发布时间 : 星期三 文章cost accounting test bank chapter 2更新完毕开始阅读
12) Manufacturing-sector companies report ________. A) only merchandise inventory B) only finished goods inventory
C) direct materials inventory, work-in-process inventory, and finished goods inventory accounts D) direct materials inventory and finished goods inventory accounts only Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
13) For a manufacturing company, direct material costs may be included in ________. A) direct materials inventory only B) merchandise inventory only
C) both work-in-process inventory and finished goods inventory
D) direct materials inventory, work-in-process inventory, and finished goods inventory accounts Answer: D
Diff: 1
Objective: 5
AACSB: Analytical thinking
14) For a manufacturing company, direct labor costs may be included in ________. A) direct materials inventory only B) merchandise inventory only
C) both work-in-process inventory and finished goods inventory
D) direct materials inventory, work-in-process inventory, and finished goods inventory accounts Answer: C
Diff: 3
Objective: 5
AACSB: Analytical thinking
15) For a manufacturing company, indirect manufacturing costs may be included in ________. A) direct materials inventory only B) merchandise inventory only
C) both work-in-process inventory and finished goods inventory
D) direct materials inventory, work-in-process inventory, and finished goods inventory accounts Answer: C
Diff: 3
Objective: 5
AACSB: Analytical thinking
16) For a manufacturing-sector company, the cost of factory depreciation is classified as a ________. A) direct material cost
B) direct manufacturing labor cost C) manufacturing overhead cost D) period cost Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
29
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17) Which of the following cost is included in cost of goods sold? A) customer service cost B) manufacturing labor cost C) distribution cost D) marketing cost Answer: B
Diff: 1
Objective: 5
AACSB: Application of knowledge
18) Manufacturing overhead costs in an automobile manufacturing plant most likely include ________. A) labor costs of the painting department B) indirect material costs such as lubricants C) leather seat costs D) tyre costs Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
19) Manufacturing overhead costs are also referred to as ________. A) indirect manufacturing costs B) prime costs
C) direct manufacturing costs D) direct material Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
20) Target reports ________. A) only merchandise inventory B) only finished goods inventory
C) direct materials inventory, work-in-process inventory, and finished goods inventory accounts D) no inventory accounts Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
21) Direct materials inventory would normally include ________.
A) direct materials in stock and awaiting use in the manufacturing process B) goods partially worked on but not yet fully completed C) goods fully completed but not yet sold
D) products in their original form intended to be sold without changing their basic form Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
30
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22) Work-in-process inventory would normally include ________.
A) direct materials in stock and awaiting use in the manufacturing process B) goods partially worked on but not yet fully completed C) goods fully completed but not yet sold
D) goods returned after being sold to be re-worked on further improvements and quality Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
23) Finished goods inventory would normally include ________.
A) direct materials in stock and awaiting use in the manufacturing process B) goods partially worked on but not yet fully completed C) goods fully completed but not yet sold
D) goods returned after being sold to be re-worked on further improvements and quality Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
24) Which of the following is a period cost? A) sales promotion expenses B) direct material cost C) direct labor cost
D) indirect manufacturing costs like plant insurance Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
25) ________ are the acquisition costs of all materials that eventually become part of the cost object and can be traced to the cost object.
A) Sales taxes paid to acquire materials B) Wages paid to assembly-line workers C) Plant depreciation incurred D) Property taxes on plant Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
26) Which of the following is a direct manufacturing cost? A) plant maintenance B) plant rent
C) fringe benefits paid to machine operators D) property taxes on plant Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
31
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27) ________ are all manufacturing costs that are related to the cost object but cannot be traced to that cost object.
A) Indirect manufacturing costs B) Marketing costs incurred
C) Variable manufacturing costs
D) Custom duties paid for the materials Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
28) The income statement of a manufacturing firm reports ________. A) sales promotion costs only B) inventoriable costs only C) cost of goods sold
D) only manufacturing overhead costs Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
29) The income statement of a service-sector firm reports ________. A) period costs only
B) inventoriable costs only
C) both period and inventoriable costs D) direct labor costs Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
30) Which of the following is an inventoriable cost? A) manufacturing overhead cost B) customer service costs C) distribution costs D) marketing costs Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
32
Copyright ? 2015 Pearson Education, Inc.