CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
n n n n n
Test Bank For Principles Of Cost Accounting,
n n n n n n n
17th Edition Edward J. Vanderbeck
n n n n n
Chapters 1 - 10, Complete n n n n
Cengage nLearning nTesting, nPowered nby Page n1
nCognero
, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
n n n n n
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
Cengage nLearning nTesting, nPowered nby Page n2
nCognero
,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
n n n n n
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
Cengage nLearning nTesting, nPowered nby Page n3
nCognero
, DIFFICULTY: Easy
CHAPTER n1: nINTRODUCTION nTO nCOST nACCOUNTING
Cengage nLearning nTesting, nPowered nby Page n4
nCognero
n n n n n
Test Bank For Principles Of Cost Accounting,
n n n n n n n
17th Edition Edward J. Vanderbeck
n n n n n
Chapters 1 - 10, Complete n n n n
Cengage nLearning nTesting, nPowered nby Page n1
nCognero
, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
n n n n n
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
Cengage nLearning nTesting, nPowered nby Page n2
nCognero
,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
n n n n n
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
Cengage nLearning nTesting, nPowered nby Page n3
nCognero
, DIFFICULTY: Easy
CHAPTER n1: nINTRODUCTION nTO nCOST nACCOUNTING
Cengage nLearning nTesting, nPowered nby Page n4
nCognero
