DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
Chapter 02 s s
Cost Terms, Concepts, and Classifications
s s s s
MultiplesChoicesQuestions
1. Whatswouldsbesthesclassificationsofscorporatescontroller'sssalary?
A. Manufacturingscost.
B. Productscost.
C. Administrativescost.
D. Sellingscost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s Topic:s02-08sNon-
manufacturingsCosts
2. Howsshouldsthescostsofsthesfiresinsurancesforsasmanufacturingsplantsbesclassified?
A. Primescost.
B. Productscost.
C. Periodscost.
D. Variablescost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.
Topic:s02-
06sManufacturingsOverheads Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-1
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
3. Howswouldsthescostsofsrentsforsasmanufacturingsplantsgenerallysbesclassified?
A. Asproductscostsbutsnotsasprimescost.
B. Neithersasproductsnorsprimescost.
C. Asprimescostsbutsnotsasproductscost.
D. Bothsasprimescostsandsproductscost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.
Topic:s02-
06sManufacturingsOverheads Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
4. Forsaslampsmanufacturingscompany,sthescostsofsthesinsurancesonsitssvehiclessthatsdeliversla
mpsstoscustomerssissbestsdescribedsassa:
A. Primescost.
B. Manufacturingsoverheadscost.
C. Periodscost.
D. Differentialscostsofsaslamp.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
5. Forsasmanufacturingscompany,swhichsofsthesfollowingsissansexamplesofsasperiodscostsratherstha
nsasproductscost?
A. Depreciationsofsfactorysequipment.
B. Wagessofssalespersons.
C. Wagessofsmachinesoperators.
D. Insurancesonsfactorysequipment.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-2
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
6. Whichsofsthesfollowingswouldsbesconsideredsasproductscostsforsexternalsfinancialsreportingspu
rposes?
A. Costsofsaswarehousesusedstosstoresfinishedsgoods.
B. Costsofsguidedspublicstourssthroughsthescompany'ssfacilities.
C. Costsofstravelsnecessarystossellsthesmanufacturedsproduct.
D. Costsofssandsspreadsonsthesfactorysfloorstosabsorbsoilsfromsmanufacturingsmachines.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
7. WhichsofsthesfollowingswouldsNOTsbestreatedsassasproductscostsforsexternalsfinancialsre
portingspurposes?
A. Depreciationsonsasfactorysbuilding.
B. Salariessofsfactorysworkers.
C. Indirectslaboursinsthesfactory.
D. Advertisingsexpenses.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
8. Whatswouldsbesthesclassificationsofsthestransportationscostssincurredsbysasmanufacturingsco
mpanystosshipsitssproductstositsscustomers?
A. Productscost.
B. Manufacturingsoverhead.
C. Periodscost.
D. Administrativescost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-3
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
9. ThesadvertisingscostssincurredsbysPepsistosairsitsscommercialssduringstheshockeysseasonscansbe
stsbesdescribedsassa:
A. Variablescost.
B. Fixedscost.
C. Primescost.
D. Conversionscost.
Blooms:sApply
CPAsCompetency:s3.3.2sEvaluatessandsappliesscostsmanagementstechniquessappropriatesforsspecificscostingsdecisions.s
Difficulty:sMedium
LearningsObjective:s02-
05sExplainsthesdifferencessbetweensvariablesandsfixedscosts.s Topic:s02-20sVariablesCost
Topic:s02-21sFixedsCost
10. MicrosComputersCompanyshasssetsupsastoll-
freestelephoneslinesforscustomersinquiriessregardingscomputershardwaresproducedsbysthescompa
ny.sHowswouldsthescostsofsthisstoll-freeslinesbesclassified?
A. Productscost.
B. Manufacturingsoverhead.
C. Directslabour.
D. Periodscost.
Blooms:sApply
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-4
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
Chapter 02 s s
Cost Terms, Concepts, and Classifications
s s s s
MultiplesChoicesQuestions
1. Whatswouldsbesthesclassificationsofscorporatescontroller'sssalary?
A. Manufacturingscost.
B. Productscost.
C. Administrativescost.
D. Sellingscost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s Topic:s02-08sNon-
manufacturingsCosts
2. Howsshouldsthescostsofsthesfiresinsurancesforsasmanufacturingsplantsbesclassified?
A. Primescost.
B. Productscost.
C. Periodscost.
D. Variablescost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.
Topic:s02-
06sManufacturingsOverheads Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-1
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
3. Howswouldsthescostsofsrentsforsasmanufacturingsplantsgenerallysbesclassified?
A. Asproductscostsbutsnotsasprimescost.
B. Neithersasproductsnorsprimescost.
C. Asprimescostsbutsnotsasproductscost.
D. Bothsasprimescostsandsproductscost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
01sIdentifysandsgivesexamplessofseachsofsthesthreesbasicsmanufacturingscostscategories.s LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.
Topic:s02-
06sManufacturingsOverheads Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
4. Forsaslampsmanufacturingscompany,sthescostsofsthesinsurancesonsitssvehiclessthatsdeliversla
mpsstoscustomerssissbestsdescribedsassa:
A. Primescost.
B. Manufacturingsoverheadscost.
C. Periodscost.
D. Differentialscostsofsaslamp.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
5. Forsasmanufacturingscompany,swhichsofsthesfollowingsissansexamplesofsasperiodscostsratherstha
nsasproductscost?
A. Depreciationsofsfactorysequipment.
B. Wagessofssalespersons.
C. Wagessofsmachinesoperators.
D. Insurancesonsfactorysequipment.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-2
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
6. Whichsofsthesfollowingswouldsbesconsideredsasproductscostsforsexternalsfinancialsreportingspu
rposes?
A. Costsofsaswarehousesusedstosstoresfinishedsgoods.
B. Costsofsguidedspublicstourssthroughsthescompany'ssfacilities.
C. Costsofstravelsnecessarystossellsthesmanufacturedsproduct.
D. Costsofssandsspreadsonsthesfactorysfloorstosabsorbsoilsfromsmanufacturingsmachines.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sMedium
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
7. WhichsofsthesfollowingswouldsNOTsbestreatedsassasproductscostsforsexternalsfinancialsre
portingspurposes?
A. Depreciationsonsasfactorysbuilding.
B. Salariessofsfactorysworkers.
C. Indirectslaboursinsthesfactory.
D. Advertisingsexpenses.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
8. Whatswouldsbesthesclassificationsofsthestransportationscostssincurredsbysasmanufacturingsco
mpanystosshipsitssproductstositsscustomers?
A. Productscost.
B. Manufacturingsoverhead.
C. Periodscost.
D. Administrativescost.
Blooms:sUnderstand
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-3
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
, DOWNLOAD THE Test Bank for Managerial Accounting 11th Edition Garrison
s s s s s s s s s
Chapters02s-sCostsTerms,sConcepts,sandsClassifications
9. ThesadvertisingscostssincurredsbysPepsistosairsitsscommercialssduringstheshockeysseasonscansbe
stsbesdescribedsassa:
A. Variablescost.
B. Fixedscost.
C. Primescost.
D. Conversionscost.
Blooms:sApply
CPAsCompetency:s3.3.2sEvaluatessandsappliesscostsmanagementstechniquessappropriatesforsspecificscostingsdecisions.s
Difficulty:sMedium
LearningsObjective:s02-
05sExplainsthesdifferencessbetweensvariablesandsfixedscosts.s Topic:s02-20sVariablesCost
Topic:s02-21sFixedsCost
10. MicrosComputersCompanyshasssetsupsastoll-
freestelephoneslinesforscustomersinquiriessregardingscomputershardwaresproducedsbysthescompa
ny.sHowswouldsthescostsofsthisstoll-freeslinesbesclassified?
A. Productscost.
B. Manufacturingsoverhead.
C. Directslabour.
D. Periodscost.
Blooms:sApply
CPAsCompetency:s3.3.1sEvaluatesscostsclassificationssandscostingsmethodssforsmanagementsofsongoingsoperations.s
Difficulty:sEasy
LearningsObjective:s02-
02sDistinguishsbetweensproductscostssandsperiodscosts;sandsgivesexamplessofseach.s Topic:s02-
10sProductsCosts
Topic:s02-11sPeriodsCosts
2-4
Copyrights©s2018sMcGraw-
HillsEducation.sAllsrightssreserved.sNosreproductionsorsdistributionswithoutsthespriorswrittensconsentsofs McGraw-HillsEducation.
mynursytest.store
