Cost Accounting: A Managerial Emphasis, 16e (Horngren) QUESTIONS AND ANSWERS-A COMPREHENSIVE COLLECTION CO,PLETE FOR EXAM PREPARATION- GRADED A+

CHAPTER 9 INVENTORY COSTING AND CAPACITY ANALYSIS 9-1 No. Differences in operating income between variable costing and absorption costing are due to accounting for fixed manufacturing costs. Under variable costing, only variable manufacturing costs are included as inventoriable costs. Under abso...

Chapter 9 9-16 9-21 9-22 9-16 Variable and absorption costing, explaining operating-income differences. Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2014 are as follows: The selling price per vehicle is $24,000. The budgeted lev...

DeVry University, IrvingACCT 434week 3 chapter 11

CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-16 Disposal of assets. Answer the following questions. 1. A company has an inventory of 1,250 assorted parts for a line of missiles that has been discontinued. The inventory cost is $76,000. The parts can be either (a) remachined at total ...

CHAPTER 10 DETERMINING HOW COSTS BEHAVE 10-1 The two assumptions are 1. Variations in the level of a single activity (the cost driver) explain the variations in the related total costs. 2. Cost behavior is approximated by a linear cost function within the relevant range. A linear cost function...

Cost Accounting: A Managerial Emphasis, 16e (Horngren) Chapter 9 Inventory Costing and Capacity Analysis 9.1 Objective 9.1 1) Which of the following costs is inventoried when using variable costing? A) rent on factory building B) electricity consumed in manufacturing process C) sales commissio...

Cost Accounting: A Managerial Emphasis, 16e (Horngren) Chapter 4 Job Costing 4.1 Objective 4.1 1) A cost is considered direct if it can be traced to a particular cost object in a cost effective way which means it can be A) traced easily with the aid of technology B) traced in a manner that is ...

Cost Accounting: A Managerial Emphasis, 16e (Horngren) Chapter 7 Flexible Budgets, Direct-Cost Variances, and Management Control 7.1 Objective 7.1 1) A master budget is ________. A) a budget which starts from a zero base B) based on the level of expected output at the start of the budget perio...

1) Which of the following statements best define strategy? A) It describes how an organization can create value for its customers while differentiating itself from its competitors. B) It is an organization's ability to achieve lower costs relative to competitors through productivity and effici...

Cost Accounting: A Managerial Emphasis, 16e (Horngren) Chapter 2 An Introduction to Cost Terms and Purposes 2.1 Objective 2.1 1) Which of the following would be considered an actual cost of a current period? A) The $25 of materials in a manufactured chair that is ready to be shipped to the custo...

Cost Accounting: A Managerial Emphasis, 16e (Horngren) Chapter 14 Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis 14.1 Objective 14.1 1) Which of the following customer related costs are NOT economically feasible to trace but are related to a customer? A) the addi...

1) Which of the following defines spoilage? A) units of production that do not meet the specifications required by customers but that are subsequently repaired and sold as good finished units B) units of production whether fully or partially completed, that do not meet the specifications require...