Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell

CHAPTER 1: INTRODUCTION TO COST ACCOUNTING



Test Bank For Principles Of Cost Accounting,
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17th Edition Edward J. Vanderbeck
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Chapters 1 - 10, Complete
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, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING


Contents

1. Chm1:mIntroductionmtomCostmAccounting


2. Chm2:mAccountingmformMaterials


3. Chm3:mAccountingmformLabor


4. Chm4:mAccountingmformFactorymOverhead


5. Chm5:mProcessmCostmAccounting-GeneralmProcedures


6. Chm6:mProcessmCostmAccounting-AdditionalmProcedures;mAccountingmformJointmProductsmandmBy-Products


7. Chm7:mThemMastermBudgetmandmFlexiblemBudgeting


8. Chm8:mStandardmCostmAccounting-Materials,mLabor,mandmFactorymOverhead


9. Chm9:mCostmAccountingmformServicemBusinesses,mthemBalancedmScorecard,mandmQualitymCosts


10. Chm10:mCostmAnalysismformManagementmDecisionmMaking




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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
Thembusinessmentitymthatmconvertsmpurchasedmrawmmaterialsmintomfinishedmgoodsmbymusingmlabor,mtechnology,mandmfacil
itiesmisma:
a. Manufacturer.
b. Merchandiser.
c. Servicembusiness.
d. Not-for-profitmservicemagency.
ANSWER: a
RATIONALE:
Thembusinessmentitymthatmconvertsmpurchasedmrawmmaterialsmintomfinishedmgoodsmbymusingmlabor,mt
echnology,mandmfacilitiesmismammanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGmOBJECTImVE PRIN.EDWA.16.1m-mIntroduction
S:
ACCREDITINGmSTANm AACSBmAnalytic
DARDS: ACCT.AICPA.FN.03m-
mMeasurementm BUSPROG.03m-
mAnalytic

IMA-BusinessmApplications
OTHER: Bloom's:mRemembering

2. Thembusinessmentitymthatmpurchasesmfinishedmgoodsmformresalemisma:
a. Manufacturer.
b. Merchandiser.
c. Servicembusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Thembusinessmentitymthatmpurchasesmfinishedmgoodsmformresalemismammerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGmOBJECTIVESmPRIN.EDWA.16.1m-mIntroduction
:
ACCREDITINGmSTANDAmR AACSBmAnalyticmACCT.AICPA.FN.03m-
DS: mMeasurementm BUSPROG.03m-
mAnalytic

IMA-BusinessmApplications
OTHER: Bloom's:mRemembering

3. Themtypemofmmerchandisermwhompurchasesmgoodsmfrommthemproducermandmsellsmthemmtomretailersmthatmsellmth
emmtomthemconsumermisma:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Servicembusiness.
ANSWER: c
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, CHAPTER 1: INTRODUCTION
RATIONALE: AmwholesalerTO COSTmgoods
mpurchases ACCOUNTING
mfrommthemproducermandmsellsmthemmtomthemretailer.


POINTS: 1
DIFFICULTY: Easy




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