cost acct test bank chapter 15.docx
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costaccttestbankchapter15
CostAccounting,14e（Horngren/Datar/Rajan）
Chapter15AllocationofSupport-DepartmentCosts,CommonCosts,andRevenues
Objective15.1
1）Themethodthatallocatescostsineachcostpoolusingthesamerateperunitisknownasthe:
A）incrementalcost-allocationmethod
B）reciprocalcost-allocationmethod
C）single-ratecostallocationmethod
D）dual-ratecost-allocationmethod
Answer:
C
Diff:
2
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Reflectivethinking
2）Thedual-ratecost-allocationmethodclassifiescostsineachcostpoolintoa:
A）budgeted-costpoolandanactual-costpool
B）variable-costpoolandafixed-costpool
C）used-capacity-costpoolandapractical-capacity-costpool
D）direct-costpoolandareciprocal-costpool
Answer:
B
Diff:
1
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Reflectivethinking
3）Thesingle-ratecost-allocationmethodmaybasethedenominatorchoiceon:
A）master-budgetcapacityutilization
B）normalcapacityutilization
C）practicalcapacity
D）Alloftheseanswersarecorrect.
Answer:
D
Diff:
2
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Reflectivethinking
4）Whenusingthesingle-ratemethod,fixedcostallocationmaybebasedon:
A）actualusage
B）budgetedusage
C）incrementalcostallocation
D）EitherAorBarecorrect.
Answer:
D
Diff:
1
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Reflectivethinking
5）Benefitsofthesingle-ratemethodinclude:
A）itiseasiertocalculate
B）fixedcoststhataretransformedintovariablecostsforuserdecisionmaking
C）signalsregardinghowvariableandfixedcostsbehavedifferently
D）informationthatleadstooutsourcingdecisionsthatbenefittheorganizationasawhole
Answer:
A
Diff:
3
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Reflectivethinking
6）Benefitsofthedual-ratemethodinclude:
A）variablecoststhataretransformedintofixedcostsforuserdecisionmaking
B）thelowcostofimplementation
C）avoidanceofexpensiveanalysisforcategorizingcostsaseitherfixedorvariable
D）informationthatleadstooutsourcingdecisionsthatbenefittheorganizationasawhole
Answer:
D
Diff:
3
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Reflectivethinking
7）Theadvantageofusingpracticalcapacitytoallocatecosts:
A）isthatitallowsadownwarddemandspiraltodevelop
B）isthatitfocusesmanagement'sattentiononmanagingunusedcapacity
C）isthatbudgetsaremucheasiertodevelop
D）EitherAorBarecorrect.
Answer:
B
Diff:
3
Terms:
supportdepartment
Objective:
1
AACSB:
Reflectivethinking
Answerthefollowingquestionsusingtheinformationbelow:
TheCharmatzCorporationhasacentralcopyingfacility.Thecopyingfacilityhasonlytwousers,theMarketingDepartmentandtheOperationsDepartment.Thefollowingdataapplytothecomingbudgetyear:
Budgetedcostsofoperatingthecopyingfacility
for400,000to600,000copies:
Fixedcostsperyear$60,000
Variablecosts3cents（.03）percopy
Budgetedlong-runusageincopiesperyear:
MarketingDepartment120,000copies
OperationsDepartment380,000copies
Budgetedamountsareusedtocalculatetheallocationrates.
ActualusagefortheyearbytheMarketingDepartmentwas80,000copiesandbytheOperationsDepartmentwas360,000copies.
8）Ifasingle-ratecost-allocationmethodisused,whatamountofcopyingfacilitycostswillbebudgetedfortheMarketingDepartment?
A）$18,000
B）$3,600
C）$14,400
D）$16,800
Answer:
A
Explanation:
A）[（120,000/（120,000+380,000））×$60,000]+（120,000×$0.03）=$18,000
Diff:
2
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
9）Ifasingle-ratecost-allocationmethodisused,whatamountofcopyingfacilitycostswillbeallocatedtotheMarketingDepartment?
Assumeactualusageisusedtoallocatecopyingcosts.
A）$16,800
B）$18,000
C）$12,000
D）$9,600
Answer:
C
Explanation:
C）[（120,000）/（120,000+380,000））×$60,000]+（120,000×$0.03）=$18,000
$18,000/120,000copies=$0.15percopy×80,000=$12,000
Diff:
3
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
10）Ifadual-ratecost-allocationmethodisused,whatamountofcopyingfacilitycostswillbebudgetedfortheOperationsDepartment?
A）$57,000
B）$56,400
C）$60,490
D）$59,890
Answer:
A
Explanation:
A）[（380,000）/（120,000+380,000））×$60,000]+（380,000×$0.03）=$57,000
Diff:
2
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
11）Ifadual-ratecost-allocationmethodisused,whatamountofcopyingfacilitycostswillbeallocatedtotheOperationsDepartment?
Assumebudgetedusageisusedtoallocatefixedcopyingcostsandactualusageisusedtoallocatevariablecopyingcosts.
A）$60,490
B）$59,890
C）$57,000
D）$56,400
Answer:
D
Explanation:
D）[（380,000）/（120,000+380,000））×$60,000]+（360,000×$0.03）=56,400
Diff:
3
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
Answerthefollowingquestionsusingtheinformationbelow:
TheQuickjetAircraftCorporationhasacentralmaterialslaboratory.Thelaboratoryhasonlytwousers,theLargePlaneDepartmentandtheSmallPlaneDepartment.Thefollowingdataapplytothecomingbudgetyear:
Budgetedcostsofoperatingthematerialslaboratory
for100,000to200,000technicianhoursperyear:
Fixedcostsperyear$6,000,000
Variablecosts$80pertechnicianhour
Budgetedlong-runusageinhoursperyear:
LargePlaneDepartment90,000technicianhours
SmallPlaneDepartment70,000technicianhours
Budgetedamountsareusedtocalculatetheallocationrates.
ActualusagefortheyearbytheLargePlaneDepartmentwas60,000technicianhoursandbytheSmallPlaneDepartmentwas65,000technicianhours.
12）Ifasingle-ratecost-allocationmethodisused,whatistheallocationrateperhourused?
A）$80.00
B）$117.50
C）$146.67
D）$100.00
Answer:
B
Explanation:
B）（$6,000,000+（$160,000hours×$80））/160,000hours=$117.50/perhourused
Diff:
2
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
13）Ifadual-ratecost-allocationmethodisused,whatamountofmaterialslaboratorycostswillbebudgetedfortheLargePlaneDepartment?
A）$10,575,000
B）$8,225,000
C）$18,800,000
D）$16,000,000
Answer:
A
Explanation:
A）[（90,000/（90,000+70,000））×$6,000,000]+（90,000×$80）=$10,575,000
Diff:
2
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
14）Ifasingle-ratecost-allocationmethodisused,whatamountofmaterialslaboratorycostswillbeallocatedtotheLargePlaneDepartment?
Assumeactualusageisusedtoallocatecopyingcosts.
A）$10,575,000
B）$8,225,000
C）$7,637,500
D）$7,050,000
Answer:
D
Explanation:
D）（$6,000,000+（160,000hours×$80））/160,000hours=$117.50/perhourused
$117.50perhour×60,000=$7,050,000
Diff:
3
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
15）Ifadual-ratecost-allocationmethodisused,whatamountofmaterialslaboratorycostswillbeallocatedtotheLargePlaneDepartment?
Assumebudgetedusageisusedtoallocatefixedmaterialslaboratorycostsandactualusageisusedtoallocatevariablematerialslaboratorycosts.
A）$7,825,000
B）$8,175,000
C）$8,225,000
D）$7,050,000
Answer:
B
Explanation:
B）[（90,000/（90,000+70,000））×$6,000,000]+（60,000×$80）=$8,175,000
Diff:
3
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
16）Ifadual-ratecost-allocationmethodisused,whatamountofmaterialslaboratorycostswillbebudgetedfortheSmallPlaneDepartment?
A）$10,575,000
B）$7,637,500
C）$7,050,000
D）$8,225,000
Answer:
D
Explanation:
D）[（70,000/（90,000+70,000））×$6,000,000]+（70,000×$80）=$8,225,000
Diff:
2
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
17）Ifadual-ratecost-allocationmethodisused,whatamountofmaterialslaboratorycostswillbeallocatedtotheSmallPlaneDepartment?
Assumebudgetedusageisusedtoallocatematerialslaboratorycostsandactualusageisusedtoallocatevariablematerialslaboratorycosts.
A）$8,225,000
B）$7,825,000
C）$8,175,000
D）$7,637,500
Answer:
B
Explanation:
B）[（70,000/（90,000+70,000））×$6,000,000]+（65,000×$80）=$7,825,000
Diff:
3
Terms:
dual-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
Answerthefollowingquestionsusingtheinformationbelow:
TheLaserlightCorporationoperatesonecentralplantthathastwodivisions,theFlashlightDivisionandtheNightLightDivision.Thefollowingdataapplytothecomingbudgetyear:
Budgetedcostsofoperatingtheplantfor2,000to3,000hours:
Fixedoperatingcostsperyear$450,000
Variableoperatingcosts$600perhour
Budgetedlong-runusageperyear:
FlashlightDivision2,000hours
NightLightDivision500hours
Practicalcapacity3,000hours
Assumethatpracticalcapacityisusedtocalculatetheallocationrates.
ActualusagefortheyearbytheFlashlightDivisionwas1,400hoursandbytheNightLightDivisionwas600hours.
18）Ifasingle-ratecost-allocationmethodisused,whatamountofoperatingcostswillbebudgetedfortheFlashlightDivision?
A）$1,500,000
B）$1,560,000
C）$1,140,000
D）$1,410,000
Answer:
A
Explanation:
A）[（2,000/3,000）×$450,000]+（2,000×$600）=$1,500,000
Diff:
2
Terms:
single-ratecost-allocationmethod
Objective:
1
AACSB:
Analyticalskills
19）Ifasingle-ratecost-allocationmethodisused,whatamountofcostwillbe
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