CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
d d d d d
Test Bank For Principles Of Cost Accounting,
17th Edition Edward J. Vanderbeck
Chapters 1 - 10, Complete
CengagedLearningdTesting,dPowereddbydCogner Paged1
o
, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
d d d d d
Contents
1. Chd1:dIntroductiondtodCostdAccounting
2. Chd2:dAccountingdfordMaterials
3. Chd3:dAccountingdfordLabor
4. Chd4:dAccountingdfordFactorydOverhead
5. Chd5:dProcessdCostdAccounting-GeneraldProcedures
6. Chd6:dProcessdCostdAccounting-AdditionaldProcedures;dAccountingdfordJointdProductsdanddBy-Products
7. Chd7:dThedMasterdBudgetdanddFlexibledBudgeting
8. Chd8:dStandarddCostdAccounting-Materials,dLabor,danddFactorydOverhead
9. Chd9:dCostdAccountingdfordServicedBusinesses,dthedBalanceddScorecard,danddQualitydCosts
10. Chd10:dCostdAnalysisdfordManagementdDecisiondMaking
CengagedLearningdTesting,dPowereddbydCogner Paged2
o
,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
d d d d d
Thedbusinessdentitydthatdconvertsdpurchaseddrawdmaterialsdintodfinisheddgoodsdbydusingdlabor,dtechnology,danddfacilitiesdi
sda:
a. Manufacturer.
b. Merchandiser.
c. Servicedbusiness.
d. Not-for-profitdservicedagency.
ANSWER: a
RATIONALE:
Thedbusinessdentitydthatdconvertsdpurchaseddrawdmaterialsdintodfinisheddgoodsdbydusingdlabor,dtechn
ology,danddfacilitiesdisdadmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGdOBJECTIdVE PRIN.EDWA.16.1d-dIntroduction
S:
ACCREDITINGdSTANd AACSBdAnalytic
DARDS: ACCT.AICPA.FN.03d-
dMeasurementdBUSPROG.03d-
dAnalytic
IMA-BusinessdApplications
OTHER: Bloom's:dRemembering
2. Thedbusinessdentitydthatdpurchasesdfinisheddgoodsdfordresaledisda:
a. Manufacturer.
b. Merchandiser.
c. Servicedbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Thedbusinessdentitydthatdpurchasesdfinisheddgoodsdfordresaledisdadmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGdOBJECTIVESdPRIN.EDWA.16.1d-dIntroduction
:
ACCREDITINGdSTANDAdRD AACSBdAnalyticdACCT.AICPA.FN.03d-
S: dMeasurementd BUSPROG.03d-
dAnalytic
IMA-BusinessdApplications
OTHER: Bloom's:dRemembering
3. Thedtypedofdmerchandiserdwhodpurchasesdgoodsdfromdthedproducerdanddsellsdthemdtodretailersdthatdselldthemdto
dthed
consumerdisda:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Servicedbusiness.
ANSWER: c
CengagedLearningdTesting,dPowereddbydCogner Paged3
o
, RATIONALE: Adwholesaler
CHAPTERd1:dINTRODUCTION dpurchases
dTO dCOSTddgoods dfromdthedproducerdanddsellsdthemdtodthedretailer.
ACCOUNTING
POINTS: 1
DIFFICULTY: Easy
CengagedLearningdTesting,dPowereddbydCogner Paged4
o
d d d d d
Test Bank For Principles Of Cost Accounting,
17th Edition Edward J. Vanderbeck
Chapters 1 - 10, Complete
CengagedLearningdTesting,dPowereddbydCogner Paged1
o
, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
d d d d d
Contents
1. Chd1:dIntroductiondtodCostdAccounting
2. Chd2:dAccountingdfordMaterials
3. Chd3:dAccountingdfordLabor
4. Chd4:dAccountingdfordFactorydOverhead
5. Chd5:dProcessdCostdAccounting-GeneraldProcedures
6. Chd6:dProcessdCostdAccounting-AdditionaldProcedures;dAccountingdfordJointdProductsdanddBy-Products
7. Chd7:dThedMasterdBudgetdanddFlexibledBudgeting
8. Chd8:dStandarddCostdAccounting-Materials,dLabor,danddFactorydOverhead
9. Chd9:dCostdAccountingdfordServicedBusinesses,dthedBalanceddScorecard,danddQualitydCosts
10. Chd10:dCostdAnalysisdfordManagementdDecisiondMaking
CengagedLearningdTesting,dPowereddbydCogner Paged2
o
,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
d d d d d
Thedbusinessdentitydthatdconvertsdpurchaseddrawdmaterialsdintodfinisheddgoodsdbydusingdlabor,dtechnology,danddfacilitiesdi
sda:
a. Manufacturer.
b. Merchandiser.
c. Servicedbusiness.
d. Not-for-profitdservicedagency.
ANSWER: a
RATIONALE:
Thedbusinessdentitydthatdconvertsdpurchaseddrawdmaterialsdintodfinisheddgoodsdbydusingdlabor,dtechn
ology,danddfacilitiesdisdadmanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGdOBJECTIdVE PRIN.EDWA.16.1d-dIntroduction
S:
ACCREDITINGdSTANd AACSBdAnalytic
DARDS: ACCT.AICPA.FN.03d-
dMeasurementdBUSPROG.03d-
dAnalytic
IMA-BusinessdApplications
OTHER: Bloom's:dRemembering
2. Thedbusinessdentitydthatdpurchasesdfinisheddgoodsdfordresaledisda:
a. Manufacturer.
b. Merchandiser.
c. Servicedbusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Thedbusinessdentitydthatdpurchasesdfinisheddgoodsdfordresaledisdadmerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGdOBJECTIVESdPRIN.EDWA.16.1d-dIntroduction
:
ACCREDITINGdSTANDAdRD AACSBdAnalyticdACCT.AICPA.FN.03d-
S: dMeasurementd BUSPROG.03d-
dAnalytic
IMA-BusinessdApplications
OTHER: Bloom's:dRemembering
3. Thedtypedofdmerchandiserdwhodpurchasesdgoodsdfromdthedproducerdanddsellsdthemdtodretailersdthatdselldthemdto
dthed
consumerdisda:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Servicedbusiness.
ANSWER: c
CengagedLearningdTesting,dPowereddbydCogner Paged3
o
, RATIONALE: Adwholesaler
CHAPTERd1:dINTRODUCTION dpurchases
dTO dCOSTddgoods dfromdthedproducerdanddsellsdthemdtodthedretailer.
ACCOUNTING
POINTS: 1
DIFFICULTY: Easy
CengagedLearningdTesting,dPowereddbydCogner Paged4
o
