NG
Test Bank For Principles Of Cost Accounting,
17th Edition Edward J. Vanderbeck
Chapters 1 - 10, Complete
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, CHAPTERW1:WINTRODUCTIONWTOWCOSTWACCOUNTI
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Contents
1. ChW1:WIntroductionWtoWCostWAccounting
2. ChW2:WAccountingWforWMaterials
3. ChW3:WAccountingWforWLabor
4. ChW4:WAccountingWforWFactoryWOverhead
5. ChW5:WProcessWCostWAccounting-GeneralWProcedures
6. ChW6:WProcessWCostWAccounting-AdditionalWProcedures;WAccountingWforWJointWProductsWandWBy-Products
7. ChW7:WTheWMasterWBudgetWandWFlexibleWBudgeting
8. ChW8:WStandardWCostWAccounting-Materials,WLabor,WandWFactoryWOverhead
9. ChW9:WCostWAccountingWforWServiceWBusinesses,WtheWBalancedWScorecard,WandWQualityWCosts
10. ChW10:WCostWAnalysisWforWManagementWDecisionWMaking
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,CHAPTERW1:WINTRODUCTIONWTOWCOSTWACCOUNTI
The
NGWbusinessWentityWthatWconvertsWpurchasedWrawWmaterialsWintoWfinishedWgoodsWbyWusingWlabor,Wtechnology,Wand
WfacilitiesWisWa:
a. Manufacturer.
b. Merchandiser.
c. ServiceWbusiness.
d. Not-for-profitWserviceWagency.
ANSWER: a
RATIONALE:
TheWbusinessWentityWthatWconvertsWpurchasedWrawWmaterialsWintoWfinishedWgoodsWbyWusingWlab
or,Wtechnology,WandWfacilitiesWisWaWmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGWOBJECTIWV PRIN.EDWA.16.1W-WIntroduction
ES:
ACCREDITINGWSTANW AACSBWAnalytic
DARDS: ACCT.AICPA.FN.03W-
WMeasurementWBUSPROG.03W-
WAnalytic
IMA-BusinessWApplications
OTHER: Bloom's:WRemembering
2. TheWbusinessWentityWthatWpurchasesWfinishedWgoodsWforWresaleWisWa:
a. Manufacturer.
b. Merchandiser.
c. ServiceWbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: TheWbusinessWentityWthatWpurchasesWfinishedWgoodsWforWresaleWisWaWmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGWOBJECTIVESWPRIN.EDWA.16.1W-WIntroduction
:
ACCREDITINGWSTANDAWR AACSBWAnalyticWACCT.AICPA.FN.03W
DS: -WMeasurementWBUSPROG.03W-
WAnalytic
IMA-BusinessWApplications
OTHER: Bloom's:WRemembering
3. TheWtypeWofWmerchandiserWwhoWpurchasesWgoodsWfromWtheWproducerWandWsellsWthemWtoWretailersWthatWse
llWthemWtoWtheWconsumerWisWa:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. ServiceWbusiness.
ANSWER: c
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, RATIONALE: W1:WINTRODUCTION
CHAPTER AWwholesalerWWTO
purchases
WCOST Wgoods WfromWtheWproducerWandWsellsWthemWtoWtheWretailer.
WACCOUNTI
NG
POINTS: 1
DIFFICULTY: Easy
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