100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
Principles of Cost Accounting 17th Edition by Vanderbeck - Test Bank €21,56   In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Accounting - Test Bank
  4.  
  5. Accounting - Test Bank
  6.  
  7. Accounting - Test Bank

Tentamen (uitwerkingen)

Principles of Cost Accounting 17th Edition by Vanderbeck - Test Bank
 13 keer bekeken  0 keer verkocht
  • Vak
  • Accounting - Test Bank
  • Instelling
  • Accounting - Test Bank

1. The business entity that converts purchased raw materials into finished goods by using labor, technology, and facilities is a: a. Manufacturer. b. Merchandiser. c. Service business. d. Not-for-profit service agency. ANSWER: a RATIONALE: The business entity that converts pur...

[Meer zien]

Voorbeeld 4 van de 544  pagina's

Document informatie

  • 17 september 2023
  • 544
  • 2022/2023
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • complete test bank
  • all chapters included
  • principles of cost accounting 17th edition by vand

Geschreven voor

  • Accounting - Test Bank
  • Accounting - Test Bank
  • Accounting - Test Bank
Alle documenten voor dit vak (74)

Verkoper

avatar-seller
ExamsExpert

Ontvangen beoordelingen

Voorbeeld van de inhoud

,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
1. The business entity that converts purchased raw materials into finished goods by using labor, technology, and facilities
is a:
a. Manufacturer.
b. Merchandiser.
c. Service business.
d. Not-for-profit service agency.
ANSWER: a
RATIONALE: The business entity that converts purchased raw materials into finished goods by using labor,
technology, and facilities is a manufacturer.
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTI PRIN.EDWA.16.1 - Introduction
VES:
ACCREDITING STAN AACSB Analytic
DARDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Business Applications
OTHER: Bloom's: Remembering

2. The business entity that purchases finished goods for resale is a:
a. Manufacturer.
b. Merchandiser.
c. Service business.
d. Wholesaler.
ANSWER: b
RATIONALE: The business entity that purchases finished goods for resale is a merchandiser.
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES PRIN.EDWA.16.1 - Introduction
:
ACCREDITING STANDA AACSB Analytic
RDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Business Applications
OTHER: Bloom's: Remembering

3. The type of merchandiser who purchases goods from the producer and sells them to retailers that sell them to the
consumer is a:
a. Manufacturer.
b. Retailer.
c. Wholesaler.
d. Service business.
ANSWER: c
RATIONALE: A wholesaler purchases goods from the producer and sells them to the retailer.
POINTS: 1
DIFFICULTY: Easy
Cengage Learning Testing, Powered by Cognero Page 1

,CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
LEARNING OBJECTIVES PRIN.EDWA.16.1 - Introduction
:
ACCREDITING STANDA AACSB Analytic
RDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Business Applications
OTHER: Bloom's: Remembering

4. Examples of service businesses include:
a. Airlines, accountants, and hair stylists.
b. Department stores, poster shops, and wholesalers.
c. Aircraft producers, home builders, and machine tool makers.
d. None of these are correct.
ANSWER: a
RATIONALE: Examples of service businesses include airlines, architects, and hair stylists.
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTI PRIN.EDWA.16.1 - Introduction
VES:
ACCREDITING STAN AACSB Reflective Thinking
DARDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.06 - Reflective Thinking
IMA-Business Applications
OTHER: Bloom's: Understanding

5. ISO 9000 is a set of international standards for:
a. determining the selling price of a product.
b. cost control.
c. quality management.
d. delivering product,
ANSWER: c
RATIONALE: ISO 9000 is a set of international standards for quality management.
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: PRIN.EDWA.16.1 - Introduction

ACCREDITING STANDAR AACSB Analytic
DS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Strategic Planning
OTHER: Bloom's: Remembering

6. Unit cost information is important for making all of the following marketing decisions except:
a. Determining the selling price of a product.
b. Bidding on contracts.
c. Determining the amount to spend on social media to promote the product.
Cengage Learning Testing, Powered by Cognero Page 2

, CHAPTER 1: INTRODUCTION TO COST ACCOUNTING
d. Determining the amount of profit that each product earns.
ANSWER: c
RATIONALE: Unit cost information is used in determining selling price, bidding on contracts and determining
product profitability, but would not have a bearing on determining how much the product would need
to be advertised.
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJEC PRIN.EDWA.16.2 - LO1: Explain the uses of cost accounting information
TIVES:
ACCREDITING ST AACSB Analytic
ANDARDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Strategic Marketing
TOPICS: Uses of Cost Accounting Information
OTHER: Bloom's: Remembering

7. The process of establishing objectives or goals for the firm and determining the means by which they will be met is:
a. controlling.
b. analyzing profitability.
c. planning.
d. assigning responsibility.
ANSWER: c
RATIONALE: The process of establishing goals and objectives for a firm is planning. Controlling, analyzing
profitability and assigning responsibility are functions that take place after the planning process to
determine whether or how successfully goals have been obtained.
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJEC PRIN.EDWA.16.2 - LO1: Explain the uses of cost accounting information
TIVES:
ACCREDITING ST AACSB Analytic
ANDARDS: ACCT.AICPA.FN.03 - Measurement
BUSPROG.03 - Analytic
IMA-Budget Preparation
TOPICS: Uses of Cost Accounting Information
OTHER: Bloom's: Remembering

8. Effective control of a company's operations is achieved through all of the following except:
a. periodically measuring and comparing company results.
b. assigning responsibility for costs to employees responsible for those costs.
c. constantly monitoring employees to ensure they do exactly as they are told.
d. taking necessary corrective action when variances suggest it is needed.
ANSWER: c
RATIONALE: While periodically measuring and comparing company results, assigning responsibility for those
results to employees and taking necessary corrective action are all part of control; it does not include
constantly monitoring employees to make sure they are following directions.
POINTS: 1

Cengage Learning Testing, Powered by Cognero Page 3

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ExamsExpert. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €21,56. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 78252 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€21,56
  • (0)
  Kopen