管理会计示范性双语课件习题02

1CHAPTER2COSTMANAGEMENTCONCEPTSANDCOSTBEHAVIORTRUE/FALSE1.Thereisnosingledefinitionofcost.a.Trueb.False2.Theroleofthemanagementaccountantistotailorthecostcalculationtofitthecurrentdecisionsituation.a.Trueb.False3.Acostthatisusefulforonedecisionmaynotbeusefulinformationforanotherdecision.a.Trueb.False4.Inmostorganizations,managingnonmanufacturingcostsaswellasmanufacturingcostsisimportantforfinancialsuccess.a.Trueb.False5.Thecostofacustomizedmachineonlyusedintheproductionofasingleproductwouldbeclassifiedasadirectcost.a.Trueb.False6.Thewagesofaplantsupervisorwouldbeclassifiedasaperiodcost.a.Trueb.False7.Theclassificationofproductandperiodcostsisparticularlyvaluableinmanagementaccounting.a.Trueb.False8.Forexternalreporting,generallyacceptedaccountingprinciplesrequirethatcostsbeclassifiedaseitherflexibleorcapacity-relatedcosts.a.Trueb.False9.Knowingwhetheracostisaperiodoraproductcosthelpstoestimatetotalcostatanewlevelofactivity.a.Trueb.False210.Flexiblecostsarealwaysdirectcosts.a.Trueb.False11.Capacity-relatedcostsvarywiththelevelofproductionorsalesvolume.a.Trueb.False12.Currently,mostpersonnelcostsareclassifiedascapacity-relatedcosts.a.Trueb.False13.Somecapacity-relatedcostsmightbeclassifiedasdirectmanufacturingcosts.a.Trueb.False14.Capacity-relatedcostsdependontheresourcesused,nottheresourcesacquired.a.Trueb.False15.Break-evenpointisNOTanimportantconceptsincethegoalofbusinessistomakeaprofit.a.Trueb.False16.Toperformcost-volume-profitanalysis,acompanymustbeabletoseparatecostsintocapacity-relatedandflexiblecomponents.a.Trueb.False17.Cost-volume-profitanalysismaybeusedforsingle-productandmultiproductanalysis.a.Trueb.False18.Sellingpriceperunitis$30,flexiblecostperunitis$15,andcapacity-relatedcostperunitis$10.Whenthiscompanyoperatesabovethebreak-evenpoint,thesaleofonemoreunitwillincreasenetincomeby$5.a.Trueb.False19.Acompanywithsalesof$100,000,flexiblecostsof$70,000,andcapacity-relatedcostsof$50,000willreachitsbreak-evenpointifsalesareincreasedby$20,000.a.Trueb.False320.Inmultiproductsituationswhenthesalesmixshiftstowardtheproductwiththelowestcontributionmargin,thebreak-evenquantitywilldecrease.a.Trueb.False21.Theopportunitycostofaresourceiszeroifthereisexcesscapacityofthatresource.a.Trueb.False22.Whenafirmmaximizesprofitsitwillsimultaneouslyminimizeopportunitycosts.a.Trueb.False23.Evenwhentheonlyconstraintlimitingproductionismachinetime,acompanyshouldbemostconcernedwithmaximizingcontributionmarginperunit.a.Trueb.False24.Thetimeoverwhichadecisionmakercanadjustcapacityisreferredtoastheshortrun.a.Trueb.False25.Forgeneralcustomers,thepricechargedforaproductmustcoveritslong-runcosttotheorganization.a.Trueb.False26.Inrecentyears,capacity-relatedcostshaveincreasedasaproportionoftotalmanufacturingcosts.a.Trueb.False27.Machinesetupcostsareusuallyclassifiedasabusiness-sustainingactivity.a.Trueb.False28.Thebenefitsofclassifyingactivitiesusingthebroaderframeworkofunit-related,batch-related,product-sustaining,customer-sustaining,andbusiness-sustainingactivitiesaretherearegenerallymorecoststhataredirectlytraceabletocostobjects.a.Trueb.False29.Productlife-cyclecostinghelpsorganizationsdecidewhetheranewproductshouldbelaunched.a.Trueb.False4MULTIPLECHOICE30.Anexampleofacostobjectis:a.aproductb.acustomerc.adepartmentd.Alloftheabovearecorrect.31.Manufacturingcostsinclude:a.machineryusedinsideofthefactoryb.researchanddevelopmentcostsc.costsofdealingwithcustomersafterthesaled.generalandadministrativecosts32.ManufacturingcostsincludeallofthefollowingEXCEPT:a.costsincurredinsidethefactoryb.bothdirectandindirectcostsc.bothflexibleandcapacity-relatedcostsd.bothproductandperiodcosts33.Nonmanufacturingcosts:a.includeonlycapacity-relatedcostsb.seldominfluencefinancialsuccessorfailurec.includethecostofselling,distribution,andafter-salescostsforcustomersd.areconsideredbyGAAPtobeanelementofproductcosts34.Productcosts:a.includeadministrativeandmarketingcostsb.areparticularlyusefulinfinancialaccountingc.areexpensedintheaccountingperiodmanufacturedd.arealsoreferredtoasnonmanufacturingcosts35.Forexternalreporting:a.costsareclassifiedaseitherproductorperiodcostsb.costsreflectcurrentvaluesc.therearenoprescribedrulessincenooneisexactlysurehowtheinvestorsandcreditorswillusethesenumbersd.expensesincludeamountsthatreflectcurrentandfuturebenefits36.Productcostsareexpensedontheincomestatementwhen:a.rawmaterialsfortheproductarepurchasedb.rawmaterialsarerequisitionedfortheproductc.theproductcompletesthemanufacturingprocessd.theproductissold537.Depreciationofplantfacilitiesisclassifiedasa(n):a.directmaterialcostb.directlaborcostc.indirectmanufacturingcostd.generalandadministrativecost38.ThecostofinventoryreportedonthebalancesheetmayincludethecostofallthefollowingEXCEPT:a.advertisingb.wagesoftheplantsupervisorc.depreciationofthefactoryequipmentd.partsusedinthemanufacturingprocess39.Aplantmanufacturesseveraldifferentproducts.Thewagesoftheplantsupervisorcanbeclassifiedasa:a.directcostb.productcostc.flexiblecostd.nonmanufacturingcost40.Periodcosts:a.aretreatedas