costaccttestbankchapter17文档格式.docx
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costaccttestbankchapter17文档格式.docx
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process-costingsystem
Objective:
AACSB:
Reflectivethinking
2)WhichofthefollowingmanufacturedproductswouldNOTuseprocesscosting?
A)747jetaircraft
B)46-inchtelevisionsets
C)Constructionofacommercialofficebuilding
D)BothAandCarecorrect.
D
2
3)Processcostingshouldbeusedtoassigncoststoproductswhenthe:
A)unitsproducedaresimilar
B)unitsproducedaredissimilar
C)calculationofunitcostsrequirestheaveragingofunitcostsoverallunitsproduced
D)EitherAorCarecorrect.
4)Whichoneofthefollowingstatementsistrue?
A)Inajob-costingsystem,individualjobsusedifferentquantitiesofproductionresources.
B)Inaprocess-costingsystemeachunitusesapproximatelythesameamountofresources.
C)Anaveragingprocessisusedtocalculateunitcostsinajob-costingsystem.
D)BothAandBarecorrect.
5)Conversioncosts:
A)includeallthefactorsofproduction
B)includedirectlaborandoverhead
C)inprocesscostingareusuallyconsideredtobeaddedevenlythroughouttheproductionprocess
D)BothBandCarecorrect.
6)Anexampleofabusinesswhichwouldhavenobeginningorendinginventorybutwhichcoulduseprocesscostingtocomputeunitcostswouldbea:
A)clothingmanufacturer
B)corporationwhosesolebusinessactivityisprocessingthecustomerdepositsofseveralbanks
C)manufacturerofcustomhouses
D)manufactureroflargeTVs
B
7)Whichofthefollowingstatement(s)concerningconversioncostsiscorrect?
A)Estimatingthedegreeofcompletionofdirectmaterialsinapartiallycompletedunitisusuallyeasiertocalculatethanestimatingthedegreeofcompletionforconversioncosts.
B)Thecalculationofequivalentunitsisrelativelyeasyforthetextileindustry.
C)Estimatesareusuallynotconsideredacceptable.
A
15)Whydoweneedtoaccumulateandcalculateunitcostsinprocesscosting(andalsojobcosting)?
Weneedtoaccumulateunitcoststo:
1.Budget(planning)
2.Price
3.Accountforthecosts
1)Inaprocess-costingsystemaverageunitcostsarecalculated
A)bydividingtotalcostsinagivenaccountingperiodbytotalunitsproducedinthatperiod.
B)bymultiplyingtotalcostsinagivenaccountingperiodbytotalunitsproducedinthatperiod.
C)bydividingtotalcostsinagivenaccountingperiodbyunitsstartedinthatperiod.
D)bymultiplyingtotalcostsinagivenaccountingperiodbyunitsstartedinthatperiod.
averageunitcost
Objective17.3
1)Thepurposeoftheequivalent-unitcomputationisto:
A)convertcompletedunitsintotheamountofpartiallycompletedoutputunitsthatcouldbemadewiththatquantityofinput
B)assistthebusinessindeterminingthecostassignedtoendinginventoryandwork-in-processinventory.
C)convertpartiallycompletedunitsintotheamountofcompletedoutputunitsthatcouldbemadewiththatquantityofinput
equivalentunits
3
2)Inaprocess-costingsystem,thecalculationofequivalentunitsisusedforcalculating:
A)thedollaramountofendinginventory
B)thedollaramountofthecostofgoodssoldfortheaccountingperiod
C)thedollarcostofaparticularjob
3)WhenaBakerytransfersgoodsfromtheMixingDepartmenttotheBakingDepartment,theaccountingentryis:
A)WorkinProcessMixingDepartment
WorkinProcessBakingDepartment
B)WorkinProcessBakingDepartment
AccountsPayable
C)WorkinProcessBakingDepartment
WorkinProcessMixingDepartment
D)WorkinProcessMixingDepartment
Analyticalskills
Answerthefollowingquestionsusingtheinformationbelow:
DustinPlastics,Inc.,manufacturesplasticmoldingsforcarseats.Itscostingsystemutilizestwocostcategories,directmaterialsandconversioncosts.EachproductmustpassthroughDepartmentAandDepartmentB.Directmaterialsareaddedatthebeginningofproduction.Conversioncostsareallocatedevenlythroughoutproduction.
DataforDepartmentAforFebruary2012are:
Workinprocess,beginninginventory,40%converted200units
UnitsstartedduringFebruary600units
Workinprocess,endinginventory100units
CostsforDepartmentAforFebruary2012are:
Workinprocess,beginninginventory:
Directmaterials$200,000
Conversioncosts$200,000
DirectmaterialscostsaddedduringFebruary$2,000,000
ConversioncostsaddedduringFebruary$2,500,000
4)WhatistheunitcostperequivalentunitofbeginninginventoryinDepartmentA?
A)$2,000
B)$3,500
C)$7,000
D)$7,500
Explanation:
B)Directmaterialsperunit($200,000/200units)$1,000
Conversioncostsperunit($200,000/(200×
0.40)units)2,500
Totalcostsperunit$3,500
5)HowmanyunitswerecompletedandtransferredoutofDepartmentAduringFebruary?
A)100units
B)600units
C)700units
D)800units
C)200units+600units-100units=700units
6)DustinPlastics,Inc.,manufacturesplasticmoldingsforcarseats.Itscostingsystemusestwocostcategories,directmaterialsandconversioncosts.EachproductmustpassthroughDepartmentAandDepartmentB.Directmaterialsareaddedatthebeginningofproduction.Conversioncostsareallocatedevenlythroughoutproduction.
Workinprocess,endinginventory:
100units
30%completeastoconversioncosts
100%completeastomaterials
CostsfortheDepartmentAforFebruary2012are:
Whatweretheequivalentunitsofdirectmaterialsandconversioncosts,respectively,attheendofFebruary?
AssumeDustinPlastics,Inc.,usestheweighted-averageprocesscostingmethod.
A)800;
730
B)800;
800
C)800;
700
D)600;
500
A)Equivalentunitsofdirectmaterialsunderweightedaverage=unitscompleted+equivalentunitsinendinginventory=700+100
Conversioncosts=700+(100×
30%)=730
RooseveltCabinetry,Inc.,manufacturesstandardsizedmodularcabinetunitsforkitchensandotherapplicationswithinthehome.Itscostingsystemutilizestwocostcategories,directmaterialsandconversioncosts.Eachproductmustpassthroughtheroughcutdepartmentandthefinishdepartment.Directmaterialsareaddedatthebeginningofproduction.Conversioncostsareallocatedevenlythroughoutproduction.
DataforFinishDepartmentforMarch2012are:
Workinprocess,beginninginventory,25%converted1,000units
UnitsstartedduringFebruary1,400units
Workinprocess,endinginventory300units
CostsforFinishdepartmentforMarch2012are:
Directmaterials$300,000
DirectmaterialscostsaddedduringFebruary$420,000
ConversioncostsaddedduringFebruary$1,600,000
7)WhatistheunitcostperequivalentunitofthebeginninginventoryintheFinishingDepartment?
A)$800.00
B)$300.00
C)$1,100.00
D)$500.00
C)Directmaterialsperunit($300,000/1,000units)$300
Conversioncostsperunit($200,000/(1,000×
0.25)units)800
Totalcostsperunit$1,100
8)HowmanyunitswerecompletedandtransferredoutoftheFinishingDepartmentduringMarch?
A)1,000units
B)1,400units
C)2,100units
D)Unknown
9)Thelaststepinaprocess-costingsystemistocomputecostperequivalentunit.
FALSE
Thelaststepinaprocess-costingsystemistoassigntotalcoststounitscompletedandtounitsinendingworkinprocess.
processcosting
10)Theequivalentunitconceptisameansbywhichaprocesscostingsystemcancomparepartiallycompletedworkdoneineachofthevariousprocesscategoriestoobtainatotalmeasureofworkdone.
TRUE
proc
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