Test Bank nn
for nn
Managerial
nn n
Accounting
n n
forManagers
n nn
5thEditionBy
nn n n
Noreen
nn
,Managerial nnAccounting nnfor nnManagers, nn5e nn(Noreen)
nnChapter nn1 Managerial nnAccounting nnand nnCost
nnConcepts
1) A nnfactory nnsupervisor's nnsalary nnwould nnbe nnclassified nnas nnan nnindirect nncost nnwith nnrespect
nnto nna nnunit nnof nnproduct.
Answer: n n TRUE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnAssigning nnCosts nnto nnCost nnObjects
Learning nnObjective: n n 01-01 nnUnderstand nncost nnclassifications nnused nnfor nnassigning nncosts nnto
nncost nnobjects: nndirect nncosts nnand nnindirect nncosts.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
2) A nndirect nncost nnis nna nncost nnthat nncan nnbe nneasily nntraced nnto nnthe nnparticular nncost
nnobject nnunder nnconsideration.
Answer: n n TRUE
nnDifficulty: nn1 nnEasy
Topic: n n n n Cost nnClassifications nnfor nnAssigning nnCosts nnto nnCost nnObjects
Learning nnObjective: n n 01-01 nnUnderstand nncost nnclassifications nnused nnfor nnassigning nncosts nnto
nncost nnobjects: nndirect nncosts nnand nnindirect nncosts.
Bloom's: n n Remember
n n AACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
3) A nncost nncan nnbe nndirect nnor nnindirect. nnThe nnclassification nncan nnchange nnif nnthe nncost nnobject
nnchanges.
Answer: n n TRUE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnAssigning nnCosts nnto nnCost nnObjects
Learning nnObjective: n n 01-01 nnUnderstand nncost nnclassifications nnused nnfor nnassigning nncosts nnto
nncost nnobjects: nndirect nncosts nnand nnindirect nncosts.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
,4) Wages nnpaid nnto nnproduction nnsupervisors nnwould nnbe nnclassified nnas nnmanufacturing nnoverhead.
Answer: n n TRUE
nnDifficulty: nn1 nnEasy
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
5) Selling nncosts nnare nnindirect nncosts.
Answer: n n FALSE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Remember
n n AACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
6) The nnsum nnof nnall nnmanufacturing nncosts nnexcept nnfor nndirect nnmaterials nnand nndirect
nnlabor nnis nncalled nnmanufacturing nnoverhead.
Answer: n n TRUE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
7) The nnthree nncost nnelements nnordinarily nnincluded nnin nnproduct nncosts nnare nndirect nnmaterials,
nndirect nnlabor, nnand nnmanufacturing nnoverhead.
Answer: n n TRUE
nnDifficulty: nn1 nnEasy
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Remember
n n AACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
, 8) Administrative nncosts nnare nnindirect nncosts.
for nn
Managerial
nn n
Accounting
n n
forManagers
n nn
5thEditionBy
nn n n
Noreen
nn
,Managerial nnAccounting nnfor nnManagers, nn5e nn(Noreen)
nnChapter nn1 Managerial nnAccounting nnand nnCost
nnConcepts
1) A nnfactory nnsupervisor's nnsalary nnwould nnbe nnclassified nnas nnan nnindirect nncost nnwith nnrespect
nnto nna nnunit nnof nnproduct.
Answer: n n TRUE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnAssigning nnCosts nnto nnCost nnObjects
Learning nnObjective: n n 01-01 nnUnderstand nncost nnclassifications nnused nnfor nnassigning nncosts nnto
nncost nnobjects: nndirect nncosts nnand nnindirect nncosts.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
2) A nndirect nncost nnis nna nncost nnthat nncan nnbe nneasily nntraced nnto nnthe nnparticular nncost
nnobject nnunder nnconsideration.
Answer: n n TRUE
nnDifficulty: nn1 nnEasy
Topic: n n n n Cost nnClassifications nnfor nnAssigning nnCosts nnto nnCost nnObjects
Learning nnObjective: n n 01-01 nnUnderstand nncost nnclassifications nnused nnfor nnassigning nncosts nnto
nncost nnobjects: nndirect nncosts nnand nnindirect nncosts.
Bloom's: n n Remember
n n AACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
3) A nncost nncan nnbe nndirect nnor nnindirect. nnThe nnclassification nncan nnchange nnif nnthe nncost nnobject
nnchanges.
Answer: n n TRUE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnAssigning nnCosts nnto nnCost nnObjects
Learning nnObjective: n n 01-01 nnUnderstand nncost nnclassifications nnused nnfor nnassigning nncosts nnto
nncost nnobjects: nndirect nncosts nnand nnindirect nncosts.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
,4) Wages nnpaid nnto nnproduction nnsupervisors nnwould nnbe nnclassified nnas nnmanufacturing nnoverhead.
Answer: n n TRUE
nnDifficulty: nn1 nnEasy
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
5) Selling nncosts nnare nnindirect nncosts.
Answer: n n FALSE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Remember
n n AACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
6) The nnsum nnof nnall nnmanufacturing nncosts nnexcept nnfor nndirect nnmaterials nnand nndirect
nnlabor nnis nncalled nnmanufacturing nnoverhead.
Answer: n n TRUE
nnDifficulty: nn2
nnMedium
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Understand
nnAACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
7) The nnthree nncost nnelements nnordinarily nnincluded nnin nnproduct nncosts nnare nndirect nnmaterials,
nndirect nnlabor, nnand nnmanufacturing nnoverhead.
Answer: n n TRUE
nnDifficulty: nn1 nnEasy
Topic: n n n n Cost nnClassifications nnfor nnManufacturing nnCompanies
Learning nnObjective: n n 01-02 nnIdentify nnand nngive nnexamples nnof nneach nnof nnthe nnthree nnbasic
nnmanufacturing nncost nncategories.
Bloom's: n n Remember
n n AACSB: n n Reflective
nnThinking
AICPA: n n n n BB nnCritical nnThinking; nnFN nnMeasurement
, 8) Administrative nncosts nnare nnindirect nncosts.
