cost acct test bank chap1112.docx

1、cost acct test bank chap1112MULTIPLE CHOICE32. Managers often cite reductions in the costs of spoilage as a(n): a. major justification for implementing a just-in-time production system b. measurement of improved output quality c. immaterial item that is not to be tracked d. indication of improvement

2、 in the accounting system Answer: a Difficulty: 2 Objective: 1 Terms to Learn: spoilage33. Unacceptable units of production that are discarded or sold for reduced prices are referred to as: a. reworked units b. spoilage c. scrap d. defective units Answer: b Difficulty: 1 Objective: 1 Terms to Learn:

3、 spoilage34. Unacceptable units of production that are subsequently repaired and sold as acceptable finished goods are: a. reworked units b. spoilage c. scrap d. defective units Answer: a Difficulty: 1 Objective: 1 Terms to Learn: rework35. Costs of poor quality production include the: a. opportunit

4、y cost of the plant and workers b. effect on current customers c. effect on potential customers d. All of these answers are correct. Answer: d Difficulty: 2 Objective: 1 Terms to Learn: spoilage36. Material left over when making a product is referred to as: a. reworked units b. spoilage c. scrap d.

5、defective units Answer: c Difficulty: 1 Objective: 1 Terms to Learn: scrap37. A production process which involves spoilage and rework occurs in: a. the manufacture of high precision tools b. semiconductor units c. the manufacture of clothing d. All of these answers are correct. Answer: a Difficulty:

6、 2 Objective: 1 Terms to Learn: spoilage, rework38. Spoilage that is an inherent result of the particular production process and arises under efficient operating conditions is referred to as: a. ordinary spoilage b. normal spoilage c. abnormal spoilage d. None of these answers is correct. Answer: b

7、Difficulty: 2 Objective: 2 Terms to Learn: normal spoilage39. Spoilage that should not arise under efficient operating conditions is referred to as: a. ordinary spoilage b. normal spoilage c. abnormal spoilage d. None of these answers is correct. Answer: c Difficulty: 2 Objective: 2 Terms to Learn:

8、abnormal spoilage40. Costs of normal spoilage are usually accounted for as: a. part of the cost of goods sold b. part of the cost of goods manufactured c. a separate line item in the income statement d. an asset in the balance sheet Answer: b Difficulty: 2 Objective: 2 Terms to Learn: normal spoilag

9、e41. Costs of abnormal spoilage are usually accounted for as: a. part of the cost of goods sold b. part of the cost of goods manufactured c. a separate line item in the income statement d. an asset in the balance sheet Answer: c Difficulty: 2 Objective: 2 Terms to Learn: abnormal spoilage42. The los

10、s from abnormal spoilage account would not appear: a. on the balance sheet b. as a detailed item in the retained earnings schedule of the balance sheet c. as a detailed item on the income statement d. Either a or b is correct. Answer: d Difficulty: 2 Objective: 2 Terms to Learn: abnormal spoilage43.

11、 Normal spoilage should be computed using as the base the: a. total units completed b. total good units completed c. total actual units started into production d. None of these answers is correct. Answer: b Difficulty: 2 Objective: 2 Terms to Learn: normal spoilage44. Companies that attempt to achie

12、ve zero defects in the manufacturing process treat spoilage as: a. scrap b. reworked units c. abnormal spoilage d. normal spoilage Answer: c Difficulty: 2 Objective: 2 Terms to Learn: abnormal spoilage45. Which one of the following conditions usually exists when comparing normal and abnormal spoilag

13、e to controllability? Normal Spoilage Abnormal Spoilage a. Controllable Controllable b. Controllable Uncontrollable c. Uncontrollable Uncontrollable d. Uncontrollable Controllable Answer: d Difficulty: 2 Objective: 2 Terms to Learn: normal spoilage, abnormal spoilage46. Not counting spoiled units in

14、 the equivalent-unit calculation results in: a. lower cost per good unit. b. higher cost per good unit c. better management information d. Both a and c are correct. Answer: b Difficulty: 2 Objective: 2 Terms to Learn: spoilage47. Recognition of spoiled units when computing output units: a. highlight

15、s the costs of normal spoilage to management b. distorts the accounting data c. focuses managements attention on reducing spoilage d. Both a and c are correct. Answer: d Difficulty: 2 Objective: 2 Terms to Learn: spoilage, normal spoilageTHE FOLLOWING INFORMATION APPLIES TO QUESTIONS 48 THROUGH 52:Astoria Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the production process. During January, the accounting department noted that there was no beginning inventory. Direct materials purchases totaled