TestBankfor
h h
ManagerialAccounting f
h h
or Managers 5th Edition
h h h h
By Noreen
h
,Test Bank h
forManageriahh
lAccountingf
h h
orManagers 5
h h
thEditionBy
h h h
Noreen
,ManagerialhAccountinghforhManagers,h5eh(Noreen)hCha
pterh1 ManagerialhAccountinghandhCosthConcepts
1) Ahfactoryhsupervisor'shsalaryhwouldhbehclassifiedhashanhindirecthcosthwithhrespecthtohahunithofhp
roduct.
Answer:h TRUEhDiffi
culty:h2hMedium
Topic:h h CosthClassificationshforhAssigninghCostshtohCosthObjects
LearninghObjective:h 01-
01hUnderstandhcosthclassificationshusedhforhassigninghcostshtohcosthobjects:hdirecthcostshandhindirecth
costs.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
2) Ahdirecthcosthishahcosththathcanhbeheasilyhtracedhtohthehparticularhcosthobjecthunderhc
onsideration.
Answer:h TRUEhDiffi
culty:h1hEasy
Topic:h h CosthClassificationshforhAssigninghCostshtohCosthObjects
LearninghObjective:h 01-
01hUnderstandhcosthclassificationshusedhforhassigninghcostshtohcosthobjects:hdirecthcostshandhindirecth
costs.
Bloom's:h Rememberh AACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
3) Ahcosthcanhbehdirecthorhindirect.hThehclassificationhcanhchangehifhthehcosthobjecthchanges.
Answer:h TRUEhDiffi
culty:h2hMedium
Topic:h h CosthClassificationshforhAssigninghCostshtohCosthObjects
LearninghObjective:h 01-
01hUnderstandhcosthclassificationshusedhforhassigninghcostshtohcosthobjects:hdirecthcostshandhindirecth
costs.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
, 4) Wageshpaidhtohproductionhsupervisorshwouldhbehclassifiedhashmanufacturinghoverhead.
Answer:h TRUEhDiffi
culty:h1hEasy
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
5) Sellinghcostsharehindirecthcosts.
Answer:h FALSEhDif
ficulty:h2hMedium
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h Rememberh AACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
6) Thehsumhofhallhmanufacturinghcostshexcepthforhdirecthmaterialshandhdirecthlaborhishcalledh
manufacturinghoverhead.
Answer:h TRUEhDiffi
culty:h2hMedium
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
7) Thehthreehcosthelementshordinarilyhincludedhinhproducthcostsharehdirecthmaterials,hdirecthlabor,ha
ndhmanufacturinghoverhead.
Answer:h TRUEhDiffi
culty:h1hEasy
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h Rememberh AACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
8) Administrativehcostsharehindirecthcosts.
h h
ManagerialAccounting f
h h
or Managers 5th Edition
h h h h
By Noreen
h
,Test Bank h
forManageriahh
lAccountingf
h h
orManagers 5
h h
thEditionBy
h h h
Noreen
,ManagerialhAccountinghforhManagers,h5eh(Noreen)hCha
pterh1 ManagerialhAccountinghandhCosthConcepts
1) Ahfactoryhsupervisor'shsalaryhwouldhbehclassifiedhashanhindirecthcosthwithhrespecthtohahunithofhp
roduct.
Answer:h TRUEhDiffi
culty:h2hMedium
Topic:h h CosthClassificationshforhAssigninghCostshtohCosthObjects
LearninghObjective:h 01-
01hUnderstandhcosthclassificationshusedhforhassigninghcostshtohcosthobjects:hdirecthcostshandhindirecth
costs.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
2) Ahdirecthcosthishahcosththathcanhbeheasilyhtracedhtohthehparticularhcosthobjecthunderhc
onsideration.
Answer:h TRUEhDiffi
culty:h1hEasy
Topic:h h CosthClassificationshforhAssigninghCostshtohCosthObjects
LearninghObjective:h 01-
01hUnderstandhcosthclassificationshusedhforhassigninghcostshtohcosthobjects:hdirecthcostshandhindirecth
costs.
Bloom's:h Rememberh AACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
3) Ahcosthcanhbehdirecthorhindirect.hThehclassificationhcanhchangehifhthehcosthobjecthchanges.
Answer:h TRUEhDiffi
culty:h2hMedium
Topic:h h CosthClassificationshforhAssigninghCostshtohCosthObjects
LearninghObjective:h 01-
01hUnderstandhcosthclassificationshusedhforhassigninghcostshtohcosthobjects:hdirecthcostshandhindirecth
costs.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
, 4) Wageshpaidhtohproductionhsupervisorshwouldhbehclassifiedhashmanufacturinghoverhead.
Answer:h TRUEhDiffi
culty:h1hEasy
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
5) Sellinghcostsharehindirecthcosts.
Answer:h FALSEhDif
ficulty:h2hMedium
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h Rememberh AACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
6) Thehsumhofhallhmanufacturinghcostshexcepthforhdirecthmaterialshandhdirecthlaborhishcalledh
manufacturinghoverhead.
Answer:h TRUEhDiffi
culty:h2hMedium
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h UnderstandhAACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
7) Thehthreehcosthelementshordinarilyhincludedhinhproducthcostsharehdirecthmaterials,hdirecthlabor,ha
ndhmanufacturinghoverhead.
Answer:h TRUEhDiffi
culty:h1hEasy
Topic:h h CosthClassificationshforhManufacturinghCompanies
LearninghObjective:h 01-
02hIdentifyhandhgivehexampleshofheachhofhthehthreehbasichmanufacturinghcosthcategories.
Bloom's:h Rememberh AACSB
:h ReflectivehThinking
AICPA:h h BBhCriticalhThinking;hFNhMeasurement
8) Administrativehcostsharehindirecthcosts.
