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Test6Bank6For6Principles6Of6Cost6Accounting,6
17th6Edition6Edward6J.6Vanderbeck6
Chapters616-610,6Complete
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, CHAPTER61:6INTRODUCTION6TO6COST6ACCOUNTI
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Contents
1. Ch61:6Introduction6to6Cost6Accounting
2. Ch62:6Accounting6for6Materials
3. Ch63:6Accounting6for6Labor
4. Ch64:6Accounting6for6Factory6Overhead
5. Ch65:6Process6Cost6Accounting-General6Procedures
6. Ch66:6Process6Cost6Accounting-Additional6Procedures;6Accounting6for6Joint6Products6and6By-Products
7. Ch67:6The6Master6Budget6and6Flexible6Budgeting
8. Ch68:6Standard6Cost6Accounting-Materials,6Labor,6and6Factory6Overhead
9. Ch69:6Cost6Accounting6for6Service6Businesses,6the6Balanced6Scorecard,6and6Quality6Costs
10. Ch610:6Cost6Analysis6for6Management6Decision6Making
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,CHAPTER61:6INTRODUCTION6TO6COST6ACCOUNTI
The6business6entity6that6converts6purchased6raw6materials6into6finished6goods6by6using6labor,6technology,6an
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d6facilities6is6a:
a. Manufacturer.
b. Merchandiser.
c. Service6business.
d. Not-for-profit6service6agency.
ANSWER: a
RATIONALE:
The6business6entity6that6converts6purchased6raw6materials6into6finished6goods6by6using6labo
r,6technology,6and6facilities6is6a6manufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNING6OBJECTI6V PRIN.EDWA.16.16-6Introduction
ES:
ACCREDITING6STAN6AACSB6Analytic
DARDS: ACCT.AICPA.FN.036-
6Measurement6BUSPROG.036-
6Analytic
IMA-Business6Applications
OTHER: Bloom's:6Remembering
2. The6business6entity6that6purchases6finished6goods6for6resale6is6a:
a. Manufacturer.
b. Merchandiser.
c. Service6business.
d. Wholesaler.
ANSWER: b
RATIONALE: The6business6entity6that6purchases6finished6goods6for6resale6is6a6merchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING6OBJECTIVES6PRIN.EDWA.16.16-6Introduction
:
ACCREDITING6STANDA6R AACSB6Analytic6ACCT.AICPA.FN.036
DS: -6Measurement6BUSPROG.036-
6Analytic
IMA-Business6Applications
OTHER: Bloom's:6Remembering
3. The6type6of6merchandiser6who6purchases6goods6from6the6producer6and6sells6them6to6retailers6that6s
ell6them6to6the6consumer6is6a:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service6business.
ANSWER: c
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, RATIONALE: A6wholesaler6purchases6goods6from6the6producer6and6sells6them6to6the6retailer.
CHAPTER61:6INTRODUCTION6TO6COST6ACCOUNTI
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POINTS: 1
DIFFICULTY: Easy
Cengage6Learning6Testing,6Powered6by6Cogn Page64
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