雨课堂学堂在线学堂云《Cost Accounting（江西师范）》单元测试考核答案

第1题Managementaccounting________.Afocusesonestimatingfuturerevenues,costs,andothermeasurestoforecastactivitiesandtheirresultsBprovidesinformationaboutthecompanyasawholeCreportsinformationthathasoccurredinthepastthatisverifiableandreliableDprovidesinformationthatisgenerallyavailableonlyonaquarterlyorannualbasis第2题Financialaccountingprovidestheprimarysourceofinformationfor________.AdecisionmakinginthefinishingdepartmentBimprovingcustomerserviceCpreparingtheincomestatementforshareholdersDplanningnextyear'soperatingbudget第3题Managementaccountinginformationtypicallyincludes________.AtabulatedresultsofcustomersatisfactionsurveysBthecostofproducingaproductCthepercentageofunitsproducedthataredefectiveDAlloftheseanswersarecorrect.第4题Financialaccounting________.Afocusesonthefutureandincludesactivitiessuchaspreparingnextyear'soperatingbudgetBmustcomplywithGAAP(generallyacceptedaccountingprinciples)Cistheprocessofmeasuring,analyzing,andreportingfinancialandnonfinancialinformationrelatedtothecostsofacquiringorusingresourcesinanorganizationDispreparedfortheuseofdepartmentheadsandotheremployees第5题Whichofthefollowingdifferentiatescostaccountingandfinancialaccounting?ATheprimaryusersofcostaccountingaretheinvestors,whereastheprimaryusersoffinancialaccountingarethemanagers.BCostaccountingdealswithproductdesign,production,andmarketingstrategies,whereasfinancialaccountingdealsmainlywithpricingoftheproducts.CCostaccountingmeasuresonlythefinancialinformationrelatedtothecostsofacquiringfixedassetsinanorganization,whereasfinancialaccountingmeasuresfinancialandnonfinancialinformationofacompany'sbusinesstransactions.DCostaccountingmeasuresinformationrelatedtothecostsofacquiringorusingresourcesinanorganization,whereasfinancialaccountingmeasuresafinancialpositionofacompanytoinvestors,banks,andexternalparties.第1题TheStandardsofEthicalConductformanagementaccountantsincludeconceptsrelatedto________.Acompetence,performance,diligence,andreportingBcompetence,confidentiality,integrity,andcredibilityCexperience,diligence,reporting,andobjectivityDdiligence,objectivity,conflictsofinterest,andcredibility第2题WhichofthefollowingdifferentiatesconfidentialityandcredibilityundertheStandardsofEthicalConduct?()ACredibilitydealswithrefrainingfromactivitiesthatwouldprejudicecarryingdutiesethically,whileconfidentialitydealswithcommunicatinginformationfairlyandobjectively.BConfidentialitydealswithrefrainingfromtheusageofcriticalinformationforunethicalorillegaladvantage,whilecredibilityensuresdisclosingtherelevantinformationthatwouldhelptheintendeduser'sunderstanding.CCredibilitydealswithrefrainingfromtheusageofcriticalinformationforunethicalorillegaladvantage,whileconfidentialityensuresdisclosingtherelevantinformationthatwouldhelptheuser'sunderstanding.DCredibilityensuresappropriatelevelofprofessionalexpertisebycontinuallydevelopingknowledgeandskills,whileconfidentialityencouragesmitigationofactualconflictsofinterest.第3题Ethicalchallengesformanagementaccountantsinclude________.Awhethertoacceptgiftsfromsuppliers,knowingitisanefforttoindirectlyinfluencedecisionsBadheringtotheprinciplesofaccountingCwhethertofileataxreturnthisyearDwhethertoacceptgiftshigherincentivesfromthecompanyfortheirperformance第4题Ifthereisanethicalconflictconcerningyourdirectsupervisor,whenisitappropriatetocontactauthoritiesorindividualsnotemployedbytheorganization?()AwhenthereisapersonalconflictBwhenyoursupervisorisabouttobepromotedCwhenthereisaclearviolationofthelawDwhenyoufaceinjusticefromyoursupervisor第5题AsperIMAstatementofethicalprofessionalpractice,integrityreferstodisclosingallrelevantinformationthatcouldreasonablybeexpectedtoinfluenceanintendeduser'sunderstandingofthereports,analyses,orrecommendationsisaresponsibility.()BasicCostTerminology第1题Budgetedcostsare________.AthecostsincurredthisyearBthecostsincurredlastyearCplannedorforecastedcostsDcompetitor'scosts第2题Costassignment________.AincludesfutureandarbitrarycostsBencompassesallocatingindirectcoststoacostobjectCisthesameascostaccumulationDisthedifferencebetweenbudgetedandactualcosts第3题Costaccumulationis________.AthecollectionofcostdatainsomeorganizedwaybymeansofanaccountingsystemBanythingforwhichacostmeasurementisdesiredCanythingforwhichaprofitmeasurementisdesiredDthecollectionofprofitdatainsomeorganizedwaybymeansofanaccountingsystem第4题Anactualcostis________.AisthecostincurredBisapredictedorforecastedcostCisanythingforwhichacostmeasurementisdesiredDisthecollectionofcostdatainsomeorganizedwaybymeansofanaccountingsystem第5题Whichofthefollowingstatementsistrueofdirectcosts?AAdirectcostofonecostobjectisatruesenseofthebudgetedcosts.BAllvariablecostsaredirectcosts.CAdirectcostofonecostobjectcanbeanindirectcostofanothercostobject.DAllfixedcostsaredirectcosts.第6题LucasManufacturinghasthreecostobjectsthatitusestoaccumulatecostsforitsmanufacturingplants.Theyare:Costobject#1:

ThephysicalbuildingsandequipmentCostobject#2:

TheuseofbuildingsandequipmentCostobject#3:

TheavailabilityanduseofmanufacturinglaborThefollowingmanufacturingoverheadcostcategoriesarefoundintheaccountingrecords:a.Depreciationonbuildingsandequipmentb.Lubricantsformachinesc.Propertyinsuranced.Supervisorssalariese.Fringebenefitsf.

Propertytaxesg.UtilitiesRequired:Assigneachoftheabovecoststothemostappropriatecostobject.ACostobject#1includescategoriesa,c,andf.Costobject#2includescategoriesbandg.Costobject#3includescategoriesdande.BCostobject#1includescategoriesa,b,ande.Costobject#2includescategoriescandg.Costobject#3includescategoriesdandf.CCostobject#1includescategoriesa,b,ande.Costobject#2includescategoriesdandg.Costobject#3includescategoriescandf.DCostobject#1includescategoriesb,c,ande.Costobject#2includescategoriesaandd.Costobject#3includescategoriesgandf.CostbehaviorandClassifications第1题Whichofthefollowingistrueifthevolumeofsalesincreases(withinarelevantrange)?AfixedcostincreasesBvariablecostdecreasesCvariablecostincreasesDfixedcostdecreases第2题Whichofthefollowingisafixedcost?AmonthlyrentpaymentBelectricityexpensesCtravelexpensesDdirectmaterialcosts第3题Costbehaviorrefersto________.AhowcostsreacttoachangeinthelevelofactivityBwhetheracostisincurredinamanufacturing,merchandising,orservicecompanyCclassifyingcostsaseitherperpetualorperiodcostsDwhetheraparticularexpenseisexpensedinthesameorthefollowingperiodUnitCostsandTotalCosts第1题Aunitcostiscomputedby________.AmultiplyingtotalcostbythenumberofunitsproducedBdividingtotalcostbythenumberofunitsproducedCdividingvariablecostbythenumberofunitsproducedDdividingfixedcostbythenumberofunitsproduced第2题When20,000unitsareproduced,variablecostsare$8perunit.Therefore,when10,000unitsareproduced________.Avariablecostswillremainat$8perunitBvariablecostswilltotal$60,000Cvariableunitcostswillincreaseto$12perunitDvariableunitcostswilldecreaseto$3perunit第3题Inmakingproductmixandpricingdecisions,managersshouldfocuson________.AtotalcostsBunitcostsCvariablecostsDmanufacturingcoststypesofinventory第1题________sectorcompaniespurchasematerialsandcomponentsandconvertthemintofinishedgoods.AMerchandisingBServiceCManufacturingDProfessional第2题Whichofthefollowingcostisincludedincostofgoodssold?AcustomerservicecostBmanufacturinglaborcostCdistributioncostDmarketingcost第3题Manufacturingoverheadcostsarealsoreferredtoas________.AindirectmanufacturingcostsBprimecostsCdirectmanufacturingcostsDdirectmaterialsection1第1题Financialaccounting________.Afocusesonthefutureandincludesactivitiessuchaspreparingnextyear'soperatingbudgetBmustcomplywithGAAP(generallyacceptedaccountingprinciples)Cistheprocessofmeasuring,analyzing,andreportingfinancialandnonfinancialinformationrelatedtothecostsofacquiringorusingresourcesinanorganizationDispreparedfortheuseofdepartmentheadsandotheremployees第2题Theprimaryuserofmanagementaccountinginformationisa()________.AthecontrollerBashareholderevaluatingastockinvestmentCbondholderDexternalregulator第3题Financialaccountingprovidestheprimarysourceofinformationfor________.AdecisionmakinginthefinishingdepartmentBimprovingcustomerserviceCpreparingtheincomestatementforshareholdersDplanningnextyear'soperatingbudget第4题Anactualcostis________.AisthecostincurredBisapredictedorforecastedcostCisanythingforwhichacostmeasurementisdesiredDisthecollectionofcostdatainsomeorganizedwaybymeansofanaccountingsystem第5题Costaccumulationis________.AthecollectionofcostdatainsomeorganizedwaybymeansofanaccountingsystemBanythingforwhichacostmeasurementisdesiredCanythingforwhichaprofitmeasurementisdesiredDthecollectionofprofitdatainsomeorganizedwaybymeansofanaccountingsystem第6题Classifyingacostaseitherdirectorindirectdependsupon________.AthebehaviorofthecostinresponsetovolumechangesBwhetherthecostisexpensedintheperiodinwhichitisincurredCwhetherthecostcanbeeasilytracedwiththecostobjectDwhetheracostisfixedorvariable第7题Abandofnormalactivityorvolumeinwhichspecificcost-volumerelationshipsaremaintainedisreferredtoasthe________.AaveragerangeBcost-allocationrangeCcostdriverrangeDrelevantrange第8题Outsidetherelevantrange,variablecosts,suchasdirectmaterialcosts________.AwilldecreaseproportionatelywithchangesinsalesvolumesBwillremainthesamewithchangesinproductionvolumesCwillnotchangeproportionatelywithchangesinproductionvolumesDwillincreaseproportionatelywithchangesinsalesvolumes第9题Manufacturingoverheadcostsinanautomobilemanufacturingplantmostlikelyinclude________.AlaborcostsofthepaintingdepartmentBindirectmaterialcostssuchaslubricantsCleatherseatcostsDtyrecosts第10题Whichofthefollowingcostisincludedincostofgoodssold?()AcustomerservicecostBmanufacturinglaborcostCdistributioncostDmarketingcost第11题________aretheacquisitioncostsofallmaterialsthateventuallybecomepartofthecostobjectandcanbetracedtothecostobject.ASalestaxespaidtoacquirematerialsBWagespaidtoassembly-lineworkersCPlantdepreciationincurredDPropertytaxesonplant第12题Whichofthefollowingisaninventoriablecost?()AmanufacturingoverheadcostBcustomerservicecostsCdistributioncostsDmarketingcosts第13题R&Dcostsaretreatedasperiodcostsbecause________.AthesecostsmayincreaserevenuesinthecurrentperiodBthesecostsmayincreaserevenuesinthefutureperiodCthesecostsmaydecreaserevenuesinthecurrentperiodDthesecostsareexpensedwhenthegoodsaresold第14题Managementaccountantshaveimportantethicalresponsibilitiesthatarerelatedtocompetence,confidentiality,integrity,andcredibility.第15题Costsareaccountedforintwobasicstages:assignmentfollowedbyaccumulation.第16题Periodcostsareincludedinthecostofgoodssold.第17题Inventoriablecostsandperiodcostsflowthroughtheincomestatementatamerchandisingcompanysimilartothewaycostsflowatamanufacturingcompany.第18题Indirectmanufacturingcostsarealsoreferredtoasmanufacturingoverheadcostsorfactoryoverheadcosts.第19题Allmanufacturingcostsareperiodcosts.第20题Manufacturingsectorfirmsnormallyholdthreetypesofinventory:directmaterialsinventory,work-in-processinventory,andfinishedgoodsinventory.CVP第1题Contributionmarginequals________.ArevenuesminusperiodcostsBrevenuesminusproductcostsCrevenuesminusvariablecostsDrevenuesminusfixedcosts第2题AsperCVP,operatingincomecalculationsuse________.AnetincomeanddividendsBincometaxexpenseandnetincomeCcontributionmarginsandfixedcostsDnonoperatingrevenuesandnonoperatingexpenses第3题Atbreakevenpoint,________.AoperatingincomeisequaltozeroBcontributionmarginminusfixedcostsisequaltoprofitsearnedCrevenuesequalfixedcostsminusvariablecostsDbreakevenrevenuesequalfixedcostsdividedbythevariablecostperunit第4题Managersusecost-volume-profit(CVP)analysisto______.AforecastthecostofcapitalforagivenperiodoftimeBtostudythebehaviorofandrelationshipamongtheelementssuchastotalrevenues,totalcosts,andincomeCestimatetherisksassociatedwithagivenjobDanalyseafirm'sprofitabilityandhelptodecidewealthdistributionamongitsstakeholderssensitivityanalysis第1题Themarginofsafetyisthedifferencebetween________.AbudgetedexpensesandbreakevenexpensesBbudgetedrevenuesandbreakevenrevenuesCactualoperatingincomeandbudgetedoperatingincomeDactualsalesmarginandbudgetedsalesmargin第2题________istheprocessofvaryingkeyestimatestoidentifythoseestimatesthatarethemostcriticaltoadecision.AThegraphmethodBAsensitivityanalysisCThedegreeofoperatingleverageDSalesmix第3题Sensitivityanalysisisa"what-if"techniquethatmanagersusetoexaminehowaresultwillchangeiftheoriginallypredicteddataarenotachievedorifanunderlyingassumptionchanges.()inventorycosting第1题Whichofthefollowingcostsisinventoriedwhenusingabsorptioncosting?AvariablesellingcostsBfixedadministrativecostsCvariablemanufacturingcostsDfixedsellingcosts第2题________isamethodofinventorycostinginwhichallvariablemanufacturingcosts(directandindirect)areincludedasinventoriablecostsandallfixedmanufacturingcostsareexcluded.AMarginalcostingBMixedcostingCAbsorptioncostingDStandardcosting第3题Marginalcostingregardsfixedmanufacturingoverheadasa(an)________.AadministrativecostBinventoriablecostCperiodcostDproductcostOverviewofabsorptionandmarginalcosting第1题Thedifferencebetweenoperatingincomesundermarginalcostingandabsorptioncostingcentersonhowtoaccountfor________.AdirectmaterialscostsBfixedmanufacturingcostsCvariablemanufacturingcostsDsellingandadministrativecosts第2题________issubtractedfromsaleswhilecalculatingcontributionmargin.ADirectlaborinfactoryBRentonfactorybuildingCRentontheheadquarterʹsbuildingDSalescommissiononincrementalsales第3题Whichofthefollowingstatementsistrueofabsorptioncosting?AAbsorptioncostingallocatesfixedmanufacturingoverheadtoactualunitsproducedduringtheperiod.BAbsorptioncostingcarriesovernonmanufacturingcoststothefutureperiods.CAbsorptioncostingshowsthesamelevelofprofitasmarginalcostingirrespectiveofthelevelofinventories.DAbsorptioncostingallocatestotalmanufacturingcostusingthebudgetedlevelofproductionforaparticularyear.ExtendingtheExample第1题JeanPeck'sFurniture'smanufacturestablesforhospitalitysector.Ittakesonlybulkordersandeachtableissoldfor$300afternegotiations.InthemonthofJanuary,itmanufactures3,000tablesandsells2,250tables.Actualfixedcostsarethesameastheamountfixedcostsbudgetedforthemonth.ThefollowinginformationisprovidedforthemonthofJanuary:Variablemanufacturingcosts$120perunitFixedmanufacturingcosts$90,000permonthFixedAdministrativeexpenses$25,000permonthAttheendofthemonthJeanPeck'sFurniture'shasanendinginventoryoffinishedgoodsof750units.Thecompanyalsoincursasalescommissionof$10perunit.Whatisthecostofgoodssoldperunitwhenusingabsorptioncosting?A$120B$128C$150D$158第2题JeanPeck'sFurniture'smanufacturestablesforhospitalitysector.Ittakesonlybulkordersandeachtableissoldfor$300afternegotiations.InthemonthofJanuary,itmanufactures3,000tablesandsells2,250tables.Actualfixedcostsarethesameastheamountfixedcostsbudgetedforthemonth.ThefollowinginformationisprovidedforthemonthofJanuary:Variablemanufacturingcosts$120perunitFixedmanufacturingcosts$90,000permonthFixedAdministrativeexpenses$25,000permonthAttheendofthemonthJeanPeck'sFurniture'shasanendinginventoryoffinishedgoodsof750units.Thecompanyalsoincursasalescommissionof$10perunit.Whatisthegrossmarginwhenusingabsorptioncosting?A$675,000B$527,500C$270,000D$337,500第3题JeanPeck'sFurniture'smanufacturestablesforhospitalitysector.Ittakesonlybulkordersandeachtableissoldfor$300afternegotiations.InthemonthofJanuary,itmanufactures3,000tablesandsells2,250tables.Actualfixedcostsarethesameastheamountfixedcostsbudgetedforthemonth.ThefollowinginformationisprovidedforthemonthofJanuary:Variablemanufacturingcosts$120perunitFixedmanufacturingcosts$90,000permonthFixedAdministrativeexpenses$25,000permonthAttheendofthemonthJeanPeck'sFurniture'shasanendinginventoryoffinishedgoodsof750units.Thecompanyalsoincursasalescommissionof$10perunit.Whatistheoperatingincomewhenusingabsorptioncosting?A$337,500B$312,500C$290,000D$260,500Advantagesanddisadvantages第1题Throughputcostingisalsocalled________.AabsorptioncostingBsuper-variablecostingCmixedcostingDdirectcosting第2题Advocatesofthroughputcostingarguethat________.AfixedmanufacturingcostsarealsotobeincludedasinventoriablecostsBdirectmanufacturinglaborisrelativelyfixedCdirectmaterialscostsareacostoftheperiodDonlydirectmaterialcostsareincludedasinventoriablecosts第3题WhichofthefollowinginventorycostingmethodsshownbelowisrequiredbyGAAP(GenerallyAcceptedAccountingPrinciples)forexternalfinancialreporting?AabsorptioncostingBmarginalcostingCthroughputcostingDdirectcostingReviewquestion第1题Contributionmarginequals________.ArevenuesminusperiodcostsBrevenuesminusproductcostsCrevenuesminusvariablecostsDrevenuesminusfixedcosts第2题ShineJewelrysells400unitsresultingin7,000ofsalesrevenue,3,000ofvariablecosts,and$1,500offixedcosts.Contributionmarginperunitis________.A$4.00B$11.00C$10.00D$8.00第3题ShineJewelrysells400unitsresultingin7000ofsalesrevenue,3000ofvariablecosts,and$1,500offixedcosts.Calculatethevariablecostperunit.A$11.00B$7.00C$8.00D$7.50第4题Aunitcostiscomputedbydividingtotalcostbythenumberofunits.section2第1题OneofthefirststepstotakewhenusingCVPanalysistohelpmakedecisionsis________.Acalculatingthebreak-evenpointBidentifyingthevariableandfixedcostsCcalculationofthedegreeofoperatingleverageforthecompanyDestimatingthevolumeofsalestomakeagoodprofit第2题Whichofthefollowingis正确ofcost-volume-profitanalysis?()AThetheoryassumesthatallcostsarevariable.BThetheoryassumesthatunitsmanufacturedequalunitssold.CThetheorystatesthattotalvariablecostsremainthesameoverarelevantrange.DThetheorystatesthattotalcostsremainthesameovertherelevantrange.第3题Thesellingpriceperunitlessthevariablecostperunitisthe________.AfixedcostperunitBgrossmarginCmarginofsafetyDcontributionmarginperunit第4题Whichofthefollowingis正确ofCVPanalysis?()ACostsmaybeseparatedintoseparateinventoriableandperiodcomponentswithrespecttothelevelofoutput.BTotalrevenuesandtotalcostsarelinearinrelationtooutputunits.CUnitsellingprice,unitvariablecosts,andunitfixedcostsareknownandremainconstant.DProportionofdifferentproductswillvaryaccordingtodemandandsupplywhenmultipleproductsaresold.第5题AsperCVP,operatingincomecalculationsuse________.AnetincomeanddividendsBincometaxexpenseandnetincomeCcontributionmarginsandfixedcostsDnonoperatingrevenuesandnonoperatingexpenses第6题BovousStores,Inc.,sellsseveralproducts.Informationofaveragerevenueandcostsisasfollows:Therevenuesthatthecompanymustearnannuallytomakeaprofitof$144,000are_______.A$378,000B$425,000C$400,000D$450,000第7题AlexFurnituresellsatablefor850.Hisfixedcostsare25,000,whilehisvariablecostsare$500pertable.Hecurrentlyplanstosell175tablesthismonth.WhatisthebudgetedrevenueforthemonthassumingthatAlexsells175tables?()A$145,750B$148,750C$150,000D$142,250第8题AlexFurnituresellsatablefor850.Hisfixedcostsare25,000,whilehisvariablecostsare$500pertable.Hecurrentlyplanstosell175tablesthismonth.WhatisthebudgetedoperatingincomeforthemonthassumingthatAlexsells175tables?()A$45,250B$37,000C$36,250D$36,750第9题Winnzsells8,000unitsresultingin100,000ofsalesrevenue,35,000ofvariablecosts,and$45,000offixedcosts.Thecontributionmarginpercentageis________.A66.67%B65.0%C37.5%D75.0%第10题Winnzsells8,000unitsresultingin100,000ofsalesrevenue,35,000ofvariablecosts,and$45,000offixedcosts.Whichofthefollowingisthemathematicalexpressionofcontributionmarginratio?()AContributionmarginratio=Contributionmarginpercentage×Revenues(indollars)BContributionmarginratio=Contributionmarginpercentage×Fixedcosts(indollars)CContributionmarginratio=Contributionmarginpercentage×Variablecosts(indollars)DContributionmarginratio=Contributionmarginpercentage×Operatingleverage第11题Winnzsells8,000unitsresultingin100,000ofsalesrevenue,35,000ofvariablecosts,and$45,000offixedcosts.Whatistheproportionofvariablecoststototalcosts?()A45.00%B48.56%C53.56%D43.56%第12题ShineJewelrysells400unitsresultingin7,000ofsalesrevenue,3,000ofvariablecosts,and$1,500offixedcosts.Contributionmarginperunitis________.A$4.00B$11.00C$10.00D$8.00第13题ShineJewelrysells400unitsresultingin7,000ofsalesrevenue,3,000ofvariablecosts,and$1,500offixedcosts.Calculatethevariablecostperunit.()A$11.00B$7.00C$8.00D$7.50第14题NorthernStarsellsseveralproducts.Informationofaveragerevenueandcostsisasfollows:Thecompanysells12,000unitsattheendoftheyear.Thecontributionmarginperunitis________.A$11.00B$12.00C$4.00D$14.00第15题NorthernStarsellsseveralproducts.Informationofaveragerevenueandcostsisasfollows:Thecompanysells12,000unitsattheendoftheyear.Ifdirectlaboranddirectmaterialcostsincreaseby$1each,contributionmargin_______.Aincreasesby$20,000Bincreasesby$14,000Cdecreasesby$24,000Ddecreasesby$14,000第16题Theprimaryuserofmanagementaccountinginformationisa(n)________.AthecontrollerBashareholderevaluatingastockinvestmentCbondholderDexternalregulator第17题Salesmargin=Contributionmarginpercentage×Revenues(indollars).第18题ItisassumedinCVPanalysisthattheunitsellingprice,unitvariablecosts,andunitfixedcostsareknownandconstant.第19题InCVPanalysis,thegraphoftotalrevenuesversustotalcostsislinearinnaturerelationtounitssoldwithinarelevantrangeandtimeperiod.第20题Theshorterthetimehorizon,thelowerthepercentageoftotalcostsconsideredfixed.第21题Arevenuedriverisavariable,suchasvolume,thatcausallyaffectsrevenues.TheFlowsofRawMaterials第1题Amongdifferenttypesofcostsassociatedwithinventory,thecostsofobtainingpurchaseapprovalsare________.ApurchasingcostsBorderingcostsCstockoutcostsDcarryingcosts第2题Amongdifferenttypesofcostsassociatedwithinventory,theincomingfreightchargesofinventoriesare________.ApurchasingcostsBorderingcostsCstockoutcostsDcarryingcosts第3题Purchasingcostsariseinpreparingandissuingpurchaseorders,receivingandinspectingtheitemsincludedintheorders,andmatchinginvoicesreceived,purchaseorders,anddeliveryrecordstomakepayments.StockRecording第1题Perpetualinventorysystemrecordseveryreceiptandissueofstockasitoccursanditprovidesup-to-dateinventoryandCOGSrecords.()第2题StoresledgeraccountShowsarecordofreceipts,issuesandbalancesofthequantityandamountofanitemofinventory.()StockValuation第1题AdistinctivefeatureoftheFIFOprocesscostingmethodisthattheworkdoneonbeginninginventorybeforethecurrentperiodiskeptseparatefromworkdoneinthecurrentperiod.()第2题Inaperiodofrisingprices,theweighted-averagemethodwillresultinhighertaxpayments.()第3题Thefirst-in,first-outprocess-costingmethodassumesthattheearliestequivalentunitsinworkinprocessarecompletedfirst.()DirectandIndirectLabor第1题Directmaterialcostsaretheacquisitioncostsofallmaterialsthateventuallybecomepartofthecostobjectandcannotbetracedtothecostobjectinaneconomicallyfeasibleway.()第2题Directmanufacturinglaborincludesplantrentandsalariespaidtoplantsupervisors.()第3题Inventoriablecostsarereportedasaliabilityinbalancesheetwhenincurredandexpensedontheincomestatementwhentheproductissold.()RemunerationMethods第1题Whichofthefollowingdescribesthemethodofpaymentforlabourknownas'piecework’?AAfixedamountispaidperunitoftimespent,irrespectiveofoutputachievedBAfixedamountispaidperunitofoutputachieved,irrespectiveoftimespentCAfixedamountispaidperunitoftimespent,basedonoutputachievedDAfixedamountispaidperunitofoutputachieved,basedontimespent第2题Anemployeeispaidonapieceworkbasis.Thebasisofthepieceworkschemeisasfollows:1to100units-$0.25perunit101to200unit-$0.35perunit201to299unit-$0.45perunitWhichonlytheadditionalunitsqualifyingforthehigherrates.Rejectedunitsdonotqualifyforpayment.Duringaparticulardaytheemployeeproduced250unitsofwhich31wererejectedasfaulty.Whatdidtheemployeeearnfortheirday'swork?A$68.55B$82.50C$98.55D$112.50ACostcardofaproduct第1题Whichofthefollowingistrueofindirectcosts?()AIndirectcostsarealwaysconsideredsunkcosts.BAllindirectcostsareincludedincostofgoodssold.CIndirectcostsalwaysvaryindirectproportiontothelevelofp