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

CHAPTER 1: INTRODUCTION TO COST ACCOUNTING



Test Bank For Principles Of Cost Accounting,
B B B B B B B




17th Edition Edward J. Vanderbeck
B B B B B




Chapters 1 - 10, Complete
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, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING


Contents

1. ChB1:BIntroductionBtoBCostBAccounting


2. ChB2:BAccountingBforBMaterials


3. ChB3:BAccountingBforBLabor


4. ChB4:BAccountingBforBFactoryBOverhead


5. ChB5:BProcessBCostBAccounting-GeneralBProcedures


6. ChB6:BProcessBCostBAccounting-AdditionalBProcedures;BAccountingBforBJointBProductsBandBBy-Products


7. ChB7:BTheBMasterBBudgetBandBFlexibleBBudgeting


8. ChB8:BStandardBCostBAccounting-Materials,BLabor,BandBFactoryBOverhead


9. ChB9:BCostBAccountingBforBServiceBBusinesses,BtheBBalancedBScorecard,BandBQualityBCosts


10. ChB10:BCostBAnalysisBforBManagementBDecisionBMaking




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,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
TheBbusinessBentityBthatBconvertsBpurchasedBrawBmaterialsBintoBfinishedBgoodsBbyBusingBlabor,Btechnology,BandBfacilitiesB
isBa:
a. Manufacturer.
b. Merchandiser.
c. ServiceBbusiness.
d. Not-for-profitBserviceBagency.
ANSWER: a
RATIONALE:
TheBbusinessBentityBthatBconvertsBpurchasedBrawBmaterialsBintoBfinishedBgoodsBbyBusingBlabor,Btechn
ology,BandBfacilitiesBisBaBmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGBOBJECTIBVE PRIN.EDWA.16.1B-BIntroduction
S:
ACCREDITINGBSTANB AACSBBAnalytic
DARDS: ACCT.AICPA.FN.03B-
BMeasurementBBUSPROG.03B-
BAnalytic

IMA-BusinessBApplications
OTHER: Bloom's:BRemembering

2. TheBbusinessBentityBthatBpurchasesBfinishedBgoodsBforBresaleBisBa:
a. Manufacturer.
b. Merchandiser.
c. ServiceBbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: TheBbusinessBentityBthatBpurchasesBfinishedBgoodsBforBresaleBisBaBmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGBOBJECTIVESBPRIN.EDWA.16.1B-BIntroduction
:
ACCREDITINGBSTANDABRD AACSBBAnalyticBACCT.AICPA.FN.03B-
S: BMeasurementB BUSPROG.03B-
BAnalytic

IMA-BusinessBApplications
OTHER: Bloom's:BRemembering

3. TheBtypeBofBmerchandiserBwhoBpurchasesBgoodsBfromBtheBproducerBandBsellsBthemBtoBretailersBthatBsellBthemBto
BtheB
consumerBisBa:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. ServiceBbusiness.
ANSWER: c
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, CHAPTER 1: INTRODUCTION
RATIONALE: ABwholesalerTO COSTBgoods
Bpurchases ACCOUNTING
BfromBtheBproducerBandBsellsBthemBtoBtheBretailer.


POINTS: 1
DIFFICULTY: Easy




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