An accounting system that collects financial and operating data on the basis of the underlying nature and extent of the cost drivers is:

1 .Kimbeth Manufacturing uses a process costsystem to manufacture Dust Density Sensors for the mining industry. Thefollowing information pertains to operations for the month of May: Units Beginning work-in-process inventory, May 1 16,000 Started in production during May 100,000 Completed production during May 92,000 Ending work-in-process inventory, May 31 24,000 The beginninginventory was 60 percent complete for materials and 20 percent complete forconversion costs. The ending inventory was 90 percent complete for materialsand 40 percent complete for conversion costs.Costs pertainingto the month of May are as follows:·Beginning inventory costs are: materials, USD54,560;direct labor USD20,320; and factory overhead, USD15,240.·Costs incurred during May are: materials used, USD468,000;direct labor, USD182,880; and factory overhead, USD391,160.·Using the FIFO method, the total cost of units in theending work-in-process inventory at May 31 is:

A USD156,960 B USD155,328 C USD153,168 D USD154,800

题型: 单选题 提问时间: 2021-08-24

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2 .Black, Inc. employs a weighted average method in its process costing system. Black's work in process inventory on June 30 consists of 40,000 units. These units are 100% complete with respect to materials and 60% complete with respect to conversion costs. The equivalent unit costs are USD5.00 for materials and USD7.00 for conversion costs. What is the total cost of the June 30 work in process inventory?

A USD288,000 B USD200,000 C USD480,000 D USD368,000

题型: 单选题 提问时间: 2021-08-24

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3 .Cost drivers are:

A A mechanical basis, such as machine hours, computer time, size of equipment, or square footage of factory, used to assign to activities. B Accounting measurements used to evaluate whether or not performance is proceeding according to plan. C Costs linked to two or more other costs. D Activities th...

题型: 单选题 提问时间: 2021-08-24

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4 .The distribution of overhead costs is known as:

A Cost management. B Burden distribution. C Uncontrollable cost allocation. D Cost allocation.

题型: 单选题 提问时间: 2021-08-24

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5 .Alex Company had the following inventories atthe beginning and end of the month of January. January 1 January 31 Finished Goods USD125,000 USD117,000 Work-in-process 235,000 251,000 Direct materials 134,000 124,000 The followingadditional manufacturing data was available for the month of January. Direct materials purchased USD189,000 Purchase returns and allowances 1,000 Transportation in 3,000 Direct labor 300,000 Actual factory overhead 175,000 Alex Companyapplies factory overhead at a rate of 60 percent of direct labor cost, and anyoverapplied or underapplied factory overhead is deferred until the end of theyear, December 31.Alex Company'stotal manufacturing cost for January was:

A USD669,000 B USD681,000 C USD679,000 D USD671,000

题型: 单选题 提问时间: 2021-08-24

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7 .Bruell ElectronicsCo. is developing a new product, surge protectors for high-voltage electricalflows. The following cost information relates to the product. Unit Costs Direct materials USD3.25 Direct labor 4.00 Distribution .75 The company willalso be absorbing USD120,000 of additional fixed-costs associated with this newproduct. A corporate fixed charge of USD20,000 currently absorbed by otherproducts will be allocated to this new product.If the sellingprice is USD14 per unit, the breakeven point in units (rounded to the nearesthundred) for surge protectors is:

A 10,000 units. B 20,000 units. C 23,300 units. D 15,000 units.

题型: 单选题 提问时间: 2021-08-24

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8 .A company produces and sells two products. The first product accounts for 75% of sales and the second product accounts for the remaining 25% of sales. The first product has a selling price of USD10 per unit, variable costs of USD6 per unit, and allocated fixed costs of USD100,000. The second product has a selling price of USD25 per unit, variable costs of USD13 per unit, and allocated fixed costs of USD212,000. At the break-even point, what number of units of the first product will have been sold?

A 52,000 B 25,000 C 39,000 D 14,625

题型: 单选题 提问时间: 2021-08-24

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9 .A delivery company is implementing a system to compare the costs of purchasing and operating different vehicles in its fleet. Truck 415 is driven 125,000 miles per year at a variable cost of USD0.13 per mile. Truck 415 has a capacity of 28,000 pounds and delivers 250 full loads per year. What amount is the truck's delivery cost per pound?

A USD0.00232 per pound. B USD0.58036 per pound. C USD0.00163 per pound. D USD1.72000 per pound.

题型: 单选题 提问时间: 2021-08-24

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10 .Which of the following costs are not included in inventoriable costs under a variable (or direct) costing system?

A Variable overhead. B Direct labor. C Direct material. D Fixed overhead.

题型: 单选题 提问时间: 2021-08-24

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