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

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| | | |




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, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
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Contents

1. Ch |1: |Introduction |to |Cost |Accounting


2. Ch |2: |Accounting |for |Materials


3. Ch |3: |Accounting |for |Labor


4. Ch |4: |Accounting |for |Factory |Overhead


5. Ch |5: |Process |Cost |Accounting-General |Procedures


6. Ch |6: |Process |Cost |Accounting-Additional |Procedures; |Accounting |for |Joint |Products |and |By-Products


7. Ch |7: |The |Master |Budget |and |Flexible |Budgeting


8. Ch |8: |Standard |Cost |Accounting-Materials, |Labor, |and |Factory |Overhead


9. Ch |9: |Cost |Accounting |for |Service |Businesses, |the |Balanced |Scorecard, |and |Quality |Costs


10. Ch |10: |Cost |Analysis |for |Management |Decision |Making




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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
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The |business |entity |that |converts |purchased |raw |materials |into |finished |goods |by |using |labor, |technology, |and
|facilities|is |a:

a. Manufacturer.
b. Merchandiser.
c. Service |business.
d. Not-for-profit |service |agency.
ANSWER: a
RATIONALE: The |business |entity |that |converts |purchased |raw |materials |into |finished |goods |by |using |labor,
technology, |and |facilities |is |a |manufacturer.
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POINTS: 1
DIFFICULTY: Easy
LEARNING |OBJECTI PRIN.EDWA.16.1 |- |Introduction
|VES:


ACCREDITING |STAN | AACSB |Analytic
DARDS: ACCT.AICPA.FN.03 |- |Measurement
|BUSPROG.03 |- |Analytic

IMA-Business |Applications
OTHER: Bloom's: |Remembering

2. The |business |entity |that |purchases |finished |goods |for |resale |is |a:
a. Manufacturer.
b. Merchandiser.
c. Service |business.
d. Wholesaler.
ANSWER: b
RATIONALE: The |business |entity |that |purchases |finished |goods |for |resale |is |a |merchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING |OBJECTIVES |PRIN.EDWA.16.1 |- |Introduction
:
ACCREDITING |STANDA AACSB |Analytic |ACCT.AICPA.FN.03 |-
|RDS: |Measurement|BUSPROG.03 |-

|Analytic

IMA-Business |Applications
OTHER: Bloom's: |Remembering

3. The |type |of |merchandiser |who |purchases |goods |from |the |producer |and |sells |them |to |retailers |that |sell |them
|to |the|consumer |is |a:

a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service |business.
ANSWER: c
RATIONALE: A |wholesaler |purchases |goods |from |the |producer |and |sells |them |to |the |retailer.
POINTS: 1
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, DIFFICULTY: Easy
CHAPTER |1: |INTRODUCTION |TO |COST |ACCOUNTING




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