发布时间 : 星期六 文章cost accounting test bank chapter 2更新完毕开始阅读
31) Inventoriable costs ________.
A) include administrative and marketing costs
B) are expensed in the accounting period in which the products are sold
C) are expensed in the accounting period in which the products are manufactured D) are also referred to as nonmanufacturing costs Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
32) Inventoriable costs are expensed on the income statement ________. A) when direct materials for the product are purchased B) after the products are manufactured C) when the products are sold
D) when the goods move from work-in process to finished goods account Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
33) Costs that are initially recorded as assets and expensed when goods sold are called ________. A) period costs
B) inventoriable costs C) irrelevant costs
D) research and development costs Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
34) For merchandising companies, inventoriable costs include ________. A) sales costs
B) incoming freight costs C) distribution costs D) outgoing freight costs Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
35) For manufacturing firms, inventoriable costs include ________. A) plant supervisor salaries
B) research and development costs
C) costs of dealing with customers after the sale D) distribution costs Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
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36) A plant manufactures several different products. The wages of the plant supervisor can be classified as a(n) ________. A) direct cost
B) inventoriable cost C) variable cost D) period cost Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
37) R&D costs are treated as period costs because ________. A) these costs may increase revenues in the current period B) these costs may increase revenues in the future period C) these costs may decrease revenues in the current period D) these costs are expensed when the goods are sold Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
38) For an automobile manufacturer, period costs include the cost of ________. A) the dashboard
B) labor used for assembly C) advertising
D) assembly-line equipment Answer: C
Diff: 1
Objective: 5
AACSB: Application of knowledge
39) Period costs ________. A) include only fixed costs
B) seldom influence financial success or failure
C) include the cost of selling, delivering, and after-sales support for customers D) should be treated as an indirect cost rather than as a direct manufacturing cost Answer: C
Diff: 1
Objective: 5
AACSB: Application of knowledge
40) Period costs ________.
A) are treated as expenses in the period they are incurred B) are directly traceable to products
C) are treated as expenses in the following period they are incurred D) are also referred to as manufacturing overhead costs Answer: A
Diff: 1
Objective: 5
AACSB: Analytical thinking
34
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41) Inventoriable costs are costs of a product that are ________.
A) costs of a product that are considered assets in a company's balance sheet when the costs are incurred and that are expensed as cost of goods sold only when the product is sold
B) considered liabilities in a company's balance sheet when the costs are incurred and that are expensed only when the product is sold
C) considered as assets in a company's income statement when the costs are capitalized and that are expensed as cost of goods sold only when the product is sold
D) considered as liabilities in a company's income statement when the costs are capitalized and that are expensed only when the product is sold Answer: A
Diff: 3
Objective: 5
AACSB: Analytical thinking
42) Costs expensed on the income statement in the accounting period incurred are called ________. A) direct costs B) indirect costs C) period costs
D) inventoriable costs Answer: C
Diff: 1
Objective: 5
AACSB: Analytical thinking
43) In the cost classification system used by manufacturing firms, assembly workers' wages would be included in ________. A) irrelevant cost
B) direct manufacturing costs C) indirect manufacturing costs D) period cost Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
44) Total manufacturing costs is comprised of ________. A) direct materials costs and period costs
B) direct materials costs, direct manufacturing labor costs, and manufacturing overhead costs C) indirect materials costs, indirect manufacturing labor costs, and manufacturing overhead costs D) prime costs and period costs Answer: B
Diff: 1
Objective: 5
AACSB: Analytical thinking
35
Copyright ? 2015 Pearson Education, Inc.
Answer the following questions using the information below:
Zephyr Apparels is a clothing retailer. Unit costs associated with one of its products, Product DCT121, are as follows: Direct materials $ 70 Direct manufacturing labor 20 Variable manufacturing overhead 15 Fixed manufacturing overhead 32 Sales commissions (2% of sales) 5 Administrative salaries 16 Total $158
45) What are the inventoriable costs per unit associated with Product DCT121? A) $137 B) $140 C) $143 D) $88
Answer: A
Explanation: A) $70 + $20 + $15 + $32 = $137
Diff: 2
Objective: 5
AACSB: Application of knowledge
46) What are the period costs per unit associated with Product DCT121? A) $4 B) $16 C) $21 D) $52
Answer: C
Explanation: C) $5 + 16 = $21
Diff: 2
Objective: 5
AACSB: Application of knowledge
Answer the following questions using the information below:
The East Company manufactures several different products. Unit costs associated with Product ORD210 are as follows: Direct materials $54 Direct manufacturing labor 8 Variable manufacturing overhead 11 Fixed manufacturing overhead 25 Sales commissions (2% of sales) 5 Administrative salaries 12 Total $115
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