Principles of Cost Accounting 17th Edition Edward J Vanderbeck Maria R Mitchell- Test Bank

Test Bank for Principles of Cost Accounting,
17th Edition Edward J. Vanderbeck

Chapters 1 - 10, Complete




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,Contents

1. ChN1:NIntroductionNtoNCostNAccounting


2. ChN2:NAccountingNforNMaterials


3. ChN3:NAccountingNforNLabor


4. ChN4:NAccountingNforNFactoryNOverhead


5. ChN5:NProcessNCostNAccounting-GeneralNProcedures


6. ChN6:NProcessNCostNAccounting-AdditionalNProcedures;NAccountingNforNJointNProductsNandNBy-Products


7. ChN7:NTheNMasterNBudgetNandNFlexibleNBudgeting


8. ChN8:NStandardNCostNAccounting-Materials,NLabor,NandNFactoryNOverhead


9. ChN9:NCostNAccountingNforNServiceNBusinesses,NtheNBalancedNScorecard,NandNQualityNCosts


10. ChN10:NCostNAnalysisNforNManagementNDecisionNMaking




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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
N N N N N



TheNbusinessNentityNthatNconvertsNpurchasedNrawNmaterialsNintoNfinishedNgoodsNbyNusingNlabor,Ntechnology,NandNfaciliti
esNisNa:
a. Manufacturer.
b. Merchandiser.
c. ServiceNbusiness.
d. Not-for-profitNserviceNagency.
ANSWER: a
RATIONALE:
TheNbusinessNentityNthatNconvertsNpurchasedNrawNmaterialsNintoNfinishedNgoodsNbyNusingNlabor,Ntech
nology,NandNfacilitiesNisNaNmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGNOBJECTINVE PRIN.EDWA.16.1N-NIntroduction
S:
ACCREDITINGNSTANN AACSBNAnalytic
DARDS: ACCT.AICPA.FN.03N-
NMeasurementN BUSPROG.03N-
NAnalytic

IMA-BusinessNApplications
OTHER: Bloom's:NRemembering

2. TheNbusinessNentityNthatNpurchasesNfinishedNgoodsNforNresaleNisNa:
a. Manufacturer.
b. Merchandiser.
c. ServiceNbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: TheNbusinessNentityNthatNpurchasesNfinishedNgoodsNforNresaleNisNaNmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGNOBJECTIVESNPRIN.EDWA.16.1N-NIntroduction
:
ACCREDITINGNSTANDANRD AACSBNAnalyticNACCT.AICPA.FN.03N-
S: NMeasurementN BUSPROG.03N-
NAnalytic

IMA-BusinessNApplications
OTHER: Bloom's:NRemembering

3. TheNtypeNofNmerchandiserNwhoNpurchasesNgoodsNfromNtheNproducerNandNsellsNthemNtoNretailersNthatNsellNthemN
toNtheNconsumerNisNa:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. ServiceNbusiness.
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, ANSWER: c
RATIONALE: ANwholesalerNpurchasesNgoodsNfromNtheNproducerNandNsellsNthemNtoNtheNretailer.
POINTS: 1
DIFFICULTY: Easy




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