首页考试资料幻灯片工程技术公务员考试小学教学中学教学大学教学外语资料
14cost acct test bank chapter 16

CostAccounting,14e(Horng;Chapter16CostAllocation:;Objective16.1;1)Whattypeofcostistheres;simultaneously?;A)byproductcost;B)jointcost;C)maincost;D)separablecost;Answer:B;Diff:2;Term


1234>>9

 

Cost Accounting, 14e (Horngren/Datar/Rajan)

Chapter 16 Cost Allocation: Joint Products and Byproducts

Objective 16.1

1) What type of cost is the result of an event that results in more than one product or service

simultaneously?

A) byproduct cost

B) joint cost

C) main cost

D) separable cost

Answer: B

Diff: 2

Terms: joint costs

Objective: 1

AACSB: Reflective thinking

2) All costs incurred beyond the splitoff point that are assignable to one or more individual products are called:

A) byproduct costs

B) joint costs

C) main costs

D) separable costs

Answer: D

Diff: 2

Terms: separable costs, splitoff point

Objective: 1

AACSB: Reflective thinking

3) In joint costing:

A) costs are assigned to individual products as assembly of the product occurs

B) costs are assigned to individual products as disassembly of the product occurs

C) a single production process yields two or more products

D) Both B and C are correct.

Answer: D

Diff: 3

Terms: joint costs

Objective: 1

AACSB: Reflective thinking

4) The ________ point is the juncture in a joint production process when two or more products become separately identifiable.

A) splitoff

B) joint product

C) process

D) end

Answer: A

Diff: 3

Terms: splitoff point, main products, joint products

Objective: 1

AACSB: Reflective thinking

5) The focus of joint costing is on allocating costs to individual products:

A) before the splitoff point

B) after the splitoff point

C) at the splitoff point

D) at the end of production

Answer: C

Diff: 3

Terms: joint costs, splitoff point

Objective: 1

AACSB: Reflective thinking

6) When a single manufacturing process yields two products, one of which has a relatively high sales value compared to the other, the two products are respectively known as:

A) joint products and byproducts

B) joint products and scrap

C) main products and byproducts

D) main products and joint products

Answer: C

Diff: 2

Terms: main products, byproducts

Objective: 1

AACSB: Reflective thinking

7) When a joint production process yields two or more products with high total sales values, these products are called:

A) main products

B) joint products

C) byproducts

D) scrap

Answer: B

Diff: 2

Terms: joint products

Objective: 1

AACSB: Reflective thinking

8) Byproducts and main products are differentiated by the:

A) number of units per processing period

B) weight or volume of outputs per period

C) amount of total sales value

D) None of these answers is correct.

Answer: C

Diff: 2

Terms: byproducts, main products

Objective: 1

AACSB: Reflective thinking

9) All of the following changes may indicate a change in product classification of a manufacturing process which has a splitoff point EXCEPT a:

A) byproduct increases in sales value due to a new application

B) main product becomes a joint product

C) main product becomes technologically obsolete

D) byproduct loses its market due to a new invention

Answer: B

Diff: 2

Terms: splitoff point, main products, joint products

Objective: 1

AACSB: Reflective thinking

10) Which of the following methods of allocating costs use market-based data?

A) Sales value at splitoff method

B) Estimated net realizable value method

C) The constant gross-margin percentage method

D) All of these answers are correct.

Answer: D

Diff: 1

Terms: sales value at splitoff, NRV, constant gross-margin percentage NRV method

Objective: 1

AACSB: Reflective thinking

11) Products with a relatively low sales value are known as:

A) scrap

B) main products

C) joint products

D) byproducts

Answer: D

Diff: 1

Terms: byproducts

Objective: 1

AACSB: Reflective thinking

12) Which of the following statements is true regarding main products and byproducts?

A) Product classifications do not change over the short run.

B) Product classifications do not change over the long run.

C) Product classifications may change over time.

D) The cause-and-effect criterion determines the classification.

Answer: C

Diff: 3

Terms: main products, byproducts

Objective: 1

AACSB: Reflective thinking

13) Outputs with zero sales value are accounted for by:

A) listing these various outputs in a footnote to the financial statements

B) including the items as a relatively small portion of the value assigned to the products produced during the accounting period

C) making journal entries to reflect an estimate of possible values

D) None of these answers is correct.

Answer: D

Diff: 3

Terms: byproducts

Objective: 1

AACSB: Reflective thinking

14) Outputs with a negative sales value are:

A) added to cost of goods sold

B) added to joint production costs and allocated to joint or main products

C) added to joint production costs and allocated to byproducts and scrap

D) subtracted from product revenue

Answer: B

Diff: 3

Terms: main products, byproducts

Objective: 1

AACSB: Reflective thinking

15) Joint costs are incurred beyond the splitoff point and are assignable to individual products. Answer: FALSE

Explanation: Joint costs are incurred prior to the splitoff.

Diff: 2

Terms: joint costs, splitoff point

Objective: 1

AACSB: Reflective thinking

16) Separable costs are incurred beyond the splitoff point that are assignable to each of the specific products identified at the splitoff point.

Answer: TRUE

Diff: 2

Terms: separable costs, splitoff point

Objective: 1

AACSB: Reflective thinking

17) Separable costs include manufacturing costs only.

Answer: FALSE

Explanation: Separable costs include manufacturing, marketing, distribution, and other costs. Diff: 2

Terms: separable costs, splitoff point

Objective: 1

AACSB: Reflective thinking

18) The focus of joint costing is assigning costs to individual products as assembly occurs.

Answer: FALSE

Explanation: The focus is accumulating costs incurred on the joint products.

Diff: 2

Terms: joint costs

Objective: 1

AACSB: Reflective thinking

19) Joint costs are the costs of a production process that yields multiple products simultaneously. Answer: TRUE

Diff: 1

Terms: joint costs

Objective: 1

AACSB: Reflective thinking

20) The juncture in a joint production process when two products become separable is the byproduct point.

Answer: FALSE

Explanation: The juncture in a joint production process when two products become separable is the splitoff point.

Diff: 1

Terms: byproducts, splitoff point

Objective: 1

AACSB: Reflective thinking

21) At or beyond the splitoff point, decisions relating to the sale or further processing of each identifiable product can be made independently of decisions about the other products.

Answer: TRUE

Diff: 1

Terms: splitoff point, main products, joint products

Objective: 1

AACSB: Reflective thinking

22) The products of a joint production process that have low total sales values compared with the total sales value of the main product are called joint products.

Answer: FALSE

Explanation: They are called byproducts.

Diff: 1

Terms: byproducts, joint products

Objective: 1

AACSB: Reflective thinking

三亿文库3y.uu456.com包含各类专业文献、中学教育、各类资格考试、幼儿教育、小学教育、高等教育、生活休闲娱乐、行业资料、应用写作文书、文学作品欣赏、外语学习资料、14cost acct test bank chapter 16等内容。

1234>>9

 


 

  【Top  点评

您可在本站搜索以下内容:

 

cost acct test bank chapter 1s 2011-10-11

  cost acct test bank ch... 33页 免费 cost ac...A) $18,000 B) $3,600 C) $14,400 D) $16,800 Answer: A ...

cost acct test bank chapter 17 2011-10-11

  17 Chapter Pensions an... 暂无评价 77页 免费 cost acct test bankcha.....16) The president of the Gulf Coast Refining Corporation wants to know why...

cost acct test bank chapter 18 2011-10-11

  cost acct test bank chapter 18_英语学习_外语学习_教育专区。Cost Accounting...020 D) $16,000; $8,000 Answer: A Explanation: A) Direct Materials ...

cost acct test bank chapter 13 2011-10-11

  cost acct test bank chapter 13_英语学习_外语学习_教育专区。Cost Accounting...A) $1s,000 U B) $10,000 U C) $10,000 F D) $16,s00 F Answer...

cost acct test bank chapter 10 2011-10-11

 Cost Accounting, 14e (Horngren/Datar/Rajan) Chapter 10 Determining How ... cost function Objective: 1 AACSB: Reflective thinking 16) All cost ...

cost accounting test bank 3 2011-03-24

  cost accounting test bank 3_管理学_高等教育_...UTA acct 4304CHAPTER 2 QUIZ 1. Tanner Co. ...000 $16,320 Fixed manufacturing costs $18,000 ...

intermediate acct test bank ch13 2011-10-14

  intermediate acct test bank ch13_英语学习_外语学习_教育专区。CHAPTER 13 ...6q. 70. 13 - 16 Test Bank for Intermediate Accounting, Fourteenth Edition...

intermediate acct test bankch16 2011-10-14

  intermediate acct test bankch16_英语学习_外语学习_教育专区。CHAPTER 16 ...d 134. a 16 - 34 Test Bank for Intermediate Accounting, Fourteenth ...

cost accounting test bank 1 2011-03-24

  uta acct 4302 test bank 1uta acct 4302 test bank 1隐藏>> CHAPTER 2 QUIZ 1. Tanner Co. management desires cost information regarding their Rawhide ...

赞助商链接

 

别人正在看什么?

组织开发与学习

Quartus_II_操作过程图解45

dota出装28

最新的2012军事理论考试题目答案全09

2014河源市连平事业单位考试 《公共基础知识》模拟题(六)73

34CAD制图:管道单线图绘制讲义

余华创作中的苦难意识50

19浙江省效实中学09-10学年高二上学期期末试题(历史)

10食品安全名词解释 (自理)

学长刘林英Java语言程序设计实验三报告

赞助商链接