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Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verified Latest Edition $15.99   Add to cart

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Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verified Latest Edition

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  • Undamentals Of Cost Accounting 7th Edition, Lanen

Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verified Latest Edition Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verifie...

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  • Undamentals of Cost Accounting 7th Edition, Lanen
  • Undamentals of Cost Accounting 7th Edition, Lanen
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TEST BANK
Fundamentals of Cost Accounting, 7th Edition
by Lanen & Maher Chapters 1 - 18




Versionz1 1

,TABLE OF CONTENTS
z z z




INTRODUCTIONzANDzOVERVIEW
ChapterzOne:zCostzAccounting:zInformationzforzDecisionzMaking
ChapterzTwo:zCostzConceptszandzBehavior


COSTzANALYSISzANDzESTIMATION
ChapterzThree:zFundamentalszofzCost-Volume-ProfitzAnalysis
ChapterzFour:zFundamentalszofzCostzAnalysiszforzDecisionzMaking
ChapterzFive:zCostzEstimation


COSTzMANAGEMENTzSYSTEMS
ChapterzSix:zFundamentalszofzProductzandzServicezCosting
ChapterzSeven:zJobzCosting
ChapterzEight:zProcesszCosting
ChapterzNine:zActivity-BasedzCosting
ChapterzTen:zFundamentalszofzCostzManagement
ChapterzEleven:zServicezDepartmentzandzJointzCostzAllocation


MANAGEMENTzCONTROLzSYSTEMS
ChapterzTwelve:zFundamentalszofzManagementzControlzSystems
ChapterzThirteen:zPlanningzandzBudgeting
ChapterzFourteen:zBusinesszUnitzPerformancezMeasurement
ChapterzFifteen:zTransferzPricing
ChapterzSixteen:zFundamentalszofzVariancezAnalysis
ChapterzSeventeen:zAdditionalzTopicszinzVariancezAnalysis
ChapterzEighteen:zPerformancezMeasurementztozSupportzBusinesszStrategy z




Versionz1 2

,Chapter 01 7z z


ez




Answers at the end of each chapter
z z z z z z




1) CarleyzIncorporatedzincurszmanyztypeszofzcostszinzitszoperations.zPlaceztheznumber
zofzthezappropriatezstagezinzthezvaluezchainzinzColumnz2zinzthezblankznextztozeachzcostzinzC


olumnz1.
Cost StagezinzthezValuezChain

Transportationzcostsztozshipzvansztozcustomer 1. CustomerzService
s
Laborzcostszforzfactoryzworkers 2.zDistribution

Overtimezcostszforzscientistszworkingzonznewzengin 3. Researchz&zD
eztechnology evelopment
Utilitieszcostzforzthezdesignztestingzcenter 4. Marketing
Costsztozsurveyzcustomerszaboutztheirzsatisfaction
5. Production
Costsztozsponsorzazsportingzevent 6.zDesign




2) SuperMaxziszanzintegratedzproviderzofzgeneticallyzengineeredzcorn.zManyztypeszof
zcostszarezincurredzinzitszoperations.zPlaceztheznumberzofzthezappropriatezstagezinzthezval


uezchainzinzColumnz2zinzthezblankznextztozeachzcostzinzColumnz1.
Cost StagezinzthezValue
Chain
Warehousezcostsztozstorezseedzawaitingzshipme 1. CustomerzService
ntztozcustomers
Utilityzcostszforzseedzmill 2.zDistribution

Equipmentzcostszinzgeneticszlaboratory 3.zResearchz&
Development
Laborzcostsztozstaffzhelp-linezcallzcenterz z 4.zMarketing

Costsztozpreparezadvertisingzcampaignzinznationalza 5. Production
griculturezmagazine
Costsztozcontractzwithzgrowersztozprovidezseed 6. Design
Versionz1 3

, 3) Travon'szLimozServicezprovidesztransportationzserviceszinzandzaroundzBentonville.
zItszprofitszhavezbeenzdeclining,zandzmanagementziszplanningztozaddzazpackagezdeliveryzs


ervicezthatziszexpectedztozincreasezrevenuezbyz$275,000zperzyear.zTheztotalzcostztozleasez
additionalzdeliveryzvehicleszfromzthezlocalzdealerzisz$60,000zperzyear.zThezpresentzmanag
erzwillzcontinueztozsupervisezallzservices.zHowever,zlaborzandzutilitieszcostszwillzincreasezb
yz40%zandzrentzandzotherzcostszwillzincreasezbyz15%zwhenzthezpackagezdeliveryzservicezis
zadded.




Travon’szLimozServicezAnnu
alzIncomezStatement
Before Expansion
SaleszRevenue $z960,000

Costs:

VehiclezLeases $z400,000

Labor 290,000

Utilities 50,000

Rent 100,000

OtherzCosts 60,000

Manager’szSalary 120,000

TotalzCosts 1,020,000

OperatingzProfitz(Loss) $z(60,000)



a. Preparezazreportzofzthezdifferentialzcostszandzrevenueszifzthezdeliveryzserviceziszadded.
b. Shouldzmanagementzstartzupzthezdeliveryzservice?zExplainzyourzanswer.




Versionz1 4

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