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Manaerial Essay

  • Submitted by: mamiko
  • on October 7, 2012
  • Category: English
  • Length: 1,225 words

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Below is an essay on "Manaerial" from Anti Essays, your source for research papers, essays, and term paper examples.

Cost Accounting

Acct4210


                              Quiz 1
Students name______________________                                                         (Time 50 minute) 21.10.2009







1. Cost objects include:
        A)
products
        B)
customers
        C)
departments
        D)



All of these answers are correct.

2. A cost system determines the cost of a cost object by:
        A)
accumulating and then assigning costs
        B)
accumulating costs
        C)
assigning and then accumulating costs
        D)


3. The determination of a cost as either direct or indirect depends upon the:
        A)
accounting system
        B)
allocation system
        C)
cost tracing system
        D)
cost object chosen

4. Cost behavior refers to:
        A)
how costs react to a change in the level of activity
        B)
whether a cost is incurred in a manufacturing, merchandising, or service company
        C)
classifying costs as either inventoriable or period costs
        D)
whether a particular expense has been ethically incurred

5. Which of the following is a fixed cost for an automobile manufacturing plant?
        A)
administrative salaries
        B)
electricity used by assembly-line machines
        C)
sales commissions
                      D) windows for each car produced

6. Wheel and Tire Manufacturing currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers:

Direct materials $20
Direct manufacturing labor 3
Variable manufacturing overhead 6
Fixed manufacturing overhead 10
Total manufacturing costs $39
The plant has capacity for 3,000 tires and is considering expanding production to 2,000 tires. What is the total cost of producing 2,000 tires?
        A)
$39,000
        B)
$78,000
        C)
$68,000
        D)
$62,000
      Answer:
C [($20 + $3 + $6) × 2,000 units] + ($10 × 1,000 units) = $68,000


7. Pederson...

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  • Submitted by: mamiko
  • on October 7, 2012
  • Category: English
  • Length: 1,225 words
  • Views: 294
  • Popularity Rank: 369467
  • 1 rating(s)

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