Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell

CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
a a a a a




Test Bank For Principles Of Cost Accounting,
17th Edition Edward J. Vanderbeck
Chapters 1 - 10, Complete




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




Contents

1. Cha1:aIntroductionatoaCostaAccounting


2. Cha2:aAccountingaforaMaterials


3. Cha3:aAccountingaforaLabor


4. Cha4:aAccountingaforaFactoryaOverhead


5. Cha5:aProcessaCostaAccounting-GeneralaProcedures


6. Cha6:aProcessaCostaAccounting-AdditionalaProcedures;aAccountingaforaJointaProductsaandaBy-Products


7. Cha7:aTheaMasteraBudgetaandaFlexibleaBudgeting


8. Cha8:aStandardaCostaAccounting-Materials,aLabor,aandaFactoryaOverhead


9. Cha9:aCostaAccountingaforaServiceaBusinesses,atheaBalancedaScorecard,aandaQualityaCosts


10. Cha10:aCostaAnalysisaforaManagementaDecisionaMaking




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

Theabusinessaentityathataconvertsapurchasedarawamaterialsaintoafinishedagoodsabyausingalabor,atechnology,aandafacilitiesais
aa:

a. Manufacturer.
b. Merchandiser.
c. Serviceabusiness.
d. Not-for-profitaserviceaagency.
ANSWER: a
RATIONALE:
Theabusinessaentityathataconvertsapurchasedarawamaterialsaintoafinishedagoodsabyausingalabor,atechno
logy,aandafacilitiesaisaaamanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGaOBJECTIaVE PRIN.EDWA.16.1a-aIntroduction
S:
ACCREDITINGaSTANa AACSBaAnalytic
DARDS: ACCT.AICPA.FN.03a-
aMeasurementaBUSPROG.03a-

aAnalytic

IMA-BusinessaApplications
OTHER: Bloom's:aRemembering

2. Theabusinessaentityathatapurchasesafinishedagoodsaforaresaleaisaa:
a. Manufacturer.
b. Merchandiser.
c. Serviceabusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Theabusinessaentityathatapurchasesafinishedagoodsaforaresaleaisaaamerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGaOBJECTIVESaPRIN.EDWA.16.1a-aIntroduction
:
ACCREDITINGaSTANDAaRD AACSBaAnalyticaACCT.AICPA.FN.03a-
S: aMeasurementaBUSPROG.03a-

aAnalytic

IMA-BusinessaApplications
OTHER: Bloom's:aRemembering

3. Theatypeaofamerchandiserawhoapurchasesagoodsafromatheaproduceraandasellsathematoaretailersathatasellathematoa
theaconsumeraisaa:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Serviceabusiness.
ANSWER: c
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, RATIONALE: Aawholesaler
CHAPTERa1:aINTRODUCTION apurchases
aTO aCOSTaagoodsafromatheaproduceraandasellsathematoathearetailer.
ACCOUNTING
POINTS: 1
DIFFICULTY: Easy




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