chapter 2 - test bank

《chapter 2 - test bank》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、CostAccounting,14e(Horngren/Datar/Rajan)Chapter2AnIntroductiontoCostTermsandPurposesObjective2.11)Costobjectsinclude:A)productsB)customersC)departmentsD)Alloftheseanswersarecorrect.Answer:DDiff:2Terms:costobjectObjective:1AACSB:Reflectivethinking2)Actualcostsare:A)thecostsi

2、ncurredB)budgetedcostsC)estimatedcostsD)forecastedcostsAnswer:ADiff:1Terms:actualcostingObjective:1AACSB:Reflectivethinking3)Thegeneraltermusedtoidentifyboththetracingandtheallocationofaccumulatedcoststoacostobjectis:A)costaccumulationB)costassignmentC)costtracingD)conversi

3、oncostingAnswer:BDiff:1Terms:costassignmentObjective:1AACSB:Reflectivethinking4)Inordertomakedecisions,managersneedtoknow:A)actualcostsB)budgetedcostsC)bothcostsD)neithercostAnswer:CDiff:1Terms:budgetedcostsObjective:1AACSB:Ethicalreasoning68Copyright©2012PearsonEducation,I

4、nc.5)Thecollectionofaccountingdatainsomeorganizedwayis:A)costaccumulationB)costassignmentC)costtracingD)conversioncostingAnswer:ADiff:1Terms:costaccumulationObjective:1AACSB:Reflectivethinking6)Budgetedcostsare:A)thecostsincurredthisyearB)thecostsincurredlastyearC)plannedor

5、forecastedcostsD)competitor'scostsAnswer:CDiff:2Terms:budgetedcostsObjective:1AACSB:Reflectivethinking7)Costassignment:A)isalwaysarbitraryB)isincludestracingandallocatingC)isthesameascostaccumulationD)isfindingthedifferencebetweenbudgetedandactualcostsAnswer:BDiff:2Terms:co

6、stassignmentObjective:1AACSB:Reflectivethinking8)Acostsystemdeterminesthecostofacostobjectby:A)accumulatingandthenassigningcostsB)accumulatingcostsC)assigningandthenaccumulatingcostsD)assigningcostsAnswer:ADiff:2Terms:costaccumulationObjective:1AACSB:Reflectivethinking68Cop

7、yright©2012PearsonEducation,Inc.9)Products,services,departments,andcustomersmaybecostobjects.Answer:TRUEDiff:1Terms:costobjectObjective:1AACSB:Reflectivethinking10)Costsareaccountedforintwobasicstages:assignmentfollowedbyaccumulation.Answer:FALSEExplanation:Costsareaccounte

8、dforintwobasicstages:accumulationfollowedbyassignment.Diff:1Terms:costaccumulation