Principles of Cost Accounting, 17th Edition Test Bank: Chapters 1-10

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




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
J J J J J




Contents

1. ChJ1:JIntroductionJtoJCostJAccounting


2. ChJ2:JAccountingJforJMaterials


3. ChJ3:JAccountingJforJLabor

4. ChJ4:JAccountingJforJFactoryJOverhead


5. ChJ5:JProcessJCostJAccounting-GeneralJProcedures

6. ChJ6:JProcessJCostJAccounting-AdditionalJProcedures;JAccountingJforJJointJProductsJandJBy-Products


7. ChJ7:JTheJMasterJBudgetJandJFlexibleJBudgeting

8. ChJ8:JStandardJCostJAccounting-Materials,JLabor,JandJFactoryJOverhead


9. ChJ9:JCostJAccountingJforJServiceJBusinesses,JtheJBalancedJScorecard,JandJQualityJCosts

10. ChJ10:JCostJAnalysisJforJManagementJDecisionJMaking




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

TheJbusinessJentityJthatJconvertsJpurchasedJrawJmaterialsJintoJfinishedJgoodsJbyJusingJlabor,Jtechnology,JandJfacilitiesJisJa:
a. Manufacturer.
b. Merchandiser.
c. ServiceJbusiness.
d. Not-for-profitJserviceJagency.
ANSWER: a
RATIONALE:
TheJbusinessJentityJthatJconvertsJpurchasedJrawJmaterialsJintoJfinishedJgoodsJbyJusingJlabor,J
technology,JandJfacilitiesJisJaJmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGJOBJECTIJ PRIN.EDWA.16.1J-JIntroduction
VES:
ACCREDITINGJSTANJ AACSBJAnalytic
DARDS: ACCT.AICPA.FN.03J-
JMeasurementJBUSPROG.03J-

JAnalytic

IMA-BusinessJApplications
OTHER: Bloom's:JRemembering

2. TheJbusinessJentityJthatJpurchasesJfinishedJgoodsJforJresaleJisJa:
a. Manufacturer.
b. Merchandiser.
c. ServiceJbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: TheJbusinessJentityJthatJpurchasesJfinishedJgoodsJforJresaleJisJaJmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGJOBJECTIVESJPRIN.EDWA.16.1J-JIntroduction
:
ACCREDITINGJSTANDAJ AACSBJAnalyticJACCT.AICPA.FN.
RDS: 03J-JMeasurementJBUSPROG.03J-
JAnalytic

IMA-BusinessJApplications
OTHER: Bloom's:JRemembering

3. TheJtypeJofJmerchandiserJwhoJpurchasesJgoodsJfromJtheJproducerJandJsellsJthemJtoJretailersJthatJsellJthemJtoJtheJcon
sumerJisJa:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. ServiceJbusiness.
ANSWER: c
RATIONALE: AJwholesalerJpurchasesJgoodsJfromJtheJproducerJandJsellsJthemJtoJtheJretailer.
POINTS: 1
DIFFICULTY: Easy
CengageJLearningJTesting,JPoweredJbyJCognero PageJ3