文稿优才英文p1unit

课题课题社名师资讯退英文P1 题库练课英文P1SectionUnit4CostManagementConcepts识点 （单选题）Whichofthefollowingistrueregardingthecomparisonofmanagerialandfinancial查看报告A、ManagerialaccountingisgenerallymoreB、ManagerialaccountinghasapastfocusandfinancialaccountinghasafutureC、Theemphasisonmanagerialaccountingisrelevanceandtheemphasisonfinancialaccountingis(查看解析只看错题展开答疑我要纠 收藏试题|收起解正确答案是：D您的答案是解 Answer(A)isManagerialaccountingmaybenomoreprecisethanfinancialaccounting.Forexample,itreliesonallocationsofcertainproductcosts(e.g.,overhead)thatarebasedonassumptionsratherthanoncause-and-effectrelationships.Answer(B)isOnlymanagerialaccountingisforward-looking.Financialaccountingessentiallyrecordswhathasalreadyoccurred.Answer(C)isChoicesoffinancialaccountinginformationtobereportedmustbalancerelevance(includingtimeliness)andreliability.Externalpartieswillnotfindfinancialaccountinginformationusefulifitistimelybutunreliable.Answer(D)isManagerialaccountingassistsmanagementdecisionmaking,nning,andcontrol.Financialaccountingaddressesaccountingforanentity’sassets,liabilities,revenues,expenses,andotherelementsoffinancialstatements.Financialstatementsaretheprimarymethodofcommunicatingtoexternalpartiesinformationabouttheentity’sresultsofoperations,financialposition,andcashflows.Forgeneral-purposefinancialstatementstobeusefultoexternalparties,theymustbepreparedinconformitywithaccountingprinciplesthataregenerallyacceptedintheUnitedStates.However,managerialaccountinginformationisprimarilydirectedtospecificinternalusers.Hence,itordinarilyneednotfollowsuchguidance.考 Unit4CostManagement正确 笔 编辑笔2（单选题）ThefinancialstatementsincludedintheannualreporttotheshareholdersareleastusefultowhichoneoftheA、B、Bankerspreparingtolendmoney.C、Competingbusinesses.D、Managersinchargeofoperating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)isBrokersandotherfinancialprofessionalscanfindinformationinfinancialstatementsthatisusefulinassessingafirm’scurrentandpotentialprofitability.Answer(B)isPotentialcreditorscanfindinformationinfinancialstatementsthatisusefulinassessingafirm’sabilitytorepayAnswer(C)isCompetingbusinessescancompareafirm’sperformancewithitsown.Answer(D)iscorrect.Accrual-basisamountsusedinfinancialreportingarenotusefultomanagersmakingday-to-dayoperatingdecisions.Thepracticeofmanagementaccountingfulfillstheneedsoftheseusers.考 Unit4CostManagement正确 笔 编辑笔3（单选题）Carefulreadingofanannualreportwillrevealthatoff-balance-sheetdebtA、Amountsdueinfutureyearsunderoperatingleases.B、Transfersofaccountsreceivablewithoutrecourse.C、Currentportionoflong-termdebt.D、Amountsdueinfutureyearsundercapital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)isOff-balance-sheetdebtincludesanytypeofliabilityforwhichtheisresponsiblebutthatdoesnotappearonthebalancesheet.Themostcommonexampleistheamountdueinfutureyearsonoperatingleases.UnderU.S.GAAP,operatingleasesarenotcapitalized;instead,onlytheperiodicpaymentsofrentarereportedwhenactuallypaid.Capitalleases(thosesimilartoapurchase)mustbecapitalizedandreportedasliabilities.Answer(B)isincorrect.Transfersofaccountsreceivablewithoutrecoursedonotcreatealiabilityfor.ThistransactionissimplyatransferofreceivablesforAnswer(C)isThecurrentportionoflong-termdebtisshownonthebalancesheetasacurrentAnswer(D)isAmountsdueinfutureyearsundercapitalleasesarerequiredtoberecognizedU.S.考 Unit4CostManagement正确 笔 编辑笔4（单选题）ThefollowinginformationpertainstoMaynardCorporation’s estatementforthe12monthsjustended.Thehasaneffective etaxrateof40%.Dis Extraordinarylossduetoearthquake efromcontinuingoperations(netof Cumulativeeffectofchangeinaccountingprinciple60,000Maynard’snet efortheyearisA、B、$12,000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Theamountof$36,000isthecumulativeeffect(netoftax)ofachangeinaccountingprinciple,anitemthatisnotincludedinthecalculationofnet Answer(B)isTheamountof$12,000resultsfromincludingthecumulativeeffectofachangeinaccountingprinciple.Answer(C)isTheamountof$8,000resultsfromusingthetaxrateratherthan1minusthetaxratetocalculatethenet-of-taxamountsfordis operationsandtheextraordinaryloss.Answer(D)iscorrect.Maynard’s efortheyeariscalculatedas efromcontinuingoperations(netof$(1.0——elossduetoearthquake考 Unit4CostManagement正确 笔 编辑笔5（单选题）Crawford isresearchingafuturechangetoFRS.WhichoneofthefollowingitemsreportedonCrawford’sestatementunderU.S.GAAPisrequiredtobechangedasaresultofadoptingIFRS?A、CrawfordvaluesitsmerchandiseinventoryusingaverageB、Crawfordusesamultiple-stepapproachfor eC、Crawforduseshistoricalcosttovalueitsland,buildingsandintangibleassetseventhoughthevalueofthelandandbuildingaregreaterthanbookvalue.D、Crawford’scurrent- estatementincludesanextraordinary正确答案是：D您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)is解Weighted-averageinventorycostingisacceptableunderbothU.S.GAAPandIFRS.Answer(B)isincorrect.Themultiple-stepapproachisacceptableunderbothU.S.GAAPandIFRS.Answer(C)isincorrect.UnderU.S.GAAP,onlythecostmodel,wherealong-livedassetiscarriedathistoricalcostminusaccumulateddepreciationandimpairmentlosses,ispermitted.UnderIFRS,boththecostmodelandrevaluationmodelareacceptable.SinceCrawfordiscurrentlyusingthecostmodel,itmaycontinuetouseitorswitchtotherevaluationmodel.Theswitchisnotrequired,though.Answer(D)isUnderU.S.GAAP,materialtransactionsthatarebothunusualinnatureandinfrequentinoccurrenceintheenvironmentinwhichthe operatesareclassifiedasextraordinaryitems.Extraordinaryitemsarereportedindividuallyinaseparatesectionin estatement,netoftax.UnderIFRS,noitemisclassifiedasextraordinary,andthereforeitwouldberecordedinthenormalpartofthe estatement.考 Unit4CostManagement正确 笔 编辑笔 （单选题）Thestatementofshareholders’equityshowsA、Reconciliationofthebeginningandendingbalancesinshareholders’equityaccounts.B、Listingofallshareholders’equityaccountsandtheircorrespondingdollaramounts.C、Computationofthenumberofsharesoutstandingusedforearningspersharecalculations.D、Reconciliationofnet etonetoperatingcashflow.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)isThestatementofshareholders’equity(changesinequity)presentsareconciliationincolumnarformatofthebeginningandendingbalancesinthevariousshareholders’equityaccounts.Astatementofchangesinequitymayinclude,forexample,columnsfor(1)totals,(2)comprehensive e,(3)retainedearnings,(4)accumulatedOCI(butthecomponentsofOCIarepresentedinanotherstatement),(5)commonstock,and(6)additionalpaid-incapital.Answer(B)isAlistingofallshareholders’equityaccountswouldprovidelittleusefulinformation.Answer(C)isincorrect.ThecomputationofthenumberofsharesoutstandingusedforEPScalculationsisdisclosedinthe estatement.Answer(D)isThereconciliationofnet etonetoperatingcashflowispresentedinthestatementofcashflows.考 Unit4CostManagement正确 笔 编辑笔7（单选题）Whichoneofthefollowingstatementsiscorrectregardingtheeffectpreferredstockhason A、Thefirm’safter-taxprofitsaresharedequallybycommonandpreferredB、ControlofthefirmisnowsharedbythecommonandpreferredshareholderswithpreferredshareholdershavinggreaterC、Preferredshareholders’claimstakeprecedenceovertheclaimsofcommonshareholdersintheeventofliquidation.D、Nonpaymentofpreferreddividends cesthefirmindefault,asdoesnonpaymentofinterestondebt.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)isTheshareofprofitsavailabletopreferredstockholdersisnormallylimitedtoapercentageofthestock’sparvalue.Thus,theymaygetmoreorlessthanthecommonAnswer(B)isPreferredstockholdersordinarilydonothavevotingrights.Answer(C)iscorrect.Preferredstockholdershavepreferenceovercommonstockholderswithrespecttodividendandliquidationrights,butpaymentofpreferreddividends,unlkebondinterestisnotmandatory.Inexchangeforthesepreferences,thepreferredstockholdersgiveuptherighttovote.Consequently,preferredstockisahybridofdebtandequity.Answer(D)isThepassingofpreferreddividendsdoesnotputthecorporationintodefault.Forthisreason,preferredstockissometimesviewedmorefavorablythandebtbycorporatemanagement.Ifthepreferredstockiscumulative(whichmostis),thecorporationmaynotpaydividendstocommonshareholdersuntilthearrearagestopreferredstockholdershavebeenpaid.考 Unit4CostManagement正确 笔 编辑笔8（单选题）GrandCorporationhas10,000,000sharesof$10par-valuestockauthorizedofwhich2,000,000sharesareissuedandoutstanding.TheBoardofDirectorsofGranddeclareda2-for-1stocksplitonNovember30tobeissuedonDecember30.Thestockwassellingfor$30pershareonthedateofdeclarationInadditiontheBoardhasamendedthearticlesofincorporationtoallowforaproportionalincreaseinthenumberofauthorizedshares.Thepar-valueinformationappearingintheshareholder’sequitysectionofGrand’sstatementoffinancialpositionatDecember31willbeBB、D、展开答疑我要纠 收藏试题|收起解正确答案是：A解Answer(A)isAsaresultofthe2-for-1stocksplit,theparvalueofGrand’ssharesishalvedto$5.Answer(B)isincorrect.Theamountof$10istheparvaluebeforethesplit.Answer(C)isincorrect.Theamountof$15resultsfromimproperlyapplyingtheeffectofthesplittothemarketpriceofthestock.Answer(D)isTheamountof$30isthemarketpriceoftheUnit4CostManagement正确 笔9（单选题）Astatementofcashflowsisintendedtohelpusersoffinancial考A、Evaluateafirm’sliquiditysolvencyandfinancialflexibility.B、Evaluateafirm’seconomicresourcesandobligations.C、Determineafirm’scomponents efromD、Determinewhetherinsidershavesoldorpurchasedthefirm’s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)isTheprimarypurposeofastatementofcashflowsistoprovideinformationaboutthecashreceiptsandpaymentsofanentityduringaperiod.Ifusedwithinformationintheotherfinancialstatements,thestatementofcashflowsshouldhelpuserstoassesstheentity’sabilitytogeneratepositivefuturenetcashflows(liquidity),itsabilitytomeetobligations(solvency)andpaydividends,theneedforexternalfinancing,thereasonsfordifferences eandcashreceiptsandpayments,andthecashandnoncashaspectsoftheinvestingandfinancingactivities.Answer(B)isThestatementofcashflowsdealswithonlyoneresource:cash.Answer(C)isincorrect. estatementshowsthecomponentsof efromoperations.Answer(D)isincorrect.Theidentityofstockbuyersandsellersisnot考 Unit4CostManagement正确 笔 编辑笔10（单选题）WithrespecttothecontentandformofthestatementofcashflowsA、PronouncementscoveringthecashflowstatementencouragetheuseoftheindirectB、IndirectmethodadjustsendingretainedearningstoreconcileittonetcashflowsfromC、Directmethodofreportingcashflowsfromoperatingactivitiesincludesdisclosingthemajorclassesofgrosscashreceiptsandgrosscashpayments.D、Reconciliationofthe etonetoperatingcashflowneednotbepresentedwhenusingthedirect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)isTheFASBencouragesuseofthedirectmethod.Answer(B)isincorrect.Theindirectmethodreconciles ewiththenetcashflowfromAnswer(C)isTheFASBencouragesuseofthedirectmethodofreportingmajorclassesofoperatingcashreceiptsandpayments,buttheindirectmethodmaybeused.Theminimumdisclosuresofoperatingcashflowsunderthedirectmethodarecashcollectedfromcustomers,interestanddividendsreceived,otheroperatingcashreceipts,cashpaidtoemployeesandotherrsofgoodsorservices,interestpaid, etaxespaid,andotheroperatingcashpayments.Answer(D)isThereconciliationisrequiredregardlessofthemethod考 Unit4CostManagement正确 笔 编辑笔11（单选题）WhichoneofthefollowingtransactionsshouldbeclassifiedasafinancingactivityinastatementofcashA、PurchaseofB、Purchaseoftreasurystock.C、Saleoftrademarks.D、Paymentofinterestonamortgage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)isThepurchaseofequipmentisaninvestingactivity.Answer(B)iscorrect.Financingactivitiesaredefinedtoincludetheissuanceofstock,thepaymentofdividends,thereceiptofdonor-restrictedresourcestobeusedforlong-termpurposes,treasurystocktransactions(purchasesorsales),theissuanceofdebt,therepaymentofamountsborrowed,obtainingandpayingforotherresourcesobtainedfromcreditorsonlong-termAnswer(C)isThesaleoftrademarks,likethesaleofanylong-livedasset,isaninvestingactivity.Answer(D)isincorrect.Thepaymentofinterestonamortgagenoteisanoperating考 Unit4CostManagement正确 笔 编辑笔12（单选题）Astatementofcashflowspreparedusingtheindirectmethodwouldhavecashactivitieslistedinwhichoneofthefollowingorders?A、Financinginvestingoperating.B、Investing,financing,operating.C、Operatingfinancing,investing.D、Operating,investing,financing.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)isOperatingactivitiesarereportedfirst,followedbyinvestingandfinancingactivities.Answer(B)isincorrect.Operatingactivitiesarereportedfirst.Answer(C)isincorrect.Investingactivitiesarereportedbeforefinancingactivities.Answer(D)iscorrect.Astatementofcashflowspreparedusingeitherthedirectortheindirectmethodliststhecategoriesofcashflowsinthefollowingorder:operating,investing,andfinancing.考 Unit4CostManagement正确 笔 编辑笔13（单选题）Kristina’scashflowfrominvestingactivitiesfortheyear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)isThisamount[$(1,500,000)]resultsfromomittingtheproceedsfromthesaleofavailable-for-salesecurities.Answer(B)isThisamount($1,220,000)resultsfromsubtractingthecashpaidfordividends.Answer(C)iscorrect.Cashflowsfrominvestingactivitiesfortheyearincludethe$2,800,000inflowfromthesaleofavailable-for-salesecuritiesandthe$1,500,000cashoutflowforthepurchaseofland($2,800,000−$1,500,000=$1,300,000netcashinflow).Answer(D)isThisamount($2,800,000)resultsfromomittingthecashpaidfortheacquisitionoflandfromthecalculation.考 Unit4CostManagement正确 笔 编辑笔1414（单选题）ItispropertorecognizerevenuepriortothesaleofmerchandisewhenTherevenuewillbereportedasaninstallmentsale.Therevenuewillbereportedunderthecost-recoveryB、IIC、BothIandII.D、NeitherInorII.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)isRevenuerecognitionpriortosaleisinappropriatewhentheinstallmentorcost-recoverymethodisused.Answer(B)isRevenuerecognitionpriortosaleisinappropriatewhentheinstallmentorcost-recoverymethodisused.Answer(C)isRevenuerecognitionpriortosaleisinappropriatewhentheinstallmentorcost-recoverymethodisused.Answer(D)isTheinstallmentmethodrecognizes eonasaleastherelatedreceivableiscollected.Underthecost-recoverymethod,profitisrecognizedonlyaftercollectionsexceedthecostoftheitemsold.考点Unit4CostManagement正确率笔 编辑笔15（单选题）ConversioncostsdonotA、C、Indirectlabor.D、Indirect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)isDepreciationisafactoryoverheadcostandthereforeisaconversionAnswer(B)isConversioncostsarenecessarytoconvertrawmaterialsintofinishedproducts.Theyincludeallmanufacturingcosts,forexample,directlaborandfactoryoverhead,otherthandirectmaterials.Answer(C)isIndirectlaborisafactoryoverheadcostandthereforeisaconversioncost.Answer(D)isincorrect.Indirectmaterialsarefactoryoverheadcostsandthereforeareconversion考 Unit4CostManagement正确 笔 编辑笔16（单选题）ConversioncostA、cesminimalemphasisonthecostofmaterialsusedinmanufacturingaB、Couldbeusedwhenthecustomerfurnishesthematerialusedinmanufacturingaproduct.C、cesheavyemphasisonindirectcostsanddisregardsconsiderationofdirectcosts.D、cesheavyemphasisondirectcostsanddisregardsconsiderationofindirectcosts.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)isConversioncostpricingdoesnotceanyemphasisonrawmaterialscost.Answer(B)iscorrect.Conversioncostsconsistofdirectlaborandfactoryoverhead,thecostsofconvertingrawmaterialsintofinishedgoods.Normally,adoesnotconsideronlyconversioncostsinmakingpricingdecisions,butifthecustomerweretofurnishtherawmaterials,conversioncostpricingwouldbeappropriate.Answer(C)isDirectlaborisanelementofconversioncosts.Answer(D)isincorrect.Factoryoverheadisanindirectcostthatisanelementofconversion考 Unit4CostManagement正确 笔 编辑笔17（单选题）Theterm“primecostsrefersandraw笔andraw笔A、ManufacturingcostsincurredtoproduceunitsofB、Allcostsassociatedwithmanufacturingotherthandirectlaborcostsandrawmaterialcosts.C、Thesumofdirectlaborcostsandallfactoryoverheadcosts.D、Thesumofrawmaterialcostsanddirectlabor展开答疑我要纠错收藏试题|正确答案是：D解Answer(A)isManufacturingcostsincurredtoproduceoutputareinventoriablecosts.Answer(B)isincorrect.Allcostsassociatedwithmanufacturingotherthandirectlaborcostscostsareoverheadcosts.Answer(C)isThesumofdirectlaborandoverheadisconversioncost.Answer(D)iscorrect.Primecostsarerawmaterialcostsanddirectlabor考Unit4CostManagement18（单选题）Costsareallocatedtocostobjectsinmanywaysandformanyreasons.Whichoneofthefollowingisapurposeofcostallocation?A、Evaluatingrevenuecenter eandassetsforexternalreporting.C、Budgetingcashandcontrollingexpenditures.D、Aidinginvariablecostingforinternal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)isArevenuecenterisevaluatedonthebasisofrevenuegenerated,withoutregardtocosts.Answer(B)iscorrect.Costallocationistheprocessofassigningandreassigningcoststocostobjects.Itisusedforthosecoststhatcannotbedirectlyassociatedwithaspecificcostobject.Costallocationisoftenusedforpurposesofmeasuring eandassetsforexternalreportingpurposes.Costallocationislessmeaningfulforinternalpurposesbecauseresponsbilityaccountingsystemsemphasizecontrollability,aprocessoftenignoredincostAnswer(C)isCostallocationisnotnecessaryforcashbudgetingandcontrollingexpenditures.Answer(D)isincorrect.Allocationsarenotneededforvariablecosting,whichconcernsdirect,notindirect,考 Unit4CostManagement正确 笔 编辑笔19（单选题）WhichofthefollowingisaperiodcostratherthanaproductcostofaA、DirectC、A、DirectD、Abnormal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)isDirectmaterialsareproductcosts.Answer(B)isincorrect.Variableoverheadisaproductcost.Answer(C)isincorrect.Fixedoverheadisaproductcost.Answer(D)iscorrect.Materials,labor,andoverhead(bothfixedandvariable)areexamplesofproductcosts.Abnormalspoilageisanexampleofaperiodcost.Abnormalspoilageisnotinherentinaproductionprocessandshouldnotbecategorizedasaproductcost.Abnormalspoilageshouldbechargedtoalossaccountintheperiodthatdetectionofthespoilageoccurs.考 Unit4CostManagement正确 笔 编辑笔20（单选题）DirectlaborcostsarewagespaidMachineFactory OperatorsSupervisorsVice-A、 B、 C、 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)isOnlythewagespaidtothemachineoperatoraredirectlyidentifiablewiththeproductionofspecificfinishedgoods.Answer(B)isDirectlaborcostsarewagespaidtolaborthatcanbespecificallyidentifiedwithproductionoffinishedgoods.Becausethewagesofafactorymachineoperatorareidentifiablewithafinishedproduct,thewagesareadirectlaborcost.Becauseasupervisor’sorvice-’ssalaryisnotidentifiablewiththeproductionofspecificfinishedgoods,itisapartoffactoryoverheadandnotadirectlaborcost.Answer(C)isOnlythewagespaidtothemachineoperatoraredirectlyidentifiablewiththeproductionofspecificfinishedgoods.Answer(D)isOnlythewagespaidtothemachineoperatoraredirectlyidentifiablewiththeproductionofspecificfinishedgoods.考Unit4CostManagement正确笔21（选题）BrightCo.manufactureslightbulbs.ThefollowingsalarieswereincludedinBright’smanufacturingcostsfortheMachine Factory Machinery WhatistheamountofBright’sdirectlaborfortheAB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)isTheamountof$230,000includesthesalariesofmachinerymechanicsandfactoryAnswer(B)isTheamountof$205,000includesthesalariesoffactorysupervisors.Answer(C)isincorrect.Theamountof$170,000includesthesalariesofmachinerymechanics.Answer(D)iscorrect.Directlaborcostsarewagespaidtolaborthatcanfeasiblybespecificallyidentifiedwiththeproductionoffinishedgoods.Becausethewagesofmachineoperatorsareidentifiablewiththeproductionoffinishedgoods,their$145,000ofsalariesareadirectlaborcost.However,becausethesalariesandwagesofthefactorysupervisorsandmachinerymechanicsarenotidentifiablewiththeproductionoffinishedgoods,their$60,000and$25,000ofsalariesarenotdirectlabor考 Unit4CostManagement正确 笔编辑笔笔2222（单选题）ButlerCo.’sproductioncostsforJulyDirectDirectFactoryWhatWhatistheamountofcoststraceabletospecificAB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$234,000includesfactoryoverhead.Answer(B)iscorrect.Productcostscanbeassociatedwithaspecificproduct.Productcostsincludedirectmaterialsanddirectlabor.Factoryoverheadcannotbetracedtospecificproductsandthereforeisallocatedtoallproductsproduced.Thus,theamountofcoststraceabletospecificproductsintheproductionprocessis$228,000($120,000+$108,000).Answer(C)isTheamountof$120,000excludesdirectlabor.Answer(D)isincorrect.Theamountof$108,000excludesdirect考 Unit4CostManagement正确 笔 编辑笔23（单选题）RobertaJohnsonisthemanagerofSleep-WellInn,oneofachainofmoslocatedthroughouttheU.S.AnexampleofanoperatingcostatSleep-WellthatisbothdirectandfixedisC、Toilet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)isDirectcostsareonesthatcanbeassociatedwithaparticularcostobjectineconomicallyfeasbleway,thatis,theycanbetracedtothatobject.Fixedcostsarethatremainunchangedintotalovertherelevantrangeofproduction.Amosalaryistraceabletothesinglelocationshemanages,anditremainsfixedoveraperiodoftimeregardlessofthenumberofAnswer(B)isWaterisavariableAnswer(C)isToilettissueisavariableAnswer(D)isAdvertisingforthewholechainisnotadirectcostofRobertaJohnson’s考Unit4CostManagement正确笔编辑笔24（单选题）MelloJoyproduces200,000unitsofagoodthathasthefollowingcosts:Directmaterialcosts Directmanufacturinglaborcosts Indirectmanufacturinglabor MelloJoy’sperunitprimecostsandconversioncosts,respectively,A、$8and$15.B、$8and$18.C、$10and$8.D、$15and$8.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)isReversingthecorrectcalculationsresultsin$8and$15.Answer(B)isincorrect.Reversingthecorrectcalculationsandimproperlycombiningallthreecostelementsforoneofthecalculationsresultsin$8and$18.Answer(C)isTheamountof$10forprimecostresultsfromfailingtoincludedirectlabor.Answer(D)iscorrect.Primecostconsistsofdirectmaterialsanddirectlabor.Conversioncostconsistsofdirectlaborandmanufacturingoverhead.Theperunitcalculationsareasfollows:DirectDirectTotalprimecosts Dividedby:productionlevel ÷200,000 ÷200,000Perunitprimecost Perunitconversion 考 Unit4CostManagement正确 笔 编辑笔25（单选题）Manycompaniesrecognizethreemajorcategoriesofcostsofmanufacturingaproduct.Thesearedirectmaterials,directlabor,andoverhead.Whichofthefollowingisanoverheadcostintheproductionofanauto A、Thecostofsmalltoolsusedinmountingtiresoneachauto.B、Thecostofthetiresoneachauto.C、Thecostofthelaborerswhocetiresoneachauto.D、Thedeliverycostsforthetiresoneachauto.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)isThecostofsmalltoolsusedinmountingtirescannotbeidentifiedsolelywiththemanufactureofaspecificauto.Thiscostshouldbetreatedasfactoryoverheadbecauseitisidentifiablewiththeproductionprocess.Answer(B)isTirecostsarereadilyanddirectlyidentifiablewitheachautoand,thus,aredirectmaterialscosts.Answer(C)isThecostofthelaborerswhocetiresoneachautoisreadilyanddirectlyidentifiablewitheachauto.Hence,itisadirectlaborcost.Answer(D)isDeliverycostsarereadilyanddirectlyidentifiablewiththetiresdelivered.Thus,theyaredirectmaterialscosts.考 Unit4CostManagement正确 笔 编辑笔26（单选题）Aexperiencedamachinerybreakdownononeofitsproductionlines.Asaconsequenceofthebreakdown,manufacturingfellbehindscheduleandadecisionwasmadetoscheduleovertimetoreturnmanufacturingtoscheduleWhichofthefollowingmethodsistheproperwaytoaccountfortheovertimepaidtothedirectA、Theovertimehourstimesthesumofthestraight-timewagesandovertimepremiumwouldbechargedentirelymanufacturingB、Theovertimehourstimesthesumofthestraight-timewagesandovertimepremiumwouldbetreatedasdirectC、Theovertimehourstimestheovertimepremiumwouldbechargedtorepairandmaintenanceexpenseandtheovertimehourstimesthestraight-timewageswouldbetreatedasdirectlabor.D、Theovertimehourstimestheovertimepremiumwouldbechargedtomanufacturingoverheadandtheovertimehourstimesthestraight-timewageswouldbetreatedasdirectlabor.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)isThestraight-timewagestimestheovertimehoursshouldstillbetreatedasdirectlabor.Answer(B)isincorrect.Onlythestraight-timewagestimestheovertimehoursischargedtodirectlabor.Answer(C)isincorrect.Laborcostsarenotrelatedtorepairsandmaintenanceexpense.Answer(D)iscorrect.Directlaborcostsarewagespaidtolaborthatcanfeasiblybespecificallyidentifiedwiththeproductionoffinishedgoods.Factoryoverheadconsistsofallcosts,otherthandirectmaterialsanddirectlabor,thatareassociatedwiththemanufacturingprocess.Thus,straight-timewageswouldbetreatedasdirectlabor;however,becausetheovertimepremiumcostisacostthatshouldbebornebyallproduction,theovertimehourstimestheovertimepremiumshouldbechargedtomanufacturingoverhead.考 Unit4CostManagement正确 笔 编辑笔27（单选题）Acomputerchargesindirectmanufacturingcoststoaprojectatafixedpercentageofacostpool.Thisprojectiscoveredbyacost-plusernmentcontract.Whichofthefollowingisanappropriateguidelinefordetermininghowcostsareassignedtothepool?A、EstablishseparatepoolsforvariableandfixedB、AssignprimecostsandvariableadministrativecoststothesameC、Establishaseparatepoolforeachassemblylineworkertoaccountforwages.D、Assignallmanufacturingcostsrelatedtotheprojecttothesamepool.正确答案是：A您的答案是

展开答疑我要纠 收藏试题|收起解解Answer(A)is解Costpoolsareaccountsinwhichavarietyofsimilarcostsareaccumulatedpriortoallocationtocostobjectives.Theoverheadaccountisacostpoolintowhichvarioustypesofoverheadareaccumulatedpriortotheirallocation.Indirectmanufacturingcostsareanelementofoverheadallocatedtoacostpool.Ordinarily,differentallocationmethodsareappliedtovariableandfixedcosts,thusrequiringthemtobeseparated.Establishingseparatepoolsallowsthedeterminationofdualoverheadrates.Asaresult,theassessmentofcapacitycosts,thechargingofappropriateratestouserdepartments,andtheisolationofvariancesarefacilitated.Answer(B)isPrimecostsaredirectcosts,andvariableadministrativecostsareperiod,notmanufacturing,costs