说明优才英文p1-unit

我考课题社我考课题社名师资讯退英文P1 题库练//我的题 课/英文P1SectionUnit5CostAccumulationSystems知识点1（单选题）LucySportswearmanufacturesaspecialtylineofT-shirtsusingajob-ordercostingsystem.DuringMarch,thefollowingcostswereincurredincompletingjobICU2:directmaterials,$13,700;directlabor,$4,800;administrative,$1,400;andselling,$5,600.Overheadwasappliedattherateof$25permachinehour,andjobICU2required800machinehours.IfjobICU2resultedin7,000goodshirts,thecostofgoodssoldperunitwouldbe查看报告查看解析A、$650B、$6.30D、$5正确答案是解展开答疑我要纠 收藏试题|收起解您的答案是Answer(A)isTheamountof$6.50includessellingandadministrativeexpenses.Answer(B)isincorrect.Theamountof$6.30includessellingcosts.Answer(C)isincorrect.Theamountof$5.70includesadministrativeexpenses.Answer(D)iscorrect.Costofgoodssoldisbasedonthemanufacturingcostsincurre notincludesellingorgeneralandadministrativeexpenses.Manufacturingcostsequal$38,500[$13,700DM+$4,800DL+(800hours×$25)OH].Thus,per-unitcostis$5.50($38,500÷7,000units).Unit5CostAccumulation编辑笔只看错题2（单选题）FelicityCorporationmanufacturesaspecialtylineofdressesusingajob-ordercostingsystemDuringJanuarythefollowingcostswereincurredincompletingjobJ-1:Direct Direct Administrative Selling Factoryoverheadwasappliedattherateof$50perdirectlaborhour,andjobJ-1required400directlaborhours.IfjobJ-1resultedin4,000gooddresses,thecostofgoodssoldperunitisA、$9B、$1425展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isTheamountof$9.25failstoincludeoverhead.Answer(B)iscorrect.Costofgoodssoldisbasedonthemanufacturingcostsincurredinproduction.Itdoesnotincludesellingorgeneralandadministrativeexpenses.Manufacturingcostsconsistofdirectmaterials,$27,400;directlabor,$9,600;andoverhead,$20,000(400directlaborhours×$50perhour).Thetotalofthesethreecostelementsis$57,000.Dividingthe$57,000oftotalmanufacturingcostsbythe4,000unitsproducedresultsinaper-unitcostof$14.25.Answer(C)isTheamountof$14.95includesadministrativecosts.Answer(D)isincorrect.Theamountof$17.75includessellingandadministrative考 Unit5CostAccumulation正确 笔 编辑笔3（单选题）Job-ordercostsaremostusefulB、Estimatingtheoverheadcostsincludedintransferprices.C、Controllingindirectcostsoffutureproduction.D、Determiningthecostofaspecific展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isLIFOisequallyapplicabletoeitherjob-ordercostingorprocesscosting.Answer(B)isincorrect.Processcostingisequallyusefulfortheestimationofoverhead.Answer(C)isincorrect.Controlofcostsdoesnotvarybetweenjob-orderandprocess-costingsystems.Answer(D)iscorrect.Job-ordercostsareusedindeterminingthecostsofaspecific,clearlyidentifiablejoborproject.Incontrast,processcostingaveragesthecostsofallproduction.考 Unit5CostAccumulation正确 笔 编辑笔44（单选题）Ametalfabricatingcompanyusesajob-ordercostsystem.Thecompanyexpectstohavesmallresidualpiecesmetalcuttingsandshavingsfromallofitsjobs.Althoughthemetalpiecesandshavingscannotbereused,theycanbesoldforscrap.Thescrapmetalissoldwhenatonofscraphasbeenaccumulated.Duringthecurrentmonth,100,000poundsofaluminumwasrequisitionedat$1.50perpound.Aluminumscraprecoverytotaled800pounds.Thisamountofscrapiswithinnormalallowancesforthecompany’soperations.Themarketpriceforscrapaluminumfluctuatesgreatlyandhasrangedfrom$25to$.40perpoundduringthelast12months.Theaccumulatedscrapaluminumwassoldlastmonthfor$.35perpound.Theappropriateaccountingtreatmentforthescrapaluminumrecoveredduringthecurrentmonthisto tyvariancefor$1,200(800lbs.at$150/lb.)andcreditwork-in-processinventorycontrol$1,200,withpostingstoeachjobfromwhichthescrapmetalwasB、Debitscrapinventoryfor$280(800lbsat$35/lbandcreditfactoryoverheadcontrolforC、Formaterialityreasons,noentryismadeuntilthescrapmetalissold.Atthattime,debitcashandcreditfactoryoverheadcontrolforthe tysoldatthecurrentmarketprice.D、Debitdirectmaterials tyvariancefor$1,200(800lbs.at$150/lb.)andcreditfactoryoverheadcontrolfor$1,200atthetimeofrecovery,andwhenthescrapissold,debitcashandcreditdirectmaterials tyvarianceforthe tysoldatthecurrentmarketprice.展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)is tyvarianceisnotrecordedforscrapthatisanticipated.Furthermore,work-in-processinventoryiscreditedonlywhenscrapisuniquetoajob.Answer(B)isAnaccountingentryisnotneeded.Theamountisnotmaterial.Answer(C)iscorrect.Makingamemorandumentryatthetimeofrecoveryisappropriate.Thevalueofthescrapisthenrecognizedatthetimeofsale.Thefactoryoverheadcontrolaccountiscreditedbecausescrapisinevitabletothecompany’sproductionoperationsandnotattributabletoaspecificjob.Thisaccountingmethodhastheeffectofspreadingtherevenuefromscrapsalesoveralljobsorproducts.Answer(D)isNormalscrapisnotthebasisforrecordinga考 Unit5CostAccumulation正确 笔 编辑笔5（单选题）Acompanyusesajob-ordercostsysteminaccountingforitsmanufacturingoperations.Becauseitsprocessesarelabororiented,itappliesmanufacturingoverheadonthebasisofdirectlaborhours(DLH).Normalspoilageisdefinedas4%theunitspassinginspection.Thecompanyincludesaprovisionfornormalspoilagecostinitsbudgetedmanufacturingoverheadandmanufacturingoverheadrate.Dataregardingajobconsistingof30,000unitsarepresentedbelow:VolumeGoodunitspassingVolumeUnitsfailinginspection Totalunitsin Cost PerUnitTotalDirect $18.00$Directlabor(2DLH@ 32.00Manufacturingoverhead(2DLH@$30.00/DLH)60.001,800,000 The1,500unitsthatfailedinspectionrequired.25directlaborhoursperunittoreworktheunitsintogoodunits.Whatistheproperchargetothelossfromabnormalspoilageaccount?A、D、展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isTheamountof$1,440(360units×$4.00)ignoresthemanufacturingoverhead.Answer(B)iscorrect.Normalspoilageequals1,140units(28,500goodunits×4%),soabnormalspoilageequals360units(1,500totalspoiledunits–1,140unitsofnormalspoilage).Given.25DLHisneededtoreworkaspoiledunit,thelossfromabnormalspoilageis{360units×[($16×.25)directlabor+($30×.25)manufacturingoverhead]}.Answer(C)isincorrect.Theamountof$3,450[300units×($4.00+$7.50)]usesthewrongamountforAnswer(D)isAlossshouldbechargedforabnormalspoilage.Totalspoilageexceededthe4%normal考 Unit5CostAccumulation正确 笔 编辑笔6（单选题）KeplerOpticsmakeslensesforescopes.BecauseKeplerwillonlyselllensesofthehighestquality,thenormalspoilageduringareportingperiodis1,000units.Atthebeginningofthecurrentreportingperiod,Keplerhad2,200unitsininventory,andduringtheperiod,productionwasstartedandcompletedon4,000units.Unitsininventoryattheendofthecurrentreportingperiodwere1,500,andtheunitstransferredoutwere3,000.Duringthisperiod,theabnormalspoilageforKepler’slensproductionwasA、700units.B、1,000units.D、3,200展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isKepler’sabnormalspoilagefortheperiodcanbecalculatedasBeginning Add:startedandLess:transferredLess:endingTotalspoilageforLess:normalAbnormalspoilageforAnswer(B)isThenormalspoilagefortheperiodis1,000units.Answer(C)isincorrect.Thetotalspoilagefortheperiodis1,700units.Answer(D)isincorrect.Failingtosubtracttheendinginventorytoarriveattotalspoilageresultsin3,200考Unit5CostAccumulation考正确 笔 编辑笔77（单选题）Amanufacturingfirmmayexperiencebothnormalandabnormalspoilageinitsoperations.Thecostsofbothnormalandabnormalspoilageareaccountedforintheaccountingrecords.ThecostsassociatedwithanyabnormalspoilageareA、AssignedtothegoodunitstransferredtofinishedB、Allocatedbetweentheunitstransferredtofinishedgoodsandthoseremaininginwork-in-process.C、Chargedtothemanufacturingoverheadcontrolaccount.D、Chargedtoaspecialabnormalspoilageloss展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isAssigningspoilagecoststofinishedgoodsisanappropriatemethodofaccountingfornormalspoilagetraceabletoajoborprocess.Answer(B)isAllocatingspoilagecostsbetweenfinishedgoodsandwork-in-processisanappropriatemethodofaccountingfornormalspoilagetraceabletoajoborprocess,providedtheunitsinprocesshavepassedtheinspectionpoint.Answer(C)isChargingspoilagecoststomanufacturingoverheadisanappropriatemethodofaccountingfornormalspoilage,assumingtheallowancefornormalspoilageisincorporatedintothepredeterminedoverheadrate.Answer(D)isAbnormalspoilageshouldbewritten-offtoaspecialaccountthatisseparayreportedin estatement.Costsassociatedwithabnormalspoilagearenotinventoriedandarethereforetreatedasalossintheperiodofdetection.考 Unit5CostAccumulation正确 笔 编辑笔88（单选题）WhatisthejournalentrytorecordthepurchaseofmaterialsonA、Rawmaterialsinventory Accountspayable B、Accounts Rawmaterials C、Accountsreceivable Accountspayable D、Rawmaterialsinventory 展开答疑我要纠 取消收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isThecorrectentrytorecordapurchaseofmaterialsonaccountistoincreasetheappropriateassetandliabilityaccounts.Materialsarechargedtoaninventory;thecorrespondingliabilityisaccountspayable.Theassetaccount(s)couldbestorescontroland/orsoranumberofotheraccounts.Also,subsidiaryledgersmaybeusedtoaccountforvariousindividualitems(aperpetualinventorysystem).Thetermcontrolimpliesthatasubsidiaryledgerisbeingused.Answer(B)isTheentrytorecordthereturnofmaterialstorsdebitsaccountspayableandcreditsrawmaterialsinventory.Answer(C)isThisentryreclassifiescreditbalancesinaccountsreceivableasliabilitiesordebitbalancesinaccountspayableasassets.Answer(D)isThisentrywouldrecordthepurchaseofmaterialsfor考 Unit5CostAccumulation正确 笔 编辑笔9（）DardenManufacturing,acalendar-yearcorporation,had$17,000ofspoilageduringAprilthatproductionmanagementcharacterizedasabnormal.ThespoilagewasincurredonJobNo.532,whichwassold3monthslater$459,000.WhichofthefollowingcorrectlydescribestheimpactofthespoilageonDarden’sunitmanufacturingcostforJobNo.532andontheyear’soperating A、 NoB、 C、No D、Noeffect Notenoughinformationtojudge展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isUnderjob-ordercosting,thedifferencebetweenthedisposalvalueofthespoiledgoodsandthevalueofthegoodsinwork-in-processcontrolmustberecognizedasaloss.Answer(B)isUnderjob-ordercosting,unitmanufacturingcostisunaffectedbyabnormalspoilage.Answer(C)iscorrect.Underjob-ordercosting,unitmanufacturingcostisunaffectedbyabnormalspoilage.Also,thedifferencebetweenthedisposalvalueofthespoiledgoodsandthevalueofthegoodsinwork-in-processcontrolmustberecognizedasaloss,whichwilldecreaseoperatingAnswer(D)isUnderjob-ordercosting,thedifferencebetweenthedisposalvalueofthespoiledgoodsandthevalueofthegoodsinwork-in-processcontrolmustberecognizedasaloss.考 Unit5CostAccumulation正确 笔 编辑笔10（单选题）Aspecialtyinstrumentmanufacturerisintheprocessofestablishingacostsystem.Thecompanyproducesmachinesthatareuniqueanddistinctive.Thesemachinesareproducedwhenpurchaserequestsarereceivedfromcustomers.Althoughsomecommonpartsandsub-assembliesaretobeheldininventory,nofinishedgoodsinventoryismaintainedsinceeachpurchaserequestisforacustomizedspecialtyinstrument.ThetypeofcostaccumulationsystemthatwouldbebestsuitedforthistypeofenvironmentwouldbeA、Backflushcosting.C、Job-ordercosting.D、Processcosting.展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isBackflushcostingisoftenusedbyfirmsthathaveadoptedajust-in-time(JIT)inventorymethodbecauseitsimplifiescosting.Backflushcostingdelaysrecordingofsomecostinformation,work-in-processisusuallyeliminated,andjournalentriestoinventoryaccountsmaybedelayed.Standardcostsareusedtoassigncoststounitswhenjournalentriesaremade,thatis,toflushcostsbackwardtothepointsatwhichinventoriesremain.Thisisnotthebest-suitedcostaccumulationsystemforthisenvironment.Answer(B)isincorrect. ysisofbatch-levelactivitiesisperformedwhenestablishinganactivity-basedcostingsystem.However,thisisnotavalidtypeofcostaccumulationsystem.Answer(C)isJob-ordercostingisconcernedwithaccumulatingcostsbyspecificjob.Thismethodisappropriatewhenproducingproductswithindividualcharacteristicsorwhenidentifiable sarepossible.Units(jobs)shouldbedissimilarenoughtowarrantthespecial requiredbyjob-ordercosting.Productsareusuallycustom-madeforaspecificcustomer.Answer(D)isProcesscostingisusedwhensimilarproductsaremassproducedonacontinuousbasis.Thisisnotthebest-suitedcostaccumulationsystemforthisenvironment.考 Unit5CostAccumulation正确 笔 编辑笔11（单选题）Duringtheproductionofitssingleproduct,acompanydiscoversthatanunusualovernightpowerfailureruinedanentireday’sin-processproduction.Howshouldthecostofthesespoiledunitsbecharged?A、Addedtothecostoffuturegoodunitsproduced.B、Writtenoffasaloss.C、Addedtothecostofthenextday’sproduction.D、Addedtogeneralfactoryoverhead.展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isAbnormalspoilageisnotinherentinaproductionprocessandshouldnotbeaddedtothecostoffuturegoodunitsproduced.Answer(B)isAbnormalspoilageisnotexpectedtooccurundernormal,efficientoperatingconditions.Thecostofabnormalspoilageshouldbeseparayidentifiedandreportedtomanagement.Abnormalspoilageistypicallytreatedasaperiodcostandwrittenoffasalossbecauseofitsunusualnature.Answer(C)isAbnormalspoilageisnotinherentinaproductionprocessandshouldnotbeaddedtothecostofthenextday’sproduction.Answer(D)isAbnormalspoilageisnotinherentinaproductionprocessandshouldnotbeaddedtogeneralfactoryoverhead.考 Unit5CostAccumulation正确 笔 编辑笔（单选题Companymanufacturesasingleproduct.Duringthemanufacturingprocess,asmallnumberofunitsdopassfinalinspectionandaredestroyed.Whatistheappropriateaccountingtreatmentforthecostoftheseunits?ThecostshouldbeA、Addedtothecostofgoodunitsproduced.B、Ignoredasimmaterial.C、ExpensedasD、Addedtothecostof展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isOutputthatdoesnotmeetthequalityforsalabilityisconsideredspoilage.Thenumbersthatdonotpassfinalinspectionbutthatareconsideredacceptableasapartofefficientproductionareconsiderednormalspoilage.Theaccountingtreatmentistoincludenormalspoilageasaproductcost.Answer(B)isThisisnotaproperaccountingtreatmentforspoilage.Itmustbeaddedasaproductcost.Answer(C)isincorrect.Abnormalspoilage,notnormalspoilage,istreatedasaperiodcostandexpensedasincurred.However,thefactsdonotindicatethatthespoilageisabovetheamountexpectedintheordinarycourseofproduction.Answer(D)isThisisnotaproperaccountingtreatmentforspoilage.Itmustbeaddedasaproduct考 Unit5CostAccumulation正确 笔 编辑笔13（单选题）RainbowCompanyusesajobordercostsystemandappliesoverheadusingaplant-widerateof$5.75perdirectlaborhour.Rainbowisconsideringchangingtotwodepartmentaloverheadrateswithannualinformationshownbelow. Allocationbase MachinehoursDirectlaborhoursDepartmentaloverhead Machinehours Directlaborhours Rainbowtesteditsnewsystembycomparingtheplant-wideanddepartmentaloverheadassignedtotwodifferentjobs.Thefirstjob’sallocatedoverheadusingtheplant-wideratetotaled$23,000andwas$23,750usingthetwodepartmentalrates.Thesecondjobtook5,000machinehoursintheMachiningDepartmentandatotalof3,000laborhours,1,700ofwhichwereusedintheAssemblyDepartment.RainbowshouldA、Changetotwodepartmentaloverheadratesbecauseofthesignificantmorethan10%)differencebetweenmethodsforthesecondjob.B、Changetotwodepartmentaloverheadratesregardlessofthedifferencesbetweenmethodsforbettercause-and-effectC、Continuetousetheplant-wideratebecauseoftheinsignificant(lessthan10%)differencebetweenmethodsforthefirstD、Searchforcostdriversthatwouldpresentmoreconsistentresultswhenthetwomethodsare展开答疑我要纠错 收藏试题|收起解析正确答案是：A您的答案是： 解 Answer(A)isForthesecondjob,allocatedoverheadusingthetwodepartmentalratesis{[($850,000÷$250,000)×5,000]Machining+[($300,000÷$125,000)×Assembly}.Undertheplant-widerate,theappliedoverheadis$17,250($5.75×3,000).Thedifferenceof22.2%[($21,080–$17,250)÷$17,250]issignificant,sothetwodepartmentaloverheadratesshouldbeused.Answer(B)isIfthedifferencesbetweenmethodsarenotregarded,thereisnoreasontousethetwodepartmentalratesinsteadofusingtheplant-wideratebecauseitwouldbemorecostlytomaintainsuchrecords.Answer(C)isThedifferencebetweenmethodsforthesecondjobissignificant.Answer(D)isincorrect.Costdriversforthedepartmentalratesthatwouldpresentmoreconsistentresultscomparedtousingtheplant-wideratewouldnotapplyoverheadcostsmoreaccuray.Theplant-widerateisageneralestimateinallocatingcostsbutdoesnotrepresentaccurateusageofthoseoverheadcosts.Findingcostdriversthatpresentresultsconsistentwiththeplant-wideisirrelevanttoimprovingtheallocationofcosts.考 Unit5CostAccumulation正确 笔 编辑笔14（单选题）FactPattern:A.P.HillCorporationusesaprocess-costingsystemProductsaremanufacturedinaseriesofthreedepartments.ThefollowingdatarelatetoDepartmentTwoforthemonthofFebruary:Thebeginningwork-in-processwasvaluedat$66,000,consistingof$20,000oftransferred-incosts,$30,000ofmaterialscosts,and$16,000ofconversioncosts.Materialsareaddedatthebeginningoftheprocess;conversioncostsareaddedevenlythroughouttheprocess.CostsaddedtoproductionduringFebruarywereTransferred- Beginningwork-in-(70%10,000Beginningwork-in-(70%10,000Goodsstartedin80,000Endingwork-in-(60%5,000MaterialsAllpreliminaryandfinalcalculationsareroundedtotwodecimalUndertheweighted-averagemethod,howmuchconversioncostdidAP.HilltransferoutofDepartmentTwoduringA、B、展开答疑我要纠 收藏试题|收起解正确答案是：B您的答案是解 Answer(A)isTheamountof$69,259resultsfromusingtheequivalentunitscalculatedunderFIFO(81,000)indeterminingtheunitconversioncostundertheweighted-averagemethod.Answer(B)iscorrect.Forconversioncosts,theequivalent-unitcalculationundertheweighted-averagemethodisasfollows:BeginningWIP 10,000units×100%=10,000Startedandcompleted 75,000units×100%=75,000EndingWIP 5,000units×60%=3,000Weighted-averageEUPfor Theamounttransferredoutwillincludeconversioncostsincurredduringthecurrentperiodplusanyamountinbeginninginventory.Theconversioncostsconsistedof$16,000inbeginninginventoryand$50,000incurredduringthemonth,foratotalof$66,000.Unitconversioncostistherefore$.75($66,000÷88,000EU).Thus,thetotalconversioncosttransferredwas$63,750[(10,000unitsinBWIP+80,000unitsstarted–5,000unitsinEWIP)×$.75].Answer(C)isTheamountof$66,000equalsthetotalconversioncoststobeaccountedfor.Answer(D)isincorrect.Theamountof$64,148istheconversioncosttransferredoutunderaFIFO考 Unit5CostAccumulation正确 笔 编辑笔15（单选题）Undertheweighted-averagemethodwhatisthetotalofequivalentunitsforA.PHill’stransferred-incostsfortheA、75,000units.B、80,000units.C、81,000D、90,000展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isThisnumberofunitsistheamountstartedandcompletedduringthemonth;itignorestheimpactofinventories.Answer(B)isThisnumberofunitsisbasedontheFIFOmethod.Answer(C)isincorrect.ThisnumberofunitsisbasedontheequivalentunitsforconversioncostscalculatedundertheFIFOmethod.Answer(D)isTheequivalentunitsfortransferred-incostsarecalculatedinthesamewayasthoseformaterialsaddedatthebeginningoftheprocess.Theequivalent-unitcalculationundertheweighted-averagemethodisBeginningWIP 10,000units×100%=10,000Startedandcompleted 75,000units×100%=75,000EndingWIP 5,000units×100%=5,000Weighted-averageEUPfortransferred-in 考 Unit5CostAccumulation正确 笔 编辑笔（单选题）AssumingthecompanyusestheFIFOmethodofinventoryvaluationconversioncostsincludedinA.P.Hill’sentoryA、B、展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isForconversioncosts,theequivalent-unitcalculationundertheFIFOmethodisasBeginningWIP 10,000units×30%=3,000Startedandcompleted 75,000units×100%=75,000EndingWIP 5,000units×60%=3,000FIFOEUPfor The$50,000incurredduringthemonthisdividedby81,000equivalentunitstoarriveataunitcostforthecurrentperiodof$.62.Moreover,endingwork-in-processconsistsof3,000equivalentunitsofconversioncost(5,000physicalunits×60%).Accordingly,theconversioncostintheendingwork-in-processinventoryconsistsof$1,860(3,000EU×$.62)ofcurrent-periodcost.Theconversioncostincurredinthepriorperiodandattachedtothebeginningwork-in-processinventoryisdeemedtohavebeentransferredout.Answer(B)isTheamountof$2,250isbasedontheweighted-averagemethod.Answer(C)isincorrect.Theamountof$3,100isbasedontheequivalentunitsformaterials.Answer(D)isincorrect.Theamountof$5,500istheamountofmaterialscostintheendingwork-in-process考 Unit5CostAccumulation正确 笔 编辑笔（题）umethatthecompanyusesthefirst-in,first-out(FIFO)methodofinventoryvaluation.UnderFIFO,howmaterialscostdidA.P.HilltransferoutofDepartmentTwoduringD、展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isTheamountof$88,000istheamountofmaterialscostsincurredduringthemonth.Answer(B)isincorrect.Theamountof$111,350isbasedontheweighted-averagemethod.Answer(C)iscorrect.Formaterials,theequivalent-unitcalculationundertheFIFOmethodBeginning 10,000units 0% Startedandcompleted75,000units×100%=EndingWIP 5,000units×100%=5,000FIFOEUPformaterials Theamounttransferredoutwillincludeconversioncostsincurredduringthecurrentperiodplusanyamountinbeginninginventory.Thematerialscostincludes$30,000inbeginninginventory,allofwhichwouldhavebeentransferredout.The$88,000incurredduringthemonthisdividedbythe80,000equivalentunitstoarriveataunitcostforthecurrentperiodof$1.10.Thus,giventhat75,000equivalentunits(85,000physicalunitstransferredout–10,000EUinBWIPcompletedinthepriorperiod)ofcurrent-periodproductionwerecompletedandtransferred,totalmaterialscosttransferredoutequals$112,500[$30,000BWIP+(75,000FIFOEU×Answer(D)isTheamountof$114,615isbasedontheequivalentunitsforconversion考 Unit5CostAccumulation正确正确笔 编辑笔1818（单选题）AssumingthecompanyusestheFIFOmethodofinventoryvaluation,whatamountofmaterialscostisincludedinAP.Hill’sendingwork-in-processinventory?A、B、正确答案是：C您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)is解Theamountof$1,860istheamountofconversioncosts.Answer(B)isincorrect.Theamountof$3,300assumesthatmaterialsareaddedproportionaythroughouttheAnswer(C)isFormaterials,theequivalent-unitcalculationundertheFIFOmethodisBeginningWIP 10,000units× 0%= Startedandcompleted75,000units×100%=EndingWIP 5,000units×100%=5,000FIFOEUPformaterials Thematerialscostincludes$30,000inbeginninginventory,allofwhichwouldhavebeentransferredout.The$88,000incurredduringthemonthisdividedbythe80,000equivalentunitstoarriveataunitcostforthecurrentperiodof$110.Becausethe5,000unitsinendingwork-in-processinventoryare100%completeastomaterials,itsmaterialscostconsistsof$5,500(5,000EU×$1.10)ofcurrent-periodcosts.Materialscostsincurredinthepriorperiodandattachedtothebeginningwork-in-processinventoryaredeemedtohavebeentransferredout.Answer(D)isTheamountof$6,450isbasedontheunitcostundertheweighted-average考 Unit5CostAccumulation正确 笔 编辑笔1919（单选题）Inaprocess-costingsystemthecostofabnormalspoilageshouldA、Proratedbetweenunitstransferredoutandendinginventory.B、Includedinthecostofunitstransferredout.C、Treatedasalossintheperiodincurred.展开答疑我要纠 收藏试题|收起解正确答案是：C您的答案是解 Answer(A)isAbnormalspoilagecostsarenotconsideredacomponentofthecostofgoodunitsAnswer(B)isThecostofgoodunitsproduceddoesnotincludeabnormalspoilagecosts.Answer(C)iscorrect.Abnormalspoilageisspoilagethatisnotexpectedtooccurundernormal,efficientoperatingconditions.Becauseofitsunusualnature,abnormalspoilageistypicallytreatedasalossintheperiodinwhichitisincurred.Answer(D)isAbnormalspoilagecostsmustbetakenoutofthemanufacturing考 Unit5CostAccumulation正确正确笔 编辑笔20（单选题）FactLevittownCompanyemploysaprocesscostsystemforitsmanufacturingoperations.All

materialsarematerialsarebeginningoftheprocessandconversioncostsareaddedproportionay.Levittown’sproduction tyscheduleforNovemberisreproducedinthenextcolumn.Work-in-processNovember(60%completeastoconversioncosts)UnitsstartedduringNovemberTotalunitstoaccountforUnitscompletedandtransferredoutfrombeginninginventoryUnitsstartedandcompletedduringNovemberWork-in-processonNovember30(20%completeastoconversioncosts)TotalunitsaccountedforUsingtheFFOmethod,Levittown’sequivalentunitsfordirectmaterialsforNovemberA、5,000units.B、6,000units.C、4,400units.D、3,800units.展开答疑我要纠 收藏试题|收起解正确答案是：A您的答案是解 Answer(A)isThecomputationofequivalentunitsforaperiodusingtheFIFOmethodofprocesscostingincludesonlytheconversioncostsandmaterialaddedtotheproductinthatperiodandexcludesanyworkdoneinpreviousperiods.Accordingly,FIFOequivalentunitsincludeworkandmaterialtocompleteBWIP,plusworkandmaterialtocompleteunitsstartedthisperiod,minusworkandmaterialneededtocompleteEWIP.Giventhatallmaterialsareaddedatthebeginningoftheprocess,onlythoseunitsstartedduringNovemberwouldhavereceivedmaterialsinthatmonth.Because5,000unitswerestarted,theequivalentunitsfordirectmaterialsequal5,000.Answer(B)isThetotalunitstoaccountforis6,000.Answer(C)isincorrect.ThenumberofunitscompletedandtransferredoutfromBIplusunitsstartedandcompletedinNovemberplus20%ofwork-in-processonNovember30equals4,400(1,000+3,000+Answer(D)isTheequivalentunitsfordirectmaterialsisnot3,800.OnlythoseunitsstartedduringNovemberwouldhavereceivedmaterialsinthatmonth.Therefore,equivalentunitsfordirectmaterialsequal5,000.考 Unit5CostAccumulation正确 笔 编辑笔21（单选题）UsingtheFIFOmethodLevittown’sequivalentunitsforconversioncostsforNovemberA、3,400units.B、3,800units.C、4,000units.D、4,400units.正确答案是：B您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)is解TheunitsstartedandcompletedduringNovemberplusthe20%ofwork-in-processcompleteastoconversioncostsequals3,400units(3,000+400).Answer(B)isGiventhatBWIP(1,000units)wasalready60%complete,400equivalentunitswereneededforcompletion.Inaddition,3,000unitswerestartedandcompletedduringtheperiod.The2,000unitsinEWIPequal400equivalentunitssincetheyare20%complete.Totalequivalentunitsare3,800(400+3,000+400