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

CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
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Test Bank For Principles Of Cost Accounting,
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17th Edition Edward J. Vanderbeck
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Chapters 1 - 10, Complete n n n n




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, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
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Contents

1. Ch n1: nIntroduction nto nCost nAccounting


2. Ch n2: nAccounting nfor nMaterials


3. Ch n3: nAccounting nfor nLabor


4. Ch n4: nAccounting nfor nFactory nOverhead


5. Ch n5: nProcess nCost nAccounting-General nProcedures


6. Ch n6: nProcess nCost nAccounting-Additional nProcedures; nAccounting nfor nJoint nProducts nand nBy-Products


7. Ch n7: nThe nMaster nBudget nand nFlexible nBudgeting


8. Ch n8: nStandard nCost nAccounting-Materials, nLabor, nand nFactory nOverhead


9. Ch n9: nCost nAccounting nfor nService nBusinesses, nthe nBalanced nScorecard, nand nQuality nCosts


10. Ch n10: nCost nAnalysis nfor nManagement nDecision nMaking




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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
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The nbusiness nentity nthat nconverts npurchased nraw nmaterials ninto nfinished ngoods nby nusing nlabor, ntechnology, nand
nfacilitiesn
is na:
a. Manufacturer.
b. Merchandiser.
c. Service nbusiness.
d. Not-for-profit nservice nagency.
ANSWER: a
RATIONALE: The nbusiness nentity nthat nconverts npurchased nraw nmaterials ninto nfinished ngoods nby nusing nlabor,
technology, nand nfacilities nis na nmanufacturer.
n


POINTS: 1
DIFFICULTY: Easy
LEARNING PRIN.EDWA.16.1 n- nIntroduction
nOBJECTIn
VES:
ACCREDITING nSTAN n AACSB nAnalytic
DARDS: ACCT.AICPA.FN.03 n- nMeasurement
BUSPROG.03 n- nAnalytic
n

IMA-Business nApplications
OTHER: Bloom's: nRemembering

2. The nbusiness nentity nthat npurchases nfinished ngoods nfor nresale nis na:
a. Manufacturer.
b. Merchandiser.
c. Service nbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: The nbusiness nentity nthat npurchases nfinished ngoods nfor nresale nis na nmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING nOBJECTIVES nPRIN.EDWA.16.1 n- nIntroduction
:
ACCREDITING AACSB nAnalytic nACCT.AICPA.FN.03 n-
nSTANDAnRDS: nMeasurementn BUSPROG.03 n-
nAnalytic

IMA-Business nApplications
OTHER: Bloom's: nRemembering

3. The ntype nof nmerchandiser nwho npurchases ngoods nfrom nthe nproducer nand nsells nthem nto nretailers nthat nsell
nthem nto nthenconsumer nis na:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service nbusiness.
ANSWER: c
RATIONALE: A nwholesaler npurchases ngoods nfrom nthe nproducer nand nsells nthem nto nthe nretailer.
POINTS: 1
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, DIFFICULTY: Easy
CHAPTER n1: nINTRODUCTION nTO nCOST nACCOUNTING




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