CHAPTERr1:rINTRODUCTIONrTOrCOSTrACCOUNTING
Test Bank
Principles Of Cost Accounting, 17th Edition
By Edward J. Vanderbeck
All Chapters 1-10
, CHAPTERr1:rINTRODUCTIONrTOrCOSTrACCOUNTING
TABLE OF CONTENT r r
1. Chr1:rIntroductionrtorCostrAccounting
2. Chr2:rAccountingrforrMaterials
3. Chr3:rAccountingrforrLabor
4. Chr4:rAccountingrforrFactoryrOverhead
5. Chr5:rProcessrCostrAccounting-GeneralrProcedures
6. Chr6:rProcessrCostrAccounting-AdditionalrProcedures;rAccountingrforrJointrProductsrandrBy-Products
7. Chr7:rTherMasterrBudgetrandrFlexiblerBudgeting
8. Chr8:rStandardrCostrAccounting-Materials,rLabor,randrFactoryrOverhead
9. Chr9:rCostrAccountingrforrServicerBusinesses,rtherBalancedrScorecard,randrQualityrCosts
10. Chr10:rCostrAnalysisrforrManagementrDecisionrMaking
,CHAPTERr1:rINTRODUCTIONrTOrCOSTrACCOUNTING
Therbusinessrentityrthatrconvertsrpurchasedrrawrmaterialsrintorfinishedrgoodsrbyrusingrlabor,rtechnology,randrfac
ilitiesrisra:
a. Manufacturer.
b. Merchandiser.
c. Servicerbusiness.
d. Not-for-profitrserviceragency.
ANSWER: a
RATIONALE:
Therbusinessrentityrthatrconvertsrpurchasedrrawrmaterialsrintorfinishedrgoodsrbyrusingrlabor,rt
echnology,randrfacilitiesrisrarmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGrOBJEC PRIN.EDWA.16.1r-rIntroduction
TIrVES:
ACCREDITINGrSTANr AACSBrAnalytic
DARDS ACCT.AICPA.FN.03r-
: rMeasurementrBUSPROG.03r-
rAnalytic
IMA-BusinessrApplications
OTHER: Bloom's:rRemembering
2. Therbusinessrentityrthatrpurchasesrfinishedrgoodsrforrresalerisra:
a. Manufacturer.
b. Merchandiser.
c. Servicerbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Therbusinessrentityrthatrpurchasesrfinishedrgoodsrforrresalerisrarmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGrOBJECTIVESrPRIN.EDWA.16.1r-rIntroduction
:
ACCREDITINGrSTAND AACSBrAnalyticrACCT.AICPA.FN
ArRDS: .03r-
rMeasurementrBUSPROG.03r-
rAnalytic
IMA-BusinessrApplications
OTHER: Bloom's:rRemembering
3. Thertyperofrmerchandiserrwhorpurchasesrgoodsrfromrtherproducerrandrsellsrthemrtorretailersrthatrsellrthe
mrtortherconsumerrisra:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Servicerbusiness.
ANSWER: c
RATIONALE: Arwholesalerrpurchasesrgoodsrfromrtherproducerrandrsellsrthemrtortherretailer.
, POINTS: 1
CHAPTERr1:rINTRODUCTION rTOrCOSTrACCOUNTING
DIFFICULTY: Easy
Test Bank
Principles Of Cost Accounting, 17th Edition
By Edward J. Vanderbeck
All Chapters 1-10
, CHAPTERr1:rINTRODUCTIONrTOrCOSTrACCOUNTING
TABLE OF CONTENT r r
1. Chr1:rIntroductionrtorCostrAccounting
2. Chr2:rAccountingrforrMaterials
3. Chr3:rAccountingrforrLabor
4. Chr4:rAccountingrforrFactoryrOverhead
5. Chr5:rProcessrCostrAccounting-GeneralrProcedures
6. Chr6:rProcessrCostrAccounting-AdditionalrProcedures;rAccountingrforrJointrProductsrandrBy-Products
7. Chr7:rTherMasterrBudgetrandrFlexiblerBudgeting
8. Chr8:rStandardrCostrAccounting-Materials,rLabor,randrFactoryrOverhead
9. Chr9:rCostrAccountingrforrServicerBusinesses,rtherBalancedrScorecard,randrQualityrCosts
10. Chr10:rCostrAnalysisrforrManagementrDecisionrMaking
,CHAPTERr1:rINTRODUCTIONrTOrCOSTrACCOUNTING
Therbusinessrentityrthatrconvertsrpurchasedrrawrmaterialsrintorfinishedrgoodsrbyrusingrlabor,rtechnology,randrfac
ilitiesrisra:
a. Manufacturer.
b. Merchandiser.
c. Servicerbusiness.
d. Not-for-profitrserviceragency.
ANSWER: a
RATIONALE:
Therbusinessrentityrthatrconvertsrpurchasedrrawrmaterialsrintorfinishedrgoodsrbyrusingrlabor,rt
echnology,randrfacilitiesrisrarmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGrOBJEC PRIN.EDWA.16.1r-rIntroduction
TIrVES:
ACCREDITINGrSTANr AACSBrAnalytic
DARDS ACCT.AICPA.FN.03r-
: rMeasurementrBUSPROG.03r-
rAnalytic
IMA-BusinessrApplications
OTHER: Bloom's:rRemembering
2. Therbusinessrentityrthatrpurchasesrfinishedrgoodsrforrresalerisra:
a. Manufacturer.
b. Merchandiser.
c. Servicerbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Therbusinessrentityrthatrpurchasesrfinishedrgoodsrforrresalerisrarmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGrOBJECTIVESrPRIN.EDWA.16.1r-rIntroduction
:
ACCREDITINGrSTAND AACSBrAnalyticrACCT.AICPA.FN
ArRDS: .03r-
rMeasurementrBUSPROG.03r-
rAnalytic
IMA-BusinessrApplications
OTHER: Bloom's:rRemembering
3. Thertyperofrmerchandiserrwhorpurchasesrgoodsrfromrtherproducerrandrsellsrthemrtorretailersrthatrsellrthe
mrtortherconsumerrisra:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Servicerbusiness.
ANSWER: c
RATIONALE: Arwholesalerrpurchasesrgoodsrfromrtherproducerrandrsellsrthemrtortherretailer.
, POINTS: 1
CHAPTERr1:rINTRODUCTION rTOrCOSTrACCOUNTING
DIFFICULTY: Easy
