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  • 2010 Comprehensive Examination - Cost Accounting PDF

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    2010 Comprehensive Examination - Cost Accounting PDF

    Загружено:

    jsus22

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    © All Rights Reserved
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    Отметить как неприемлемый контент
    из 9
    a UNIVERSITY OF THE EAST CALOOCAN CMAPUS COLLEGE OF BUSINESS ADMINISTRATION DEPARTMENT OF ACCOUNTANCY, BUSINESS LAW AND TAXATION ‘AC 307 COST ACCOUNTING REVIEW EXAM FOR COMPREHENSIVE EXAMINATION [Ramet student Date SCORE: PART | INSTRUCTIONS +. You are given 65 multiple choice questions which you are to answor by shading your {citer choice on the space provided. You are only allowed to shade one choiew Use black ball point pen only. Erasures will NOT be considered. 2. Place all your belongings in front of tho class. You must only have on you're the following: clean worksheet(s), ball Pen, pocket calculator and the questionnaires. 5. Turn off your cell phones while taking the examination. Cell phones are not allowed to pe used as calculators. You are to place your cell phones inside your bag which is to be placed in front of the class together with your other belongings. 4 Going to the comfort room during the examination session is not allowed, So, you have to go to the/comfort room before taking the exam. QUESTIONS Kl Beem VOC aceasta vaceviey aaivar ©. final cost object >. driver \ 2, Abase used to allocate te cost of product, customers, or ther tra cost objects is a(n): Vee Be! > einegante i A vase used to allocate the cost of a resource to the different activities using that resource is a(n): C._, final cost object D. driver Examples of activities at the batch level of costs include: Acai piting, ani pctaia * 5” acoang, setup, nd moving designing, changing, and advertising 0. heating, ighing, and secuty 4. Examples of atv atthe unit eval of costs ineiude AC costing, painting and packaging” 8. scheduling, setng up. and moving G. esgning, changing, and advertising. nesting, ghting, and secury 5. _ Examples of uni-level costs are: JE portions of electricity and indirect materiale FB: * “palarieg of schedulers and setup personnel Aa salaries of gonionare ang Pragremmers D. doprpciation and insyrarce on b 6. Examples of Preduet-tevel costs are: lings A. portions af elpcticty and indirect materials “B.”- salaries of schedulers and setyp personnel BX salaries of designers and programmers | D. depreciation and insurance on buildings 7, The most reasonable basis for allocating worker's compensation insurance ist «AO departmental payroll B, ~ building depreciation 10. 1" 12. r itt. | c. kilowatt-hours D. number of employees RARIZA CORP. has three producing departments, A, B, and C, with 50, 30, and 20 employees, fespectively, in each department. Factory payroll costs other than direct labor are accumulated in a Payroll Department account and are assigned to producing departments on the basis of number of Employees. The total payroll In each department was: A, P300,000; B, P276,000; C, P2800; and Payroll, P50,000. Other costs accumulated in the Payroll Department amounted to $200,000 The ‘amount of Payroll Department costs chargeable to Department C i A. P125,000 B. P100,000 ph P80,000 ‘D. P40,000 ‘An automotive company has three divisions. One division manufactures new replacement parts for ar amopiles: another rebuilds engines; and the third doos repair and overhaul work on a ting of aire All three divisions use the services of a central payroll department. The best method of ‘locating the cost of the payroll department to the various operating divisions PE total fabor hours incurred inthe divisions B, value of production in the divisions c. direct materials costs incurred in the divisions : D. machine hours used in the divisions ‘The Janitorial Department provides cleaning services to all departments of a large store. Management wishes to allocate the janitorial costs to the various departments that benefit from the service, The most reasonable allocation base for janitorial costs would be ‘A. _ sales of each department B/~ square footage of each department C. , number of employees in each department D. _ total direct costs of each department before any allocations, ‘A hospital has a $100,000 expected utility bill this year. The Janitorial, Accounting, and Orderlies Departments are service functions to the Operating, Hospital Rooms, and Laboratories Departments. Floor space assigned to each department is: Department. 2 Square Footage Janitor 4,000 Accounting 2,000, Orderties 7,000 Operating nm 4,000 Hospital Rooms .. 30,000 Laboratories. 7 6.000 50,000 How much of the $100,000 will eventually become the Hospital Rooms Department total costs, assuming use of the direct method of allocation based on square footage? A. 80,000 B. P72,000 975,000 1D. P80,000 ANECITO CORP. distributes service department overhead costs directly, to i c ment /. to producing departments. without allocation to the other service department. Information for the month of June is as follows: Service Departments Maintenance Ut Overhead costs incurred ... 20,000 10,000 Service prpyider 10 department: Maintenance i s 10% Utilities .. 20% - ProducingcA .. 40% 30% . acceleration D. zero inventory production \ 23. The cycle of materials procurement and use includes all of the following steps excopt for: AC determining the cost of goods sold B. _ the production budget . preparing the receiving report D. maintaining the materials ledger 24, ‘The purchase requisition is a document used to: ‘A. initiate the return of merchandise to the vendor - inform the purchasing agent of a need for a materials item . initiate payment for merchandise received D. inform the Purchasing Department of 4 receipt of goods 25. The expense that theoretically is not a correct part of inventory cost Is: A. freight-in FB froight-out ©. inspection costs D. accounting costs for materials received 26. Theoretically, cash discounts permitted on purchased raw materials shouid be: ‘A. added to other income, whether taken or not, B, added to other income, only if taken Gy deducted from inventory, whether taken or not D. deducted from inventory, only if taken 27. The allocation of joint costs to individual products is useful primarily for purposes of: A. determi \g whether to produce one of the joint products Be inventory costing C. determi ig the best market price D. deciding whether to soll at the split-

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