The following information pertains to Fry Enterprises: \[\begin{array} { l c } \text { Cost of goods manufactured } & \$ 450,000 \\ \text { Bepinning wark-in-process inventary } & 210,000 \\ \text { Ending work-in-process inventory } & 180,000 \\ \text { Manufacturing overhead } & 150,000 \end{array}\] What are the prime costs for the year?

A) $270,000 B) $300,000 C) $360,000 D) $480,000 A) $270,000 B) $300,000 C) $360,000 D) $480,000

Exam 1: A: Basic Cost Management Concepts

Which of the following focuses on the management of activities with the objective of improving the value received by the customer and the profit received by providing this value?

(Multiple Choice)

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Question 61

Which of the following approaches has NOT led to advancements in the manufacturing environment?

(Multiple Choice)

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Question 62

Which of the following are addressed by the standards of ethical professional practice of the Institute of Management Accountants?

(Multiple Choice)

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Question 63

In an accounting information system,which of the following are part of the transformation process?

(Multiple Choice)

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Question 64

What is the primary role of an employee in a staff position?

(Multiple Choice)

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Question 65

In a company that supplies garlic bread to pizza restaurants,what would the delivered garlic bread be considered?

(Multiple Choice)

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Question 66

Which of the following costs incurred by a furniture manufacturer is a product cost?

(Multiple Choice)

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Question 67

What type of account appears on the financial statements of manufacturing firms only?

(Multiple Choice)

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Question 68

Which costing activity is associated with the financial accounting system?

(Multiple Choice)

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Question 69

Which of the following job positions is a line position?

(Multiple Choice)

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Question 70

What is setting the selling price of a company's product an example of?

(Multiple Choice)

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Question 71

In resolving an ethical conflict,it would be inappropriate to discuss the problem with other employees because of a violation of which standard of ethical conduct for management accountants?

(Multiple Choice)

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Question 72

What is the term for the cash or cash equivalent value sacrificed for goods and services that are expected to bring a current or future benefit to the organization?

(Multiple Choice)

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Question 73

In regard to products,what is the definition of perishability?

(Multiple Choice)

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Question 74

Which of the following costs would NOT be included in calculating inventory values under the absorption-costing basis?

(Multiple Choice)

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Question 75

Which of the following is NOT a process associated with an accounting information system?

(Multiple Choice)

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Question 76

The following information pertains to Fry Enterprises: Cost of goods manufactured \ 450,000 Bepinning wark-in-process inventary 210,000 Ending work-in-process inventory 180,000 Manufacturing overhead 150,000 What are the prime costs for the year?

(Multiple Choice)

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Question 77

The cost of goods sold for a manufacturing firm for the month of January was $90,000.The finished goods inventory was $15,000 on January 1 and $17,500 on January 31.Beginning and ending work-in-process inventories were $20,000 and $25,000,respectively.What was the cost of goods manufactured during January?

(Multiple Choice)

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Question 78

Which of the following positions would most likely be a staff position?

(Multiple Choice)

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Question 79

In an accounting information system,what usually are the inputs?

(Multiple Choice)

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Question 80

Showing 61 - 80 of 239

Which of the following focuses on the management of activities with the objective of improving the value received by the customer and the profit received by providing this value?

Which of the following approaches has NOT led to advancements in the manufacturing environment?

Which of the following are addressed by the standards of ethical professional practice of the Institute of Management Accountants?

In an accounting information system,which of the following are part of the transformation process?

What is the primary role of an employee in a staff position?

In a company that supplies garlic bread to pizza restaurants,what would the delivered garlic bread be considered?

Which of the following costs incurred by a furniture manufacturer is a product cost?

What type of account appears on the financial statements of manufacturing firms only?

Which costing activity is associated with the financial accounting system?

Which of the following job positions is a line position?

What is setting the selling price of a company's product an example of?

In resolving an ethical conflict,it would be inappropriate to discuss the problem with other employees because of a violation of which standard of ethical conduct for management accountants?

What is the term for the cash or cash equivalent value sacrificed for goods and services that are expected to bring a current or future benefit to the organization?

In regard to products,what is the definition of perishability?

Which of the following costs would NOT be included in calculating inventory values under the absorption-costing basis?

Which of the following is NOT a process associated with an accounting information system?

The following information pertains to Fry Enterprises: Cost of goods manufactured \ 450,000 Bepinning wark-in-process inventary 210,000 Ending work-in-process inventory 180,000 Manufacturing overhead 150,000 What are the prime costs for the year?

Which of the following positions would most likely be a staff position?

In an accounting information system,what usually are the inputs?

B: Basic Cost Management Concepts

Cost Behaviour

Cost-Volume-Profit Analysis

Job-Order Costing Systems

Process Costing

Activity-Based Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Responsibility Accounting,performance Evaluation,and Transfer Pricing

Tactical Decision Making

Pricing and Profitability Analysis

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Inventory Management: Economic Order Quantity,jit,and the Theory of Constraints

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