复习题目成本会计Word格式.docx

复习题目成本会计Word格式.docx

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b.buildings.

c.schools.

d.individualstudentinstruction.

3.WhatisthetotalfixedcostoftheshippingdepartmentofElaineCo.ifithasthefollowinginformationfor2011?

Salaries$800,00075percentofemployeesonguaranteedcontracts

Packaging$400,000dependingonsizeofitem（s）shipped

Postage$500,000dependingonweightofitem（s）shipped

Rentofwarehousespace$250,000annuallease

a.$850,000

b.$900,000

c.$1,050,000

d.$1,950,000

4.RoslandGraphicssuccessfullybidonajobprintingstandardnotebookcoversduringtheyearusinglastyear’spriceof$0.27percover.Thisamountwascalculatedfromprioryearcosts,notingthatnochangesinanycostshadoccurredfromthepastyeartothecurrentyear.Attheendoftheyear,thecompanymanagerwasshockedtodiscoverthatthecompanyhadsufferedaloss.“Howcouldthisbe?

”sheexclaimed.“Wehadnoincreasesincostandourpricewasthesameaslastyear.Lastyearwehadahealthyincome.”Whatcouldexplainthecompany’slossinincomethiscurrentyear?

a.Theircostswereallvariablecostsandtheamountproducedandsoldincreased.

b.Theircostsweremostlyfixedcostsandtheamountproducedthisyearwaslessthanlastyear.

c.Theyusedadifferentcostobjectthisyearthanthepreviousyear.

d.Theircostslastyearwereactualcostsbuttheyusedbudgetedcoststomaketheirbids.

5.Whichtypeofcompanyconvertsrawmaterialsintofinishedproducts?

a.Not-for-profit

b.Service

c.Merchandising

d.Manufacturing

6.Thethreecategoriesofinventoriescommonlyfoundinmanymanufacturingcompaniesare:

a.Directmaterials,directlabor,andindirectmanufacturingcosts.

b.Purchasedgoods,periodcosts,andcostofgoodssold.

c.Directmaterials,work-in-process,andfinishedgoods.

d.LIFO,FIFO,andweightedaverage.

7.Inventoriablecostsare

a.onlypurchasedgoodsforresale.

b.acategoryofcostsusedonlyformanufacturingcompanies.

c.recordedasexpenseswhenincurredandlaterreclassifiedasassets.

d.recordedasassetswhenincurred.

8.Periodcostsare

a.allcostsintheincomestatementotherthancostofgoodssold.

b.definedasmanufacturingcostsincurredthisperiodonthescheduleofcostofgoodsmanufactured.

c.alwaysrecordedasassetswhenfirstincurred.

d.thosecoststhatbenefitfutureperiods.

9.Thecostofaproductcanbemeasuredasanyofthefollowingexceptasone

a.gatheredfromallareasofthevaluechain.

b.identifiedasperiodcost.

c.designatedasmanufacturingcostonly.

d.explicitlydefinedbycontract.

10.Theprimaryfocusofcostmanagementisto

a.helpmanagersmakedifferentdecisions.

b.calculateproductcosts.

c.aidmanagersinbudgeting.

d.distinguishbetweenrelevantandirrelevantinformation.

SOLUTIONS

1.a

2.d

3.a

4.b

5.c

6.c

7.d

8.a

9.b

10.a

Calculations

3.Fixedcosts=（800,000）⨯75%+250,000=$850,000

Chapter3

1.Amixedcostfunctionhasaconstantcomponentof$20,000.Ifthetotalcostis$60,000andtheindependentvariablehasthevalue200,whatisthevalueoftheslopecoefficient?

a.$200

b.$400

c.$600

d.$40,000

2.[CMAAdapted]Ofthefollowingmethods,theonethatwouldnotbeappropriateforanalyzinghowaspecificcostbehavesis

a.thescattergraphmethod.

b.theindustrialengineeringapproach.

c.linearprogramming.

d.statisticalregressionanalysis.

3.Whenthehigh-lowmethodisusedtoestimateacostfunction,thevariablecostperunitisfoundby

a.performingregressionanalysisontheassociatedcostandcostdriverdatabase.

b.subtractingthefixedcostperunitfromthetotalcostperunitbasedoneitherthehighestorlowestobservationofthecostdriver.

c.dividingthedifferencebetweenthehighestandlowestobservationsofthecostdriverbythedifferencebetweencostsassociatedwiththehighestandlowestobservationsofthecostdriver.

d.dividingthedifferencebetweencostsassociatedwiththehighestandlowestobservationsofthecostdriverbythedifferencebetweenthehighestandlowestobservationsofthecostdriver.

Thefollowingdataapplytoquestions4and5.

ToryCompanyderivedthefollowingcostrelationshipfromaregressionanalysisofitsmonthlymanufacturingoverheadcost.

y=$80,000+$12Xwhere:

y=monthlymanufacturingoverheadcost

X=machine-hours

Thestandarderrorofestimateoftheregressionis$6,000.

Thestandardtimerequiredtomanufactureonesix-unitcaseofTory’ssingleproductisfourmachine-hours