Chapter 02 Testbank

Student: ___________________________________________________________________________

1. Which of the following statements is false?

i. Qualitative information is not relevant for planning purposes.
ii. Production costs are important for planning purposes, but selling and administration costs are not.
iii. Information on revenues is not important for planning purposes.

A. i

B. ii
i
C. i and
iii
D. i, ii and
iii

2. Which of the following statements is true?

A. The word cost has the same meaning in all situations in which
it is used.
B. Cost data, once classified and recorded, can be used for any
purpose.
C. Different cost concepts and classifications are used for different
purposes.
D. None of the given
answers

3. Which of the following statements is true? A cost is:

A. always an
expense
B. always an
asset
C. can be either an expense or an
asset
D. always a
liability
4. Variable costs:

A. vary indirectly with changes in

activity level
B. vary directly with changes in
activity level
C. vary on a per unit
basis
D. vary indirectly with changes in activity level AND vary on a per
unit basis

5. If production increases, variable cost will:

A. remain constant on a per unit

basis
B. increase by a variable
amount
C. vary on a per unit
basis
D. remain
unchanged

6. As activity level decreases, unit variable cost:

A. increases proportionately with

activity
B. decreases proportionately with
activity
C. remains
constant
D. decreases by a fixed
amount

7. As activity level increases, total variable costs:

A. increase proportionately with

activity
B. decrease proportionately with
activity
C. increase by a fixed
amount
D. decrease by a fixed
amount
8. Fixed costs:

A. vary directly with changes in

activity level
B. in total remain unchanged as activity levels
change
C. vary on a per unit
basis
D. B and
C

9. Which of the following is not an example of a variable cost?

A. Straight-line depreciation on a machine expected to last

5 years.
B. Wages paid to assembly line workers at a local
manufacturing plant.
C. Timber used to make outdoor
furniture.
D. Commissions paid to sales
personnel.

10. Which of the following statements is false?

A. Costing is common to both conventional and contemporary management

accounting.
B. Activity-based costing is common to both conventional and contemporary
management accounting.
C. Performance measurement is common to both conventional and contemporary
management accounting.
D. Contemporary performance measurement covers a range of critical
success factors.

11. Which is the correct order of cost incurrence in the value chain?

A. R & D, Product Design, Manufacturing, Marketing, Distribution,

Customer Support
B. R & D, Product Design, Customer Support, Marketing, Distribution,
Manufacturing
C. R & D, Product Design, Manufacturing, Distribution, Customer
Support, Selling
D. R & D, Product Design, Manufacturing, Distribution, Marketing,
Customer Support
12. Costs that can be traced to a particular cost object are called:

A. direct
costs
B. indirect
costs
C. product
costs
D. manufacturing
costs

13. Indirect costs:

A. cannot be traced to a particular cost

object
B. cannot be economically traced to a particular
cost object
C. are always variable
costs
D. are always fixed
costs

14. Whether a cost is classified as direct or indirect will depend on:

A. the nature of the cost

object
B. whether the cost can be economically traced to the
cost object
C. whether the organisation is in a manufacturing or service
industry
D. the nature of the cost object AND whether the cost can be economically traced to
the cost object

15. Costs that can be significantly influenced by a particular manager are:

A. product
costs.
B. period
costs.
C. controllable
costs.
D. administrative
costs.
16. Which of the following is not an example of a manufacturing overhead?

A. Assembly line workers'

wages
B. Factory
rent
C. Depreciation of factory
machinery
D. Factory
lighting

17. Product costs are:

A. expended as they are

incurred
B. inventoriable
costs
C. period
costs
D. expended as they are incurred AND
inventoriable costs

18. Costs that are expended during the period in which the costs are incurred are called:

A. product
costs
B. inventoriable
costs
C. period
costs
D. indirect
costs

19. Which of the following costs of a manufactured product is a period cost?

A. Direct
material
B. Manufacturing
overhead
C. Indirect
material
D. Sales
commission
20. Which of the following is not a period cost?

A. Marketing
costs
B. Administrative
costs
C. Research and
development
D. Factory
overheads

21. Cost of goods purchased includes the:

A. purchase
cost
B. transportation inward
cost
C. storage
cost
D. purchase cost AND transportation
inward cost

22. Product costs comprise:

A. direct materials, direct labour and manufacturing

overhead
B. direct materials and manufacturing
overhead
C. direct labour and manufacturing
overhead
D. direct materials and direct
labour
23. Refer to the following data.

The prime costs are:

A. $190
000
B. $40
000
C. $150
000
D. $142
000
24. Refer to the following data.

The conversion costs are:

A. $150
000
B. $142
000
C. $182
000
D. $190
000
25. Refer to the following data.

The product costs are:

A. $15
000
B. $182
000
C. $190
000
D. $332
000
26. Refer to the following data.

The period costs are:

A. $15
000
B. $20
000
C. $190
000
D. $372
000
27. Refer to the following data.

The non-manufacturing costs are:

A. $15
000
B. $70
000
C. $182
000
D. $372
000

28. Indirect material, indirect labour and other manufacturing costs that are neither direct labour nor
direct material costs are classified as:

A. manufacturing
overhead
B. product
costs
C. prime
costs
D. manufacturing overhead AND product
costs
29. Indirect materials include:

A. materials that are incorporated into the finished

product
B. materials required for the production process, which do not become an integral part of the
finished product
C. direct materials that are so insignificant in cost that it becomes unimportant to trace their costs to
specific products
D. materials required for the production process, which do not become an integral part of the finished
product AND direct materials that are so insignificant in cost that it becomes unimportant to trace
their costs to specific products

30. On-costs on direct labour are classified as:

A. direct
labour
B. indirect
labour
C. manufacturing
overhead
D. either direct labour or indirect labour depending on the decision made
by the firm

31. Depreciation of factory equipment would be classified as:

A. indirect
material
B. indirect
labour
C. manufacturing
overhead
D. a sundry
expense

32. Idle time is:

A. frequently an avoidable
cost
B. classified as
overhead
C. caused by events such as equipment breakdown and new set-ups of
production runs
D. All of the given
answers
33. Unless overtime and idle time are caused by a particular job, they are treated as:

A. a part of direct labour

expense
B. a part of manufacturing
overhead
C. associated with a particular
product
D. a part of manufacturing overhead AND associated with a
particular product

34. The flow of manufacturing costs through the system is:

A. raw materials inventory; work in process inventory; finished goods inventory; cost
of goods sold
B. raw materials inventory; work in process inventory; cost of goods sold; finished
goods inventory
C. work in process inventory; raw materials inventory; finished goods inventory; cost
of goods sold
D. raw materials inventory; finished goods inventory; work in process inventory; cost
of goods sold
35. The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during
the month of January.

The product costs are:

A. $90
000
B. $83
000
C. $65
000
D. $63
000
36. The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during
the month of January.

The period costs are:

A. $
0
B. $7
000
C. $25
000
D. $30
500
37. The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during
the month of January.

The prime costs are:

A. $30
000
B. $50
000
C. $65
000
D. $50
500
38. The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during
the month of January.

The conversion costs are:

A. $34
500
B. $29
500
C. $20
000
D. $35
000
39. The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during
the month of January.

The manufacturing overhead is:

A. $14
500
B. $15
000
C. $950
0
D. $9
000
40. In the manufacturing firm, inventories consist of:

A. raw materials, cost of goods manufactured during the period and

finished goods
B. raw materials, work in process and finished
goods
C. raw materials, finished goods and cost of
goods sold
D. cost of goods manufactured and cost of
goods sold

41. To calculate the cost of goods sold during the period, you would use which of the following equations?

A. Beginning finished goods + cost of goods manufactured + ending

finished goods
B. Ending finished goods + cost of goods manufactured – beginning
finished goods
C. Beginning finished goods + cost of goods manufactured – ending
finished goods
D. Beginning finished goods + ending finished goods – cost of goods
manufactured

42. Work in process inventories are composed of:

A. direct
materials
B. direct
labour
C. manufacturing
overhead
D. All of the given
answers

43. Barrett Industries began the month of June with a finished goods inventory of $15 000. The finished
goods inventory at the end of June was $10 000 and the cost of goods sold during the month was $20
000.
The cost of goods manufactured during the month of June was:

A. $15
000
B. $25
000
C. $20
000
D. $500
0
44. Fairchild Pty Ltd began April with a finished goods inventory of $25 000. The cost of goods
manufactured during the month was $40 000 and the cost of goods sold during April was $50 000.
The inventory remaining in finished goods at the end of April was:

A. $35
000
B. $25
000
C. $20
000
D. $15
000

45. Barrister and Company began July with a finished goods inventory of $10 000. The cost of goods
manufactured during the month was $85 000 and the ending finished goods inventory was $20 000.
The cost of goods sold during July was:

A. $55
000
B. $75
000
C. $95
000
D. $105
000

46. Lenco Industries has cost of goods manufactured of $65 000 in May. The finished goods inventory at
the end of May was $20 000 and the cost of goods sold during May was $75 000.
The inventory in finished goods at the beginning of May was:

A. $5
000
B. $30
000
C. $10
000
D. $20
000
47. As
ma
nuf
act
uri
ng
co
mp
ani
es
bec
om
e
mo
re
aut
om
ate
d,
the
ir
cos
t
str
uct
ure
will
cha
ng
e
so
tha
t:

A.

B.
C.

D.
48. Co
nv
ent
ion
al
cos
t
ma
na
ge
me
nt
sys
te
ms
use
pro
du
cti
on
vol
um
e
as
the
me
asu
re
of
act
ivit
y.
Co
nte
mp
ora
ry
sys
te
ms
mi
ght
use
whi
ch
of
the
foll
owi
ng
as
act
ivit
y
me
asu
res
:

A.

B.

C.

D.
49. Wh
ich
of
the
foll
owi
ng
ter
ms
acc
ura
tel
y
des
cri
bes
all
thr
ee
ma
nuf
act
uri
ng
cos
ts
(i.e
.
dir
ect
ma
teri
als,
dir
ect
lab
our
an
d
ma
nuf
act
uri
ng
ov
erh
ea
d)?

A.
B.

C.

D.
50. Th
e
mo
nth
ly
cos
t of
ren
tin
g
ma
nuf
act
uri
ng
eq
uip
me
nt
is:

A.

B.

C.
D.
51. Wit
h
res
pec
t to
the
flo
w
of
ma
nuf
act
uri
ng
cos
ts
thr
ou
gh
the
acc
ou
nts
,
wh
at
do
es
the
en
din
g
bal
anc
e
of
wo
rk
in
pro
ces
s
acc
ou
nt
sho
w?

A.
B.

C.

D.
52. Wh
ich
of
the
foll
owi
ng
sta
te
me
nts
cor
rec
tly
co
mp
let
es
thi
s
sen
ten
ce?
‘Fo
ra
fir
m
tha
t
ma
nuf
act
ure
s
flo
or
tile
s,
wh
en
the
tile
s
are
co
mp
let
ed
an
d
rea
dy
for
sal
e
…'

A.

B.

C.

D.
53. Wh
ich
of
the
foll
owi
ng
sta
te
me
nts
is
cor
rec
t in
rel
ati
on
to
det
er
mi
nin
g
wh
eth
er
a
cos
t is
dir
ect
or
ind
ire
ct?

A.
B.
C.

D.
54. Ch
oos
e
the
sta
te
me
nt
tha
t
bes
t
co
mp
let
es
thi
s
sen
ten
ce:
‘Co
nv
ent
ion
al
ma
na
ge
me
nt
acc
ou
nti
ng
foc
use
s
on
…'

A.
B.

C.
D.
55. Eld
erv
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
an
ex
am
ple
of
an
ups
tre
am
cos
t?

A.
B.

C.

D.
56. Eld
erv
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
NO
T
an
ex
am
ple
of
an
ups
tre
am
cos
t?

A.
B.

C.
D.
57. Eld
erv
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
an
ex
am
ple
of
a
do
wn
str
ea
m
cos
t?

A.
B.

C.

D.
58. Eld
erv
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
NO
T
an
ex
am
ple
of
a
do
wn
str
ea
m
cos
t?

A.
B.

C.
D.
59. My
das
Ltd
op
era
tes
a
lar
ge
fac
tor
y
whi
ch
ma
nuf
act
ure
s
thr
ee
typ
es
of
mo
tor
ve
hicl
es,
incl
udi
ng
fa
mil
y
car
s,
spo
rts
car
s
an
d
mo
tor
cyc
les.
If
the
cos
t
obj
ect
is a
mo
tor
cyc
le,
whi
ch
of
the
foll
owi
ng
is a
dir
ect
cos
t?

A.

B.

C.
D.
60. My
das
Ltd
op
era
tes
a
lar
ge
fac
tor
y
whi
ch
ma
nuf
act
ure
s
thr
ee
typ
es
of
mo
tor
ve
hicl
es,
incl
udi
ng
fa
mil
y
sed
ans
,
spo
rts
car
s
an
d
mo
tor
cyc
les.
If
the
cos
t
obj
ect
is a
fa
mil
y
car
,
whi
ch
of
the
foll
owi
ng
is
an
ind
ire
ct
cos
t?

A.

B.

C.
D.
61. A
res
po
nsi
bili
ty
cen
tre
….

A.

B.
C.

D.
62. Sal
ly
Str
on
g is
the
pro
du
cti
on
ma
na
ger
of
Eld
erv
ale
Wi
ner
y.
Her
rol
e
incl
ud
es
ov
ers
eei
ng
the
pro
du
cti
on
an
d
bot
tlin
g
pro
ces
ses
of
Eld
erv
ale
Wi
ner
y's
thr
ee
pro
du
ct
lin
es:
spa
rkli
ng
win
e,
red
win
e
an
d
whi
te
win
e.
Wh
ich
of
the
foll
owi
ng
is
mo
st
like
ly
an
ex
am
ple
of
an
un
con
trol
lab
le
cos
t
for
Sal
ly?

A.
B.

C.
D.
63. Sal
ly
Str
on
g is
the
pro
du
cti
on
ma
na
ger
of
Eld
erv
ale
Wi
ner
y.
Her
rol
e
incl
ud
es
ov
ers
eei
ng
the
pro
du
cti
on
an
d
bot
tlin
g
pro
ces
ses
of
Eld
erv
ale
Wi
ner
y's
thr
ee
pro
du
ct
lin
es:
spa
rkli
ng
win
e,
red
win
e
an
d
whi
te
win
e.
Wh
ich
of
the
foll
owi
ng
is
mo
st
like
ly
to
an
ex
am
ple
of
a
con
trol
lab
le
cos
t
for
Sal
ly?

A.
B.

C.
D.
64. Be
ha
vio
ur
of
fix
ed
an
d
var
iab
le
cos
ts.
Co
mp
are
an
d
con
tra
st
the
be
ha
vio
ur
of
fix
ed
an
d
var
iab
le
cos
ts
in
tot
al
an
d
per
uni
t.
65. De
scri
be
ho
w
the
val
ue
cha
in
can
hel
pa
bus
ine
ss
an
aly
se
its
cos
t
str
uct
ure
s.
Wh
at
is
me
ant
by
ups
tre
am
cos
ts
an
d
do
wn
str
ea
m
cos
ts?
Giv
e
ex
am
ple
s.
66. Ke
vin
Sm
ith
is
the
pro
du
cti
on
ma
na
ger
of
My
das
Ltd
,a
co
mp
an
y
tha
t
ma
nuf
act
ure
sa
ran
ge
of
mo
tor
ve
hicl
es.
His
rol
e
incl
ud
es
ov
ers
eei
ng
the
ent
ire
pro
du
cti
on
pro
ces
s
of
My
das
Ltd
's
thr
ee
pro
du
ct
lin
es:
fa
mil
y
car
s,
spo
rts
car
s,
an
d
mo
tor
cyc
les.
On
ce
co
mp
let
ed,
all
the
car
s
are
shi
pp
ed
to
Au
str
alia
,
Chi
na
an
d
Kor
ea
by
the
co
mp
an
y's
shi
ppi
ng
an
d
tra
nsp
ort
ati
on
de
par
tm
ent
.
Ide
ntif
y
tw
o
ex
am
ple
s
of
con
trol
lab
le
cos
ts
an
d
tw
o
ex
am
ple
s
of
un
con
trol
lab
le
cos
ts
 for
Ke
vin
.
Ex
pla
in
yo
ur
ans
wer
.

67. Onl
y
lon
g-
ter
m
dec
isio
ns
req
uir
e
an
un
der
sta
ndi
ng
of
cos
ts.

Tru
e
Fal
se
68. Dir
ect
an
d
ind
ire
ct
cos
t
cla
ssi
fica
tio
n is
bas
ed
on
cos
t
be
ha
vio
ur
in
rel
ati
on
to
cha
ng
es
in
the
lev
el
of
act
ivit
y.

Tru
e
Fal
se
69. Pri
me
cos
ts
is
the
ter
m
giv
en
to
dir
ect
lab
our
an
d
dir
ect
ma
teri
als,
as
the
y
are
the
ma
jor
cos
ts
dir
ect
ly
ass
oci
ate
d
wit
h
the
ma
nuf
act
ure
of
a
pro
du
ct.

Tru
e
 Fal
se

70. Co
sts
tha
t
ma
na
ger
s
can
not
sig
nifi
can
tly
infl
ue
nce
are
cla
ssi
fie
d
as
un
con
trol
lab
le
cos
ts.

Tru
e
Fal
se
71. A
cou
rier
co
mp
an
y
ma
y
vie
w
kilo
me
tre
s
dri
ve
n
as
a
pos
sibl
e
cos
t
dri
ver
.

Tru
e
Fal
se
72. In
rel
ati
on
to
the
act
ivit
ies
of
the
val
ue
cha
in
of
a
ma
nuf
act
uri
ng
co
mp
an
y,
pri
ma
ry
pro
ces
ses
incl
ud
e
acc
ou
nti
ng
an
d
leg
al
act
ivit
ies.

Tru
e
Fal
se
73. Ma
nuf
act
uri
ng
org
ani
sat
ion
s
ha
ve
fou
r
inv
ent
ory
acc
ou
nts
–
ra
w
ma
teri
als,
wo
rk
in
pro
ces
s,
cos
t of
go
ods
sol
d
an
d
fini
she
d
go
ods
.

Tru
e
Fal
se
74. Inv
ent
ori
abl
e
cos
ts
incl
ud
e
dir
ect
ma
teri
als,
dir
ect
lab
our
,
ma
nuf
act
uri
ng
ov
erh
ea
ds
an
d
per
iod
cos
ts
for
tha
t
acc
ou
nti
ng
per
iod
.

Tru
e
Fal
se
75. Fix
ed
cos
ts
per
uni
t
dec
rea
se
as
act
ivit
y
lev
els
inc
rea
se.

Tru
e
Fal
se
76. Th
e
eq
uat
ion
to
cal
cul
ate
tot
al
ma
nuf
act
uri
ng
cos
ts
=
cos
t of
go
ods
ma
nuf
act
ure
d–
be
gin
nin
g
wo
rk
in
pro
ces
s+
en
din
g
wo
rk
in
pro
ces
s.

Tru
e
Fal
se
Chapter 02 Testbank Key
1. Wh
(p. ich
42)
of
the
foll
owi
ng
sta
te
me
nts
is
fals
e?
i.
Qu
alit
ati
ve
inf
or
ma
tio
n is
not
rel
ev
ant
for
pla
nni
ng
pur
pos
es.
ii.
Pro
du
cti
on
cos
ts
are
im
por
tan
t
for
pla
nni
ng
pur
pos
es,
 but
sell
ing
an
d
ad
mi
nis
tra
tio
n
cos
ts
are
not
.
iii.
Inf
or
ma
tio
n
on
rev
en
ues
is
not
im
por
tan
t
for
pla
nni
ng
pur
pos
es.

A.
B.
C.

D.

AAC
SB:
Ref
 ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
01
Des
crib
e
the
com
pon
ent
s of
con
ven
tion
al
and
con
tem
por
ary
ma
nag
em
ent
acc
oun
ting
syst
ems
2. Wh
(p. ich
45)
of
the
foll
owi
ng
sta
te
me
nts
is
tru
e?

A.

B.
 C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
03
Expl
ain
wha
t is
me
ant
by
dif
ere
nt
cost
s
for
dif
ere
nt
pur
pos
es
3. Wh
(p. ich
56)
of
the
foll
owi
ng
sta
te
me
nts
is
tru
e?
A
cos
t
is:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
 an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
4. Var
(p. iab
47)
le
cos
ts:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
 ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
5. If
(p. pro
47)
du
cti
on
inc
rea
ses
,
var
iab
le
cos
t
will
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
6. As
(p. act
47)
ivit
y
lev
el
dec
rea
ses
,
uni
t
var
iab
le
cos
t:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
7. As
(p. act
47)
ivit
y
lev
el
inc
rea
ses
,
tot
al
var
iab
le
cos
ts:

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
8. Fix
(p. ed
47)
cos
ts:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
9. Wh
(p. ich
47)
of
the
foll
owi
ng
is
not
an
ex
am
ple
of
a
var
iab
le
cos
t?

A.

B.
 C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
10. Wh
(p. ich
42)
of
the
foll
owi
ng
sta
te
me
nts
is
fals
e?

A.

B.
C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
 te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
01
Des
crib
e
the
com
pon
ent
s of
con
ven
tion
al
and
con
tem
por
ary
ma
nag
em
ent
acc
oun
ting
syst
ems
11. Wh
(p. ich
49)
is
the
cor
rec
t
ord
er
of
cos
t
inc
urr
enc
e
in
the
val
ue
cha
in?

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
07
Clas
 sify
cost
s
acc
ordi
ng
to
the
seg
me
nts
of
the
valu
e
chai
n
12. Co
(p. sts
48)
tha
t
can
be
tra
ced
to
a
par
tic
ula
r
cos
t
obj
ect
are
call
ed:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
 Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
13. Ind
(p. ire
48)
ct
cos
ts:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
14. Wh
(p. eth
48)
er
a
cos
t is
cla
ssi
fie
d
as
dir
ect
or
ind
ire
ct
will
de
pe
nd
on:

A.

B.
C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
15. Co
(p. sts
49)
tha
t
can
be
sig
nifi
can
tly
infl
ue
nce
d
by
a
par
tic
ula
r
ma
na
ger
are
:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
06
clas
sify
cost
s as
con
troll
able
or
unc
ontr
olla
ble
16. Wh
(p. ich
52)
of
the
foll
owi
ng
is
not
an
ex
am
ple
of
a
ma
nuf
act
uri
ng
ov
erh
ea
d?

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
17. Pro
(p. du
56)
ct
cos
ts
are
:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
 ma
nuf
act
urer
18. Co
(p. sts
54)
tha
t
are
ex
pe
nd
ed
dur
ing
the
per
iod
in
whi
ch
the
cos
ts
are
inc
urr
ed
are
call
ed:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
19. Wh
(p. ich
54)
of
the
foll
owi
ng
cos
ts
of
a
ma
nuf
act
ure
d
pro
du
ct
is a
per
iod
cos
t?

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
20. Wh
(p. ich
54)
of
the
foll
owi
ng
is
not
a
per
iod
cos
t?

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
 y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
21. Co
(p. st
54)
of
go
ods
pur
cha
sed
incl
ud
es
the
:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
22. Pro
(p. du
52)
ct
cos
ts
co
mp
ris
e:

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
23. Ref
(p. er
52)
to
the
foll
owi
ng
dat
a.

Th
e
pri
me
cos
ts
are
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
24. Ref
(p. er
52)
to
the
foll
owi
ng
dat
a.

Th
e
con
ver
sio
n
cos
ts
are
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
25. Ref
(p. er
52)
to
the
foll
owi
ng
dat
a.

Th
e
pro
du
ct
cos
ts
are
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
26. Ref
(p. er
54)
to
the
foll
owi
ng
dat
a.

Th
e
per
iod
cos
ts
are
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
27. Ref
(p. er
52)
to
the
foll
owi
ng
dat
a.

Th
e
no
n-
ma
nuf
act
uri
ng
cos
ts
are
:

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
28. Ind
(p. ire
52)
ct
ma
teri
al,
ind
ire
ct
lab
our
an
d
oth
er
ma
nuf
act
uri
ng
cos
ts
tha
t
are
nei
the
r
dir
ect
lab
our
nor
dir
ect
ma
teri
al
cos
ts
are
cla
ssi
fie
d
as:

A.
 B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
29. Ind
(p. ire
52)
ct
ma
teri
als
incl
ud
e:

A.

B.
C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
30. On-
(p. cos
52)
ts
on
dir
ect
lab
our
are
cla
ssi
fie
d
as:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
31. De
(p. pre
52)
cia
tio
n
of
fac
tor
y
eq
uip
me
nt
wo
uld
be
cla
ssi
fie
d
as:

A.

B.

C.

D.

AAC
SB:
Ref
 ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
32. Idl
(p. e
52)
tim
e
is:

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
33. Unl
(p. ess
52)
ov
erti
me
an
d
idl
e
tim
e
are
cau
sed
by
a
par
tic
ula
r
job
,
the
y
are
tre
ate
d
as:

A.

B.
 C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
 ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
34. Th
(p. e
54)
flo
w
of
ma
nuf
act
uri
ng
cos
ts
thr
ou
gh
the
sys
te
m
is:

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
 ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
35. Th
(p. e
52,
Ca
54)
sua
l
Fur
nit
ure
Co
mp
an
y
ma
nuf
act
ure
s
out
do
or
fur
nit
ure
an
d
inc
urr
ed
the
foll
owi
ng
cos
ts
dur
ing
the
mo
nth
of
Jan
uar
y.
Th
e
pro
du
ct
cos
ts
are
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
 nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
36. Th
(p. e
52)
Ca
sua
l
Fur
nit
ure
Co
mp
an
y
ma
nuf
act
ure
s
out
do
or
fur
nit
ure
an
d
inc
urr
ed
the
foll
owi
ng
cos
ts
dur
ing
the
mo
nth
of
Jan
uar
y.
 Th
e
per
iod
cos
ts
are
:

A.
B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
 y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
37. Th
(p. e
52)
Ca
sua
l
Fur
nit
ure
Co
mp
an
y
ma
nuf
act
ure
s
out
do
or
fur
nit
ure
an
d
inc
urr
ed
the
foll
owi
ng
cos
ts
dur
ing
the
mo
nth
of
Jan
uar
y.
 Th
e
pri
me
cos
ts
are
:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
38. Th
(p. e
52)
Ca
sua
l
Fur
nit
ure
Co
mp
an
y
ma
nuf
act
ure
s
out
do
or
fur
nit
ure
an
d
inc
urr
ed
the
foll
owi
ng
cos
ts
dur
ing
the
mo
nth
of
Jan
uar
y.
Th
e
con
ver
sio
n
cos
ts
are
:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
39. Th
(p. e
52)
Ca
sua
l
Fur
nit
ure
Co
mp
an
y
ma
nuf
act
ure
s
out
do
or
fur
nit
ure
an
d
inc
urr
ed
the
foll
owi
ng
cos
ts
dur
ing
the
mo
nth
of
Jan
uar
y.
Th
e
ma
nuf
act
uri
ng
ov
erh
ea
d
is:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
40. In
(p. the
52)
ma
nuf
act
uri
ng
fir
m,
inv
ent
ori
es
con
sist
of:

A.

B.
 C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
 Lea
rnin
g
Obj
ecti
ve:
02-
09
Expl
ain
the
dif
ere
nt
defi
niti
ons
of
pro
duc
t
cost
use
d in
ext
ern
al
acc
oun
ting
rep
orts
and
for
deci
sion
ma
king
41. To
(p. cal
56)
cul
ate
the
cos
t of
go
ods
sol
d
dur
ing
the
per
iod
,
yo
u
wo
uld
use
whi
ch
of
the
foll
owi
ng
eq
uat
ion
s?

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
 e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
42. Wo
(p. rk
56)
in
pro
ces
s
inv
ent
ori
es
are
co
mp
ose
d
of:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
 Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
43. Bar
(p. rett
56)
Ind
ust
rie
s
be
ga
n
the
mo
nth
of
Jun
e
wit
ha
fini
she
d
go
ods
inv
ent
ory
of
$1
5
00
0.
Th
e
fini
she
d
go
ods
inv
ent
ory
at
the
en
d
of
Jun
e
wa
s
$1
0
00
0
an
d
the
cos
t of
go
ods
sol
d
dur
ing
the
mo
nth
wa
s
$2
0
00
0.
Th
e
cos
t of
go
ods
ma
nuf
act
ure
d
dur
ing
the
mo
nth
of
Jun
e
wa
s:

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
 d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
44. Fair
(p. chil
56)
d
Pty
Ltd
be
ga
n
Apr
il
wit
ha
fini
she
d
go
ods
inv
ent
ory
of
$2
5
00
0.
Th
e
cos
t of
go
ods
ma
nuf
act
ure
d
dur
ing
the
mo
nth
wa
s
$4
0
00
0
an
d
the
cos
t of
go
ods
sol
d
dur
ing
Apr
il
wa
s
$5
0
00
0.
Th
e
inv
ent
ory
re
ma
ini
ng
in
fini
she
d
go
ods
at
the
en
d
of
Apr
il
wa
s:

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
 of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
45. Bar
(p. rist
56)
er
an
d
Co
mp
an
y
be
ga
n
July
wit
ha
fini
she
d
go
ods
inv
ent
ory
of
$1
0
00
0.
Th
e
cos
t of
go
ods
ma
nuf
act
ure
d
dur
ing
the
mo
nth
wa
s
$8
5
00
0
an
d
the
en
 din
g
fini
she
d
go
ods
inv
ent
ory
wa
s
$2
0
00
0.
Th
e
cos
t of
go
ods
sol
d
dur
ing
July
wa
s:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
 y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
 me
stat
em
ent
for
a
ma
nuf
act
urer
46. Len
(p. co
56)
Ind
ust
rie
s
has
cos
t of
go
ods
ma
nuf
act
ure
d
of
$6
5
00
0
in
Ma
y.
Th
e
fini
she
d
go
ods
inv
ent
ory
at
the
en
d
of
Ma
y
wa
s
$2
0
00
0
an
d
the
cos
t of
go
ods
 sol
d
dur
ing
Ma
y
wa
s
$7
5
00
0.
Th
e
inv
ent
ory
in
fini
she
d
go
ods
at
the
be
gin
nin
g
of
Ma
y
wa
s:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
 ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
47. As
(p. ma
42)
nuf
act
uri
ng
co
mp
ani
es
bec
om
e
mo
re
aut
om
ate
d,
the
ir
cos
t
str
uct
ure
will
cha
ng
e
so
tha
t:

A.

B.
C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
01
Des
crib
e
the
com
pon
ent
s of
con
ven
tion
al
and
con
tem
por
ary
ma
nag
em
ent
acc
oun
ting
syst
ems
48. Co
(p. nv
42)
ent
ion
al
cos
t
ma
na
ge
me
nt
sys
te
ms
use
pro
du
cti
on
vol
um
e
as
the
me
asu
re
of
act
ivit
y.
Co
nte
mp
ora
ry
sys
te
ms
mi
ght
use
whi
ch
of
the
foll
owi
ng
as
act
ivit
y
 me
asu
res
:

A.

B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Lea
rnin
g
Obj
ecti
ve:
02-
01
Des
crib
e
the
com
pon
ent
s of
con
ven
tion
al
and
con
tem
por
ary
ma
nag
em
ent
acc
oun
ting
syst
ems
49. Wh
(p. ich
45)
of
the
foll
owi
ng
ter
ms
acc
ura
tel
y
des
cri
bes
all
thr
ee
ma
nuf
act
uri
ng
cos
ts
(i.e
.
dir
ect
ma
teri
als,
dir
ect
lab
our
an
d
ma
nuf
act
uri
ng
ov
erh
ea
d)?

A.
 B.

C.

D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
03
Expl
ain
wha
t is
me
ant
 by
dif
ere
nt
cost
s
for
dif
ere
nt
pur
pos
es
50. Th
(p. e
45)
mo
nth
ly
cos
t of
ren
tin
g
ma
nuf
act
uri
ng
eq
uip
me
nt
is:

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
03
Expl
 ain
wha
t is
me
ant
by
dif
ere
nt
cost
s
for
dif
ere
nt
pur
pos
es
51. Wit
(p. h
56)
res
pec
t to
the
flo
w
of
ma
nuf
act
uri
ng
cos
ts
thr
ou
gh
the
acc
ou
nts
,
wh
at
do
es
the
en
din
g
bal
anc
e
of
wo
rk
in
pro
ces
s
acc
ou
nt
sho
w?

A.
B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
 goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
52. Wh
(p. ich
56)
of
the
foll
owi
ng
sta
te
me
nts
cor
rec
tly
co
mp
let
es
thi
s
sen
ten
ce?
‘Fo
ra
fir
m
tha
t
ma
nuf
act
ure
s
flo
or
tile
s,
wh
en
the
tile
s
are
co
mp
let
ed
an
d
rea
dy
for
sal
e
…'

A.

B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
 par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
nuf
act
urer
53. Wh
(p. ich
48)
of
the
foll
owi
ng
sta
te
me
nts
is
cor
rec
t in
rel
ati
on
to
det
er
mi
nin
g
wh
eth
er
a
cos
t is
dir
ect
or
ind
ire
ct?

A.
B.
C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
54. Ch
(p. oos
42)
e
the
sta
te
me
nt
tha
t
bes
t
co
mp
let
es
thi
s
sen
ten
ce:
‘Co
nv
ent
ion
al
ma
na
ge
me
nt
acc
ou
nti
ng
foc
use
s
on
…'

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Lea
rnin
g
Obj
ecti
ve:
 02-
01
Des
crib
e
the
com
pon
ent
s of
con
ven
tion
al
and
con
tem
por
ary
ma
nag
em
ent
acc
oun
ting
syst
ems
55. Eld
(p. erv
49)
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
an
ex
am
ple
of
an
ups
tre
am
cos
t?

A.
B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
07
Clas
sify
cost
s
acc
ordi
ng
to
the
seg
me
nts
of
the
valu
e
chai
n
56. Eld
(p. erv
49)
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
NO
T
an
ex
am
ple
of
an
ups
tre
am
cos
t?

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
 ing
Lea
rnin
g
Obj
ecti
ve:
02-
07
Clas
sify
cost
s
acc
ordi
ng
to
the
seg
me
nts
of
the
valu
e
chai
n
57. Eld
(p. erv
49)
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
an
ex
am
ple
of
a
do
wn
str
ea
m
cos
t?

A.
B.

C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
07
Clas
sify
cost
s
acc
ordi
ng
to
the
seg
me
nts
of
the
valu
e
chai
n
58. Eld
(p. erv
49)
ale
Wi
ner
y is
a
pro
du
cer
of
pre
mi
um
win
e.
Wh
ich
of
the
foll
owi
ng
is
NO
T
an
ex
am
ple
of
a
do
wn
str
ea
m
cos
t?

A.
B.

C.
D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
07
Clas
sify
cost
s
acc
ordi
ng
to
the
seg
me
nts
of
the
valu
e
chai
n
59. My
(p. das
48)
Ltd
op
era
tes
a
lar
ge
fac
tor
y
whi
ch
ma
nuf
act
ure
s
thr
ee
typ
es
of
mo
tor
ve
hicl
es,
incl
udi
ng
fa
mil
y
car
s,
spo
rts
car
s
an
d
mo
tor
cyc
les.
If
the
cos
t
obj
ect
is a
mo
tor
cyc
le,
whi
ch
of
the
foll
owi
ng
is a
dir
ect
cos
t?

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
60. My
(p. das
48)
Ltd
op
era
tes
a
lar
ge
fac
tor
y
whi
ch
ma
nuf
act
ure
s
thr
ee
typ
es
of
mo
tor
ve
hicl
es,
incl
udi
ng
fa
mil
y
sed
ans
,
spo
rts
car
s
an
d
mo
tor
cyc
les.
If
the
cos
t
obj
ect
is a
fa
mil
y
car
,
whi
ch
of
the
foll
owi
ng
is
an
ind
ire
ct
cos
t?

A.

B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
61. A
(p. res
48)
po
nsi
bili
ty
cen
tre
….

A.

B.
C.

D.
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
62. Sal
(p. ly
48)
Str
on
g is
the
pro
du
cti
on
ma
na
ger
of
Eld
erv
ale
Wi
ner
y.
Her
rol
e
incl
ud
es
ov
ers
eei
ng
the
pro
du
cti
on
an
d
bot
tlin
g
pro
ces
ses
of
Eld
erv
ale
Wi
ner
y's
thr
ee
pro
du
ct
lin
es:
spa
rkli
ng
win
e,
red
win
e
an
d
whi
te
win
e.
Wh
ich
of
the
foll
owi
ng
is
mo
st
like
ly
an
ex
am
ple
of
an
un
con
trol
lab
le
cos
t
for
Sal
ly?

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
63. Sal
(p. ly
48)
Str
on
g is
the
pro
du
cti
on
ma
na
ger
of
Eld
erv
ale
Wi
ner
y.
Her
rol
e
incl
ud
es
ov
ers
eei
ng
the
pro
du
cti
on
an
d
bot
tlin
g
pro
ces
ses
of
Eld
erv
ale
Wi
ner
y's
thr
ee
pro
du
ct
lin
es:
spa
rkli
ng
win
e,
red
win
e
an
d
whi
te
win
e.
Wh
ich
of
the
foll
owi
ng
is
mo
st
like
ly
to
an
ex
am
ple
of
a
con
trol
lab
le
cos
t
for
Sal
ly?

A.
B.

C.
 D.

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
64. Be
(p. ha
48)
vio
ur
of
fix
ed
an
d
var
iab
le
cos
ts.
Co
mp
are
an
d
con
tra
st
the
be
ha
vio
ur
of
fix
ed
an
d
var
iab
le
cos
ts
in
tot
al
an
d
per
uni
t.

AAC
SB:
Co
mm
unic
atio
n
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Co
mm
unic
atio
n
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
65. De
(p. scri
49)
be
ho
w
the
val
ue
cha
in
can
hel
pa
bus
ine
ss
an
aly
se
its
cos
t
str
uct
ure
s.
Wh
at
is
me
ant
by
ups
tre
am
cos
ts
an
d
do
wn
str
ea
m
cos
ts?
Giv
e
ex
am
ple
s.
AAC
SB:
Co
mm
unic
atio
n
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Co
mm
unic
atio
n
Lea
rnin
g
Obj
ecti
ve:
02-
07
Clas
sify
cost
s
acc
ordi
ng
to
the
seg
me
nts
of
the
valu
e
chai
n
66. Ke
(p. vin
48)
Sm
ith
is
the
pro
du
cti
on
ma
na
ger
of
My
das
Ltd
,a
co
mp
an
y
tha
t
ma
nuf
act
ure
sa
ran
ge
of
mo
tor
ve
hicl
es.
His
rol
e
incl
ud
es
ov
ers
eei
ng
the
ent
ire
pro
du
cti
on
pro
ces
s
of
My
das
Ltd
's
thr
ee
pro
du
ct
lin
es:
fa
mil
y
car
s,
spo
rts
car
s,
an
d
mo
tor
cyc
les.
On
ce
co
mp
let
ed,
all
the
car
s
are
shi
pp
ed
to
Au
str
alia
,
Chi
na
an
d
Kor
ea
by
the
co
mp
an
y's
shi
ppi
ng
an
d
tra
nsp
ort
ati
on
de
par
tm
ent
.
Ide
ntif
y
tw
o
ex
am
ple
s
of
con
trol
lab
le
cos
ts
an
d
tw
o
ex
am
ple
s
of
un
con
trol
lab
le
cos
ts
 for
Ke
vin
.
Ex
pla
in
yo
ur
ans
wer
.

AAC
SB:
Co
mm
unic
atio
n
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Dif
cult
Gra
dua
te
Attr
ibut
e:
Co
mm
unic
atio
n
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect

67. Onl
(p. y
42)
lon
g-
ter
m
dec
isio
ns
req
uir
e
an
un
der
sta
ndi
ng
of
cos
ts.

FA
LS
E

AAC
SB:
Ana
lytic
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
 02-
01
Des
crib
e
the
com
pon
ent
s of
con
ven
tion
al
and
con
tem
por
ary
ma
nag
em
ent
acc
oun
ting
syst
ems
68. Dir
(p. ect
48)
an
d
ind
ire
ct
cos
t
cla
ssi
fica
tio
n is
bas
ed
on
cos
t
be
ha
vio
ur
in
rel
ati
on
to
cha
ng
es
in
the
lev
el
of
act
ivit
y.

FA
LS
E

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
 g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
69. Pri
(p. me
52)
cos
ts
is
the
ter
m
giv
en
to
dir
ect
lab
our
an
d
dir
ect
ma
teri
als,
as
the
y
are
the
ma
jor
cos
ts
dir
ect
ly
ass
oci
ate
d
wit
h
the
ma
nuf
act
ure
of
a
pro
du
ct.

TR
UE
AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
08
Ana
lyse
cost
s
usin
g
the
clas
sific
atio
ns
com
mo
nly
use
d in
ma
nuf
act
urin
g
busi
nes
ses
70. Co
(p. sts
49)
tha
t
ma
na
ger
s
can
not
sig
nifi
can
tly
infl
ue
nce
are
cla
ssi
fie
d
as
un
con
trol
lab
le
cos
ts.

TR
UE

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
06
clas
sify
cost
s as
con
troll
able
or
unc
ontr
olla
ble

71. A
(p. cou
48)
rier
co
mp
an
y
ma
y
vie
w
kilo
me
tre
s
dri
ve
n
as
a
pos
sibl
e
cos
t
dri
ver
.

TR
UE

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
 ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
72. In
(p. rel
49)
ati
on
to
the
act
ivit
ies
of
the
val
ue
cha
in
of
a
ma
nuf
act
uri
ng
co
mp
an
y,
pri
ma
ry
pro
ces
ses
incl
ud
e
acc
ou
nti
ng
an
d
leg
al
act
ivit
ies.

FA
LS
E

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Med
ium
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
05
Clas
sify
cost
s as
dire
ct
or
indi
rect
73. Ma
(p. nuf
56)
act
uri
ng
org
ani
sat
ion
s
ha
ve
fou
r
inv
ent
ory
acc
ou
nts
–
ra
w
ma
teri
als,
wo
rk
in
pro
ces
s,
cos
t of
go
ods
sol
d
an
d
fini
she
d
go
ods
.

FA
LS
E

AAC
SB:
Ref
 ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
 nuf
act
urer

74. Inv
(p. ent
56)
ori
abl
e
cos
ts
incl
ud
e
dir
ect
ma
teri
als,
dir
ect
lab
our
,
ma
nuf
act
uri
ng
ov
erh
ea
ds
an
d
per
iod
cos
ts
for
tha
t
acc
ou
nti
ng
per
iod
.

FA
LS
E

AAC
 SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
 a
ma
nuf
act
urer

75. Fix
(p. ed
47)
cos
ts
per
uni
t
dec
rea
se
as
act
ivit
y
lev
els
inc
rea
se.

TR
UE

AAC
SB:
Ref
ecti
ve
Dif
cult
y:
Eas
y
Gra
dua
te
Attr
ibut
e:
Pro
ble
m
Solv
ing
Lea
rnin
g
Obj
ecti
ve:
02-
04
Clas
sify
cost
s
acc
ordi
ng
to
thei
r
beh
avio
ur --
that
is,
as
vari
able
or
fixe
d
76. Th
(p. e
56)
eq
uat
ion
to
cal
cul
ate
tot
al
ma
nuf
act
uri
ng
cos
ts
=
cos
t of
go
ods
ma
nuf
act
ure
d–
be
gin
nin
g
wo
rk
in
pro
ces
s+
en
din
g
wo
rk
in
pro
ces
s.

TR
UE

AAC
SB:
Ref
 ecti
ve
Dif
cult
y:
Eas
y
Lea
rnin
g
Obj
ecti
ve:
02-
10
Des
crib
e
the
cost
fow
s in
a
ma
nuf
act
urin
g
busi
nes
s
and
pre
par
ea
sch
edu
le
of
cost
of
goo
ds
ma
nuf
act
ure
d, a
sch
edu
le
of
cost
of
goo
ds
sold
and
an
inco
me
stat
em
ent
for
a
ma
 nuf
act
urer
Chapter 02 Testbank Summary

Ca #
te of
go Qu
ry est
ion
s
AA 1
CS
B:
An
aly
tic
AA 3
CS
B:
Co
m
mu
nic
ati
on
AA 73
CS
B:
Re
fle
cti
ve
Di 10
ffic
ult
y:
Di
ffic
ult
Di 27
ffic
ult
y:
Ea
sy
Di 39
ffic
ult
y:
Me
diu
m
Gr 3
ad
ua
te
Att
rib
ut
e:
Co
m
mu
nic
ati
on
Gr 43
ad
ua
te
Att
rib
ut
e:
Pro
ble
m
Sol
vin
g
Le 6
ar
nin
g
Ob
jec
tiv
e:
02
-
01
De
scr
ibe
th
ec
om
po
ne
nts
of
co
nv
en
tio
nal
an
dc
on
te
mp
or
ary
ma
na
ge
me
nt
ac
co
un
tin
gs
yst
em
s
Le 3
ar
nin
g
Ob
jec
tiv
e:
02
-
03
Ex
pla
in
wh
at i
s
me
an
tb
yd
iffe
re
nt
co
sts
for
diff
ere
nt
pu
rp
os
es
Le 7
ar
nin
g
Ob
jec
tiv
e:
02
-
04
Cla
ssi
fy
co
sts
ac
cor
din
gt
ot
hei
rb
eh
avi
ou
r --
th
at i
s,
as
var
iab
le
or
fix
ed
Le 14
ar
nin
g
Ob
jec
tiv
e:
02
-
05
Cla
ssi
fy
co
sts
as
dir
ect
or i
ndi
rec
t
Le 2
ar
nin
g
Ob
jec
tiv
e:
02
-
06
cla
ssi
fy
co
sts
as
co
ntr
oll
abl
eo
ru
nc
on
tro
lla
ble
Le 6
ar
nin
g
Ob
jec
tiv
e:
02
-
07
Cla
ssi
fy
co
sts
ac
cor
din
gt
ot
he
se
gm
en
ts
of
th
ev
alu
ec
hai
n
Le 17
ar
nin
g
Ob
jec
tiv
e:
02
-
08
An
aly
se
co
sts
usi
ng
th
ec
las
sifi
cat
ion
sc
om
mo
nly
us
ed
in
ma
nuf
act
uri
ng
bu
sin
es
se
s
Le 9
ar
nin
g
Ob
jec
tiv
e:
02
-
09
Ex
pla
in t
he
diff
ere
nt
de
fini
tio
ns
of
pr
od
uct
co
st
us
ed
in
ext
er
nal
ac
co
un
tin
gr
ep
ort
sa
nd
for
de
cis
ion
ma
kin
g
Le 13
ar
nin
g
Ob
jec
tiv
e:
02
-
10
De
scr
ibe
th
ec
ost
flo
ws
in
a
ma
nuf
act
uri
ng
bu
sin
es
sa
nd
pr
ep
are
as
ch
ed
ule
of
co
st
of
go
od
s
ma
nuf
act
ur
ed,
as
ch
ed
ule
of
co
st
of
go
od
ss
old
an
da
ni
nc
om
es
tat
em
en
tf
or
a
ma
nuf
act
ur
er