cost acct test bank chap1112.docx

cost acct test bank chap1112.docx

《cost acct test bank chap1112.docx》由会员分享，可在线阅读，更多相关《cost acct test bank chap1112.docx（38页珍藏版）》请在冰豆网上搜索。

costaccttestbankchap1112

MULTIPLECHOICE

32.Managersoftencitereductionsinthecostsofspoilageasa（n）:

a.majorjustificationforimplementingajust-in-timeproductionsystem

b.measurementofimprovedoutputquality

c.immaterialitemthatisnottobetracked

d.indicationofimprovementintheaccountingsystem

Answer:

aDifficulty:

2Objective:

1

TermstoLearn:

spoilage

33.Unacceptableunitsofproductionthatarediscardedorsoldforreducedpricesarereferredtoas:

a.reworkedunits

b.spoilage

c.scrap

d.defectiveunits

Answer:

bDifficulty:

1Objective:

1

TermstoLearn:

spoilage

34.Unacceptableunitsofproductionthataresubsequentlyrepairedandsoldasacceptablefinishedgoodsare:

a.reworkedunits

b.spoilage

c.scrap

d.defectiveunits

Answer:

aDifficulty:

1Objective:

1

TermstoLearn:

rework

35.Costsofpoorqualityproductionincludethe:

a.opportunitycostoftheplantandworkers

b.effectoncurrentcustomers

c.effectonpotentialcustomers

d.Alloftheseanswersarecorrect.

Answer:

dDifficulty:

2Objective:

1

TermstoLearn:

spoilage

36.Materialleftoverwhenmakingaproductisreferredtoas:

a.reworkedunits

b.spoilage

c.scrap

d.defectiveunits

Answer:

cDifficulty:

1Objective:

1

TermstoLearn:

scrap

37.Aproductionprocesswhichinvolvesspoilageandreworkoccursin:

a.themanufactureofhighprecisiontools

b.semiconductorunits

c.themanufactureofclothing

d.Alloftheseanswersarecorrect.

Answer:

aDifficulty:

2Objective:

1

TermstoLearn:

spoilage,rework

38.Spoilagethatisaninherentresultoftheparticularproductionprocessandarisesunderefficientoperatingconditionsisreferredtoas:

a.ordinaryspoilage

b.normalspoilage

c.abnormalspoilage

d.Noneoftheseanswersiscorrect.

Answer:

bDifficulty:

2Objective:

2

TermstoLearn:

normalspoilage

39.Spoilagethatshouldnotariseunderefficientoperatingconditionsisreferredtoas:

a.ordinaryspoilage

b.normalspoilage

c.abnormalspoilage

d.Noneoftheseanswersiscorrect.

Answer:

cDifficulty:

2Objective:

2

TermstoLearn:

abnormalspoilage

40.Costsofnormalspoilageareusuallyaccountedforas:

a.partofthecostofgoodssold

b.partofthecostofgoodsmanufactured

c.aseparatelineitemintheincomestatement

d.anassetinthebalancesheet

Answer:

bDifficulty:

2Objective:

2

TermstoLearn:

normalspoilage

41.Costsofabnormalspoilageareusuallyaccountedforas:

a.partofthecostofgoodssold

b.partofthecostofgoodsmanufactured

c.aseparatelineitemintheincomestatement

d.anassetinthebalancesheet

Answer:

cDifficulty:

2Objective:

2

TermstoLearn:

abnormalspoilage

42.Thelossfromabnormalspoilageaccountwouldnotappear:

a.onthebalancesheet

b.asadetaileditemintheretainedearningsscheduleofthebalancesheet

c.asadetaileditemontheincomestatement

d.Eitheraorbiscorrect.

Answer:

dDifficulty:

2Objective:

2

TermstoLearn:

abnormalspoilage

43.Normalspoilageshouldbecomputedusingasthebasethe:

a.totalunitscompleted

b.totalgoodunitscompleted

c.totalactualunitsstartedintoproduction

d.Noneoftheseanswersiscorrect.

Answer:

bDifficulty:

2Objective:

2

TermstoLearn:

normalspoilage

44.Companiesthatattempttoachievezerodefectsinthemanufacturingprocesstreatspoilageas:

a.scrap

b.reworkedunits

c.abnormalspoilage

d.normalspoilage

Answer:

cDifficulty:

2Objective:

2

TermstoLearn:

abnormalspoilage

45.Whichoneofthefollowingconditionsusuallyexistswhencomparingnormalandabnormalspoilagetocontrollability?

NormalSpoilageAbnormalSpoilage

a.ControllableControllable

b.ControllableUncontrollable

c.UncontrollableUncontrollable

d.UncontrollableControllable

Answer:

dDifficulty:

2Objective:

2

TermstoLearn:

normalspoilage,abnormalspoilage

46.Notcountingspoiledunitsintheequivalent-unitcalculationresultsin:

a.lowercostpergoodunit.

b.highercostpergoodunit

c.bettermanagementinformation

d.Bothaandcarecorrect.

Answer:

bDifficulty:

2Objective:

2

TermstoLearn:

spoilage

47.Recognitionofspoiledunitswhencomputingoutputunits:

a.highlightsthecostsofnormalspoilagetomanagement

b.distortstheaccountingdata

c.focusesmanagement'sattentiononreducingspoilage

d.Bothaandcarecorrect.

Answer:

dDifficulty:

2Objective:

2

TermstoLearn:

spoilage,normalspoilage

THEFOLLOWINGINFORMATIONAPPLIESTOQUESTIONS48THROUGH52:

AstoriaComputerSystems,Inc.,manufacturesprintercircuitcards.Alldirectmaterialsareaddedattheinceptionoftheproductionprocess.DuringJanuary,theaccountingdepartmentnotedthattherewasnobeginninginventory.Directmaterialspurchasestotaled