TEST BANK For Principles Of Cost Accounting, 17th Edition by Edward J. Vanderbeck, Verified Chapters 1 - 10, Complete Newest Version TEST BANK For Principles Of Cost Accounting, 17th Edition by Edward J. Vanderbeck, Verified Chapters 1 - 10, Complete Newest Version 1. Ch 1: Introduction to Cost Acc...
a. Manufacturer.
b. Merchandiser.
c. Serviceabusiness.
d. Not-for-profitaserviceaagency.
ANSWER: a
RATIONALE:
Theabusinessaentityathataconvertsapurchasedarawamaterialsaintoafinishedagoodsabyausingalabor,atechno
logy,aandafacilitiesaisaaamanufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNINGaOBJECTIaVE PRIN.EDWA.16.1a-aIntroduction
S:
ACCREDITINGaSTANa AACSBaAnalytic
DARDS: ACCT.AICPA.FN.03a-
aMeasurementaBUSPROG.03a-
2. Theabusinessaentityathatapurchasesafinishedagoodsaforaresaleaisaa:
a. Manufacturer.
b. Merchandiser.
c. Serviceabusiness.
d. Wholesaler.
ANSWER: b
RATIONALE: Theabusinessaentityathatapurchasesafinishedagoodsaforaresaleaisaaamerchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNINGaOBJECTIVESaPRIN.EDWA.16.1a-aIntroduction
:
ACCREDITINGaSTANDAaRD AACSBaAnalyticaACCT.AICPA.FN.03a-
S: aMeasurementaBUSPROG.03a-
3. Theatypeaofamerchandiserawhoapurchasesagoodsafromatheaproduceraandasellsathematoaretailersathatasellathematoa
theaconsumeraisaa:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Serviceabusiness.
ANSWER: c
CengageaLearningaTesting,aPoweredabyaCogner Pagea3
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CengageaLearningaTesting,aPoweredabyaCogner Pagea4
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