Quiz
BADM 3030 - Chapter 8
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Questions in this quiz (10)
1Cost accounting enables managers of a manufacturing business to identify, measure and control...
- Aits operating cash flows
- Bits sales revenue
- Cits gross profit
- Dits net income
2Which stakeholders have the greater interest in a company's cost accounting?
- AOwners / stockholders / outsiders
- BManagement / insiders
- CSuppliers / business partners
- DWall Street / analysts
3In the manufacturing process, timecards are important for measuring the hours of...
- AAssembly line workers
- BBack office "overhead" workers
- CSales personnel
- DAll of the above for allocating their costs to the company's various prodcts
4Timecard totals are then accumulated as an input on the bill of materials
- ATrue
- BFalse
5Companies typically capture costs of manufacturing each of their products in these three categories:
- AFixed, variable and semi-fixed costs
- BDirect materials, direct labor, and manufacturing overhead
- CProduct costs, selling costs, and administrative costs
- DControllable, uncontrollable and standard costs
6Management By Exception principles are usually applied to exceptions or variances between...
- AControllable and uncontrollable costs
- BVariable and fixed costs
- CSales revenue and gross profit
- DStandard and actual costs
7A labor cost variance considers both the cost per labor hour and the cost per unit of raw material
- ATrue
- BFalse
8Allocating costs to a specific product, job or process involves the use of an "allocation base" directly related to what is being produced
- ATrue
- BFalse
9In deciding the unit selling price for each of its products, a company is most concerned with recovering the...
- Avariable cost per unit
- Bstandard cost per unit
- Cfixed cost per unit
- Dfixed costs in total
10A company's break-even point is where its gross profit is equal to zero.
- ATrue
- BFalse
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- BADM 3030 Quiz on BADM 3030 - Chapter 8, created by celine a on 30/04/2018.
- Author
- celine a
- Language
- English
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