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

CHAPTER 1: INTRODUCTION TO COST ACCOUNTING



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




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, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING


Contents

1. Ch k1: kIntroduction kto kCost kAccounting


2. Ch k2: kAccounting kfor kMaterials


3. Ch k3: kAccounting kfor kLabor


4. Ch k4: kAccounting kfor kFactory kOverhead


5. Ch k5: kProcess kCost kAccounting-General kProcedures


6. Ch k6: kProcess kCost kAccounting-Additional kProcedures; kAccounting kfor kJoint kProducts kand kBy-Products


7. Ch k7: kThe kMaster kBudget kand kFlexible kBudgeting


8. Ch k8: kStandard kCost kAccounting-Materials, kLabor, kand kFactory kOverhead


9. Ch k9: kCost kAccounting kfor kService kBusinesses, kthe kBalanced kScorecard, kand kQuality kCosts


10. Ch k10: kCost kAnalysis kfor kManagement kDecision kMaking




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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
1.The kbusiness kentity kthat kconverts kpurchased kraw kmaterials kinto kfinished kgoods kby kusing klabor, ktechnology,
kand kfacilitieskis ka:
a. Manufacturer.
b. Merchandiser.
c. Service kbusiness.
d. Not-for-profit kservice kagency.
ANSWER: a
RATIONALE: The kbusiness kentity kthat kconverts kpurchased kraw kmaterials kinto kfinished kgoods kby kusing
klabor,ktechnology, kand kfacilities kis ka kmanufacturer.

POINTS: 1
DIFFICULTY: Easy
LEARNING kOBJECTI PRIN.EDWA.16.1 k- kIntroduction
kVES:

ACCREDITING kSTAN k AACSB kAnalytic
DARDS: ACCT.AICPA.FN.03 k- kMeasurement
kBUSPROG.03 k- kAnalytic
IMA-Business kApplications
OTHER: Bloom's: kRemembering

2. The kbusiness kentity kthat kpurchases kfinished kgoods kfor kresale kis ka:
a. Manufacturer.
b. Merchandiser.
c. Service kbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: The kbusiness kentity kthat kpurchases kfinished kgoods kfor kresale kis ka kmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING kOBJECTIVES kPRIN.EDWA.16.1 k- kIntroduction
:
ACCREDITING kSTANDA AACSB kAnalytic kACCT.AICPA.FN.03
kRDS: k- kMeasurementkBUSPROG.03 k-
kAnalytic
IMA-Business kApplications
OTHER: Bloom's: kRemembering

3. The ktype kof kmerchandiser kwho kpurchases kgoods kfrom kthe kproducer kand ksells kthem kto kretailers kthat
ksell kthem kto kthekconsumer kis ka:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service kbusiness.
ANSWER: c
RATIONALE: A kwholesaler kpurchases kgoods kfrom kthe kproducer kand ksells kthem kto kthe kretailer.
POINTS: 1
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, DIFFICULTY: Easy
CHAPTER 1: INTRODUCTION TO COST ACCOUNTING




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