Question Details

In a cost management system, the cost view does NOT include 



Figure2-16
Asmallenginerepairshoppurchasedmaterialscosting$9,000inJuly.Thebeginninginventoryofmaterialpartswas$4,500andtheendinginventoryofmaterialpartswas$4,000.PaymentsfordirectlaborforJulytotaled$27,000,secretarialcostswere$2,000,andoverheadof$5,000wasincurred.Inaddition,$5,000wasspentonadvertisingand$2,000forthefranchisename.RevenueforJulywas$50,000.

1.	RefertoFigure2-16.WhatisthecostofservicessoldforJuly?
a.$41,500
b.$43,500
c.$50,500
d.$40,500


2.	RefertoFigure2-16.WhatisthegrossmarginforJuly?
a.$41,500
b.$43,500
c.$1,500
d.$8,500


3.	Oneormoreofthefollowingis(are)acostaccountingsystem(s)thatuse(s)onlyunit-basedactivitydriverstoassigncoststocostobjects.
a.	Activity-basedmanagement
b.	Activity-basedcostingsystem
c.	Functional-basedcostmanagementsystem
d.	Bothaandb


4.	Whichofthefollowingwouldbeassociatedwithafunctional-basedcostaccountinginformationsystem?
a.	setupcostsassignedtoproductsusingthenumberofsetupsasthedriver
b.	materialshandlingcostsassignedtoproductsusingthenumberofmovesastheactivitydriver
c.	customerservicecostsassignedtoproductsusingthenumberofcomplaintsastheactivitydriver
d.	purchasingcostsassignedtoproductsusingnumberofdirectlaborhoursastheactivitydriver


 
5.	Inafunctional-basedmanagementsystem,oneisNOTlikelytofind
a.	unit-andnon-unit-basedcostdrivers.
b.	maximizationofindividualunitperformance.
c.	narrowandrigidproductcosting.
d.	allocationintensivecostassignment.


6.	In a cost management system, the cost view does NOT include 
a.	resources.
b.	activities.
c.	driveranalysis.
d.	productsandcustomers.




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