复习题目成本会计Word格式.docx

1、b. buildings.c. schools.d. individual student instruction.3. What is the total fixed cost of the shipping department of Elaine Co. if it has the following information for 2011?Salaries $800,000 75 percent of employees on guaranteed contractsPackaging $400,000 depending on size of item（s） shippedPost

2、age $500,000 depending on weight of item（s） shippedRent of warehouse space $250,000 annual leasea. $850,000b. $900,000c. $1,050,000d. $1,950,0004. Rosland Graphics successfully bid on a job printing standard notebook covers during the year using last years price of $0.27 per cover. This amount was c

3、alculated from prior year costs, noting that no changes in any costs had occurred from the past year to the current year. At the end of the year, the company manager was shocked to discover that the company had suffered a loss. “How could this be?” she exclaimed. “We had no increases in cost and our

4、 price was the same as last year. Last year we had a healthy income.” What could explain the companys loss in income this current year?a. Their costs were all variable costs and the amount produced and sold increased.b. Their costs were mostly fixed costs and the amount produced this year was less t

5、han last year.c. They used a different cost object this year than the previous year.d. Their costs last year were actual costs but they used budgeted costs to make their bids.5. Which type of company converts raw materials into finished products?a. Not-for-profitb. Servicec. Merchandisingd. Manufact

6、uring6. The three categories of inventories commonly found in many manufacturing companies are:a. Direct materials, direct labor, and indirect manufacturing costs.b. Purchased goods, period costs, and cost of goods sold.c. Direct materials, work-in-process, and finished goods.d. LIFO, FIFO, and weig

7、hted average.7. Inventoriable costs area. only purchased goods for resale.b. a category of costs used only for manufacturing companies.c. recorded as expenses when incurred and later reclassified as assets.d. recorded as assets when incurred.8. Period costs area. all costs in the income statement ot

8、her than cost of goods sold.b. defined as manufacturing costs incurred this period on the schedule of cost of goods manufactured.c. always recorded as assets when first incurred.d. those costs that benefit future periods.9. The cost of a product can be measured as any of the following except as onea

9、. gathered from all areas of the value chain.b. identified as period cost.c. designated as manufacturing cost only.d. explicitly defined by contract.10. The primary focus of cost management is toa. help managers make different decisions.b. calculate product costs.c. aid managers in budgeting.d. dist

10、inguish between relevant and irrelevant information.SOLUTIONS 1. a2. d3. a4. b5. c6. c7. d8. a9. b10. aCalculations3. Fixed costs = （800,000） 75% + 250,000 = $850,000Chapter 31. A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has t

11、he value 200, what is the value of the slope coefficient?a. $200b. $400c. $600d. $40,0002. CMA Adapted Of the following methods, the one that would not be appropriate for analyzing how a specific cost behaves isa. the scattergraph method.b. the industrial engineering approach.c. linear programming.d

12、. statistical regression analysis.3. When the high-low method is used to estimate a cost function, the variable cost per unit is found bya. performing regression analysis on the associated cost and cost driver database.b. subtracting the fixed cost per unit from the total cost per unit based on eith

13、er the highest or lowest observation of the cost driver.c. dividing the difference between the highest and lowest observations of the cost driver by the difference between costs associated with the highest and lowest observations of the cost driver.d. dividing the difference between costs associated

14、 with the highest and lowest observations of the cost driver by the difference between the highest and lowest observations of the cost driver.The following data apply to questions 4 and 5.Tory Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost.y = $80,000 + $12X where: y = monthly manufacturing overhead costX = machine-hoursThe standard error of estimate of the regression is $6,000.The standard time required to manufacture one six-unit case of Torys single product is four machine-hours