版权说明：本文档由用户提供并上传，收益归属内容提供方，若内容存在侵权，请进行举报或认领
文档简介
Chapter20ProcessCosting
MULTIPLECHOICEQUESTIONS
1)Themanagersofprocessoperationsfocusontheseriesofrepetitiveprocesses,orsteps,resultingin
anoncustomizedproductorservice.
A)True
B)False
Answer:A
Explanation:
Diff:I
Topic:ProcessOperations
LearningObjective:20-CIExplainprocessoperationsandthewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
2)Manufacturersthatutilizeprocessoperationsproducelargequantitiesofidenticalproducts.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:ProcessOperations
LearningObjective:20-C1Explainprocessoperationsandthewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
3)Inaprocesscostingsystemcostsaremeasureduponcompletionofeachjob.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-AlCompareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
A1CPA:BBIndustry;FNMeasurement
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
4)Thecostobjectinaprocesscostingsystemisthespecificjob.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-A1Compareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
5)Equivalentunitsofproductionrefertothenumberofunitsthatcouldhavebeenstartedand
completedgiventhecostsincurredduringtheperiod.
A)True
B)False
Answer:A
Explanation:
Diff:2
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Understand
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
6)Inaprocesscostingsystem,companiestypicallyendeachperiodwithonlyFinishedGoods
Inventory.
A)True
B)False
Answer:B
Explanation:
Diff:1
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry:FNMeasurement
2
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
7)Equivalentunitsofproductionarealwaysthesameasthetotalnumberofphysicalunitsfinished
duringtheperiod.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
8)Equivalentunitsofproductionfordirectmaterialsanddirectlaborarealwaysthesame.
A)True
B)False
Answer:B
Explanation:
Diff:2
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Understand
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
9)Equivalentunitsofproductionisanengineeringtermusedtodescribetheprocessbywhichone
companyattemptstomanufactureunitsofaproductthatareequivalenttotheproduct
manufacturedbyacompetitor.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom*s:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
3
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
10)Conversioncostperequivalentunitisthecombinedcostsofdirectmaterialsandfactoryoverhead.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
11)Conversioncostperequivalentunitisthecombinedcostsofdirectlaborandfactoryoverhead.
A)True
B)False
Answer:A
Explanation:
Diff:1
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
12)Theprocesscostsummaryisanimportantmanagerialaccountingreportproducedbyaprocess
costingsystem.
A)True
B)False
Answe亡A
Explanation:
Diff:I
Topic:ProcessCosting
LearningObjective:20-C3Describeaccountingforproductionactivityandpreparationofaprocesscostsummaryusingweighted
average.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNReporting
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
13)Aprocesscostsummaryisanaccountingreportthatdescribesthecostschargedtoeach
department,theequivalentunitsofproductionbyeachdepartment,anddeterminingthecosts
assignedtoeachdepartment'soutput.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:ProcessCosting
LearningObjective:20-C3Describeaccountingforproductionactivityandpreparationofaprocesscostsummaryusingweighted
average.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNReporting
14)Aprocesscostsummaryusuallydoesnotincludethenumberofequivalentunitsofproductionfor
theperiod.
A)True
B)False
Answer:B
Explanation:
Diff:1
Topic:ProcessCosting
LearningObjective:20-C3Describeaccountingforproductionactivityandpreparationofaprocesscostsummaryusingweighted
average.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNReporting
15)Aprocesscostsummaryshowsthecostofaparticularjobmanufacturedinthereportingperiod.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:ProcessCosting
LearningObjective:20-C3Describeaccountingforproductionactivityandpreparationofaprocesscostsummaryusingweighted
average.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry:FNReporting
5
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
16)TheFIFOmethodofcomputingequivalentunitsfocusesonproductionactivityinthecurrent
periodonly.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:FIFOMethodofProcessCosting
LearningObjective:20-C4Appendix20A-Describeaccountingforproductionactivityandpreparationofaprocesscostsummary
usingFIFO.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
17)Ifadepartmentthatusesprocesscostingstartsthereportingperiodwith100,000physicalunitsthat
were20%completewithrespecttodirectlabor,theequivalentunitsofdirectlaborinbeginning
WorkinProcessare20,000.
A)True
B)False
Answer:A
Explanation:
Diff:2
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Understand
AACSB:AnalyticalThinking
AICPA:BBIndustry;FNMeasurement
18)TheFIFOmethodofcomputingequivalentunitsincludesthebeginninginventorycostsin
computingthecostperequivalentunitfbrthecurrentperiod.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:FIFOMethodofProcessCosting
LearningObjective:20-C4Appendix20A-Describeaccountingforproductionactivityandpreparationofaprocesscostsummary
usingFIFO.
Bloom's:Remember
AACSB:AnalyticalThinking
AICPA:BBIndustry;FNMeasurement
6
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
19)TheFIFOmethodofcomputingequivalentunitsexcludesthebeginninginventorycostsin
computingthecostperequivalentunitforthecurrentperiod.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:FIFOMethodofProcessCosting
LearningObjective:20-C4Appendix20A-Describeaccountingfbrproductionactivityandpreparationofaprocesscostsummary
usingFIFO.
Bloom's:Remember
AACSB:AnalyticalThinking
AICPA:BBIndustry;FNMeasurement
20)Processandjobordermanufacturingoperationsbothcombinematerials,labor,andoverheaditems
intheprocessofproducingproducts.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-AICompareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
21)Processcostingsystemsarecommonlyusedbycompaniesthatproducealargevolumeof
standardizedunitsonacontinuousbasis.
A)True
B)False
Answer:A
Explanation:
Diff:1
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-A1Compareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
22)Theterm"processcostingsystem"isusedinreferencetothenumberoftrainedindividualsand
computersrequiredtoprocessthecollectedcostinformation.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-A1Compareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
23)ProcesscostingtypicallyusesonlyoneWorkinProcessInventoryaccount,whilejobordercosting
typicallyusesaseparateWorkinProcessInventoryaccountforeachdepartment.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-AlCompareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
24)Aproductiondepartmentisanorganizationalunitthathastheresponsibilityforthecomplete
processingofoneparticularproduct.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:ProcessOperations
LearningObjective:20-C1Explainprocessoperationsandthewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
A1CPA:BBIndustry;FNDecisionMaking
8
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
25)Inaprocesscostingsystem,withtheexceptionofthefirstdepartment,eachdepartmentreceives
outputfromthepriordepartmentasapartiallyprocessedproduct.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:ProcessOperations
LearningObjective:20-C1Explainprocessoperationsand(hewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
26)Inprocesscosting,thecostobjectistheprocessandinjobcosting,thecostobjectisajob.
A)True
B)False
Answer:A
Explanation:
Diff:I
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-AlCompareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
27)Processcostingisappliedtooperationswithrepetitiveproductionandcustomizedproducts.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:ProcessOperations
LearningObjective:20-CIExplainprocessoperationsandthewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
28)Processcostingisappliedtooperationswithrepetitiveproductionandnoncustomizedproducts.
A)True
B)False
Answer:A
Explanation:
Diff:I
Topic:ProcessOperations
LearningObjective:20-CIExplainprocessoperationsandthewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
29)Inaprocessoperation,alllaborthatisusedexclusivelybyasingleproductiondepartmentis
consideredtobedirectlabor.
A)True
B)False
Answer:A
Explanation:
Diff:2
Topic:AccountingforLaborCosts
LearningObjective:2O-P2Recordtheflowoflaborcostsinprocesscosting.
Bloom's:Understand
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
30)Processcostingsystemsconsideroverheadcoststoincludethosecoststhatcannotbetracedtoa
specificprocess.
A)True
B)False
Answe亡A
Explanation:
Diff:2
Topic:AccountingforFactoryOverhead
LearningObjective:20-P3Recordtheflowoffactoryoverheadcostsinprocesscosting.
Bloom's:Understand
AACSB:Communication
AICPA:BBIndustry:FNMeasurenienl
10
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
31)Companiesthatuseaseriesofrepetitivemanufacturingprocessestoproducestandardizedproducts
shoulduseaprocesscostingsystem.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:ProcessOperations
LearningObjective:20-C1Explainprocessoperationsand(hewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
32)Processcostingsystemsareusedonlybycompaniesthatmanufacturephysicalproducts;
companiesthatprovideservicesdonotuseprocesscosting.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-AlCompareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
33)Processcostingsystemsarecommonlyusedbycompaniesthatmanufacturestandardizedproducts
bypassingthemthroughaseriesofmanufacturingsteps.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:ProcessOperations
LearningObjective:20-C1Explainprocessoperationsandthewaytheydifferfromjoborderoperations.
Bloom's:Remember
AACSB:Communication
A1CPA:BBIndustry;FNDecisionMaking
11
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
34)Theuseofprocesscostingisoflittlebenefittoaservicetypeofoperation.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:ComparingProcessandJobOrderCostingSystems
LearningObjective:20-A1Compareprocesscostingandjobordercosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
35)Inprocesscosting,theclassificationofmaterialsasdirectorindirectdependsonwhetherornot
theyareclearlylinkedwithaspecificprocessordepartment.
A)True
B)False
Answer:A
Explanation:
Diff:2
Topic:AccountingforMaterialsCosts
LearningObjective:20-P1Recordtheflowofmaterialscostsinprocesscosting.
Bloom's:Understand
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
36)Conversioncostperequivalentunitisthecombinedcostofdirectlaborandfactoryoverheadper
equivalentunit.
A)True
B)False
Answe亡A
Explanation:
Diff:1
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry:FNMeasurement
12
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
37)Conversioncostperequivalentunitisthecombinedcostofdirectmaterials,directlabor,and
factoryoverheadperequivalentunit.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
38)Whendirectlaborandoverheadentertheproductionprocessatdifferentrates,itisappropriateto
useaconversioncostperequivalentunit.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNMeasurement
39)Whendirectlaborandoverheadentertheproductionprocessatthesamerates,itisappropriateto
useaconversioncostperequivalentunit.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:EquivalentUnitsofProduction
LearningObjective:20-C2Defineandcomputeequivalentunitsandexplaintheiruseinprocesscosting.
Bloom's:Remember
AACSB:Communical沁n
AICPA:BBIndustry;FNMeasurement
13
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
40)Inprocesscosting,indirectmaterialsarealwaysclassifiedasfactoryoverhead,eveniftheyare
linkedwithaspecificproductionprocessordepartment.
A)True
B)False
Answer:B
Explanation:
Diff:2
Topic:AccountingforMaterialsCosts
LearningObjective:20-PIRecordtheflowofmaterialscostsinprocesscosting.
Bloom's:Understand
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
41)Hybridsystemscontainfeaturesofbothprocessandjoborderoperations.
A)True
B)False
Answer:A
Explanation:
Diff:i
Topic:HybridCostingSystem
LearningObjective:20-A2Explainandillustrateahybridcostingsystem.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
42)Hybridcostingsystemscanonlybeappliedtomanufacturing.
A)True
B)False
Answer:B
Explanation:
Diff:I
Topic:HybridCostingSystem
LearningObjective:20-A2Explainandillustrateahybridcostingsystem.
Bloom's:Remember
AACSB:Communication
AICPA:BBIndustry;FNDecisionMaking
14
Copyright©McGraw-HillEducation.Allrightsreserved.NoreproductionordistributionwithoutthepriorwrittenconsentofMcGraw-HillEducation.
43)Inaprocesscostingsystem,thepurchaseofrawmaterialsiscreditedtotheRawMaterials
Inventory.
A)True
B)False
Answer:B
Explanation:
Diff:i
Topic:AccountingforMaterialsCosts
LearningObjective:20-PIRecordtheflowofmaterialscostsinprocesscosting.
Bloom's:Remember
AACSB:AnalyticalThinking
AICPA:BBIndustry;FNMeasurement
44)Inaprocesscostingsystem,thepurchaseofrawmaterialsisdebitedtotheRawMaterials
Inventory.
A)True
B)False
Answer:A
Explanation:
Diff:I
Topic:AccountingforMaterialsCosts
LearningObjective:20-P1Recordtheflowofmaterialscostsinprocesscosting.
Bloom's:Remember
AACSB:AnalyticalThinking
AICPA:BBIndustry;FNMeasurement
45)Inaprocesscostingsystem,theentrytorecordcostofmaterialsassignedtoaproduction
departmentrequiresadebittotheRawMaterialsInventoryaccountandacredittotheWorkin
ProcessInventoryaccountforthatdepartment.
A)True
B)False
Answer:B
Explanation
温馨提示
- 1. 本站所有资源如无特殊说明，都需要本地电脑安装OFFICE2007和PDF阅读器。图纸软件为CAD,CAXA,PROE,UG,SolidWorks等.压缩文件请下载最新的WinRAR软件解压。
- 2. 本站的文档不包含任何第三方提供的附件图纸等，如果需要附件，请联系上传者。文件的所有权益归上传用户所有。
- 3. 本站RAR压缩包中若带图纸，网页内容里面会有图纸预览，若没有图纸预览就没有图纸。
- 4. 未经权益所有人同意不得将文件中的内容挪作商业或盈利用途。
- 5. 人人文库网仅提供信息存储空间，仅对用户上传内容的表现方式做保护处理，对用户上传分享的文档内容本身不做任何修改或编辑，并不能对任何下载内容负责。
- 6. 下载文件中如有侵权或不适当内容，请与我们联系，我们立即纠正。
- 7. 本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
最新文档
- 肺栓塞患者的氧疗护理与呼吸支持
- 老年护理：基于循证的护理实践方法
- 肠息肉与生活方式的关系
- 骨折并发症护理查房
- 血透室患者心理护理
- 长期卧床病人褥疮的预防性护理
- 2026 塑型进阶鱼丸课件
- 《商务数据可视化》课件-2.1-认识可视化图表的类型
- 2026 增肌期希腊酸奶课件
- 褥疮护理中的心理支持
- 《回话的技术》读书笔记PPT模板思维导图下载
- 医院电子病历系统应用水平分级评价 4级实证材料基础项
- 大自然中的数学
- 以林黛玉之“笑”窥其之“真”论文
- 小学一年级下册书法教案-全册
- 车辆工程专业导论试题汇总第1-6章
- 动静脉采血技术培训课件
- 生物电化学全解
- GB/T 6548-2011瓦楞纸板粘合强度的测定
- 西藏自治区建筑与政工程竣工验收报告
- 表5不合格中成药
评论
0/150
提交评论