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Intangibleproductsaregoodsproducedbyconvertingrawmaterialintofinishedproducts 1. Servicesdifferfromtangibleproductsonthreedimension:intangibility,perishability,andinseparability. a. True b. False 2. Intangibleproductsaregoodsproducedbyconvertingrawmaterialintofinishedproductsthroughtheuseoflaborandcapitalinputs. a. True b. False 3. Productioncostsarecostsassociatedwithmanufacturinggoodsorprovidingservicesandareclassifiedasdir ...

Other / Other 27 May 2016

Gross margin is the difference between and the cost of goods or services sold 1. Gross margin is the difference between and the cost of goods or services sold. 2. incomeisthedifferencebetweengrossmarginandsellingandadministrativeexpenses. 3. Costmanagementsystemsaremadeupoftwosubsystems:the accountingsystemandthe controlsystem. 4. Generally,moremanagerialobjectivescanbemetwithanactivity-basedsystemthanwitha system. 5 ...

Other / Other 27 May 2016

Expiredcostsusedupinthegenerationofrevenuesarecalled 1. Asubsystemoftheaccountinginformationsystemdesignedtosatisfycosting,controllinganddecisionmakingobjectivesiscalledthe system. 2. Thecostmanagementsubsystemdesignedtoprovideaccurateandtimelyfeedbackconcerningtheperformanceofmanagersrelative totheir control ofactivities is the informationsystem. 3. Theoverallobjectiveofaccountinginformationistoprovideinformationto . 4. The ...

Other / Other 27 May 2016

Which of the following is an example of a possible cost object 1. Acostusedupintheproductionofrevenuesisa(n) a. unexpiredcost. b. loss. c. expense. d. asset. 2. Whichofthefollowingisanexampleofaloss? a. thecostofaproductdeliveredtoacustomer b. thecostofadeliveredadvertisingcampaign c. thecostofthepurchaseofequipment d. thewrite-offofanobsoleteproduct 3. Whichofthefollowingisanexampleofanexpense? a. thecostofaproposedadvertising ...

Other / Other 27 May 2016

In an accounting information system, the inputs are usually 1. Inacompanythatsuppliesmuffinstobakeries,whichofthefollowingwouldNOTbeconsideredaninput? a. deliveredmuffins b. flour c. egg d. oil 2. Inacompanythatsuppliesmuffinstobakeries,whichofthefollowingwouldNOTbeconsideredatransformingprocess? a. deliveredmuffins b. baking c. packaging d. mixing 3. Inacompanythatsuppliesmuffinstobakeries,whichofthefollowingwouldbeconsideredat ...

Other / Other 27 May 2016

Factors that cause changes in resource usage, activity usage, costs and revenues are called 1. Factors that cause changes in resource usage, activity usage, costs and revenues are called a. indirectcosts. b. drivers. c. assignments. d. costobjects. 2. Themostlikelymethodtoassignthecostofanassembly-linesupervisorwhentheassemblylineisthecostobjectisthe: a. drivertracingmethod b. arbitrationmethod c. allocationmethod d. directtraci ...

Other / Other 27 May 2016

The overall objective of accounting information systems is to 1. Thesetofinterrelatedpartsthatperformsoneormoreprocessestoaccomplishspecificobjectivesiscalleda(n): a. costobjective b. system c. activity d. costdriver 2. The overall objective of accounting information systems is to a. provideinformationtousers. b. managetheorganization. c. preparefinancialreports. d. reporttothegovernment. 3. Inanaccountinginformationsystem, ...

Other / Other 27 May 2016

Thecostaccountingsystemthatemphasizestracingoverallocationiscalledanactivity 1. Costmanagementsystemscanbebroadlyclassifiedastraditionaloractivitybased. a. True b. False 2. Atraditionalcostaccountingsystemassumesthatallcostscanbeclassifiedasfixedwithrespecttochangesintheunitsorvolumeproduced. a. True b. False 3. Theoverallobjectiveofanactivity-basedcostmanagementsystemistomanageactivitiestoreducecostsandimprovecustomervalue. a ...

Other / Other 27 May 2016

Costassignmentisoneofthekeyprocessesofthecostaccountingsystem 1. Costassignmentisoneofthekeyprocessesofthecostaccountingsystem. a. True b. False 2. Costisthecashorcashequivalentvaluesacrificedforgoodsandservicesthatareexpectedtobringacurrentorfuturelosstothecompany. a. True b. False 3. Thethreemethodsofcostassignmentaredirecttracing,drivertracing,andallocation. a. True b. False 4. Assigningcostsaccuratelytocostobjectsiso ...

Other / Other 27 May 2016

Which of the following is a major sub system of the cost accounting information system 1. Whichofthefollowingisacostmanagementsubsystemdesignedtoprovideaccurateandtimelyfeedbackconcerningtheperformanceofmanagersandothersrelativetotheirplanningandcontrolofactivities? a. financialaccountinginformationsystem b. operationalcontrolinformationsystem c. costaccountinginformationsystem d. alloftheabove 2. Theaccountinginformationsubsystemtha ...

Other / Other 27 May 2016