisstoll-freeslinesbesclassified?
A. Productscost.
B. Manufacturingsoverhead.
C. Directslabour.
D. Periodscost.


Blooms:sApply
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts




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HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store