Question 1

A partial listing of costs incurred during February at Urfer Corporation appears below:  
-The total of the period costs listed above for February is:

Accepted Answer

A) $379,000 
B) $277,000 
C) $61,000 
D) $318,000 
A) $379,000 
B) $277,000 
C) $61,000 
D) $318,000

Question 2

Differential costs can be either fixed or variable.

Accepted Answer

A) True 
 B)False

Question 3

Direct labor is a part of both prime cost and conversion cost.

Accepted Answer

A) True 
 B)False

Question 4

A lawnmower manufacturer computed a cost per unit of $53 by adding together last month's direct labor,direct materials,and manufacturing overhead and dividing that total by the 10,000 units produced last month.(There were no beginning or ending inventories. ) If 9,000 units are going to be manufactured this month,we would expect that the:

Accepted Answer

A) cost per unit will remain the same. 
B) cost per unit will decrease. 
C) direction of change in unit costs cannot be determined. 
D) cost per unit will increase. 
A) cost per unit will remain the same. 
B) cost per unit will decrease. 
C) direction of change in unit costs cannot be determined. 
D) cost per unit will increase.

Question 5

The following cost data pertain to the operations of Polek Department Stores,Inc. ,for the month of March.   The Northridge Store is just one of many stores owned and operated by the company.The Cosmetics Department is one of many departments at the Northridge Store.The central warehouse serves all of the company's stores.
-What is the total amount of the costs listed above that are NOT direct costs of the Northridge Store?

Accepted Answer

A) $39,000 
B) $66,000 
C) $79,000 
D) $147,000 
A) $39,000 
B) $66,000 
C) $79,000 
D) $147,000

Question 6

A partial listing of costs incurred at Peggs Corporation during September appears below:  
-The total of the manufacturing overhead costs listed above for September is:

Accepted Answer

A) $71,000 
B) $351,000 
C) $669,000 
D) $40,000 
A) $71,000 
B) $351,000 
C) $669,000 
D) $40,000

Question 7

Machowski Corporation has provided the following partial listing of costs incurred during November:   Required:
a.What is the total amount of product cost listed above? Show your work.
b.What is the total amount of period cost listed above? Show your work.

Accepted Answer

The answer of Machowski Corporation has provided the following partial...

Question 8

The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year:   Bharath's cost of goods sold was $653,000.What was Bharath's cost of goods manufactured?

Accepted Answer

A) $660,000 
B) $670,000 
C) $682,000 
D) $689,000 
A) $660,000 
B) $670,000 
C) $682,000 
D) $689,000

Question 9

A partial listing of costs incurred during February at Urfer Corporation appears below:  
-The total of the product costs listed above for February is:

Accepted Answer

A) $277,000 
B) $595,000 
C) $318,000 
D) $61,000 
A) $277,000 
B) $595,000 
C) $318,000 
D) $61,000

A partial listing of costs incurred during February at Urfer Corporation appears below: -The total of the period costs listed above for February is:

Differential costs can be either fixed or variable.

Direct labor is a part of both prime cost and conversion cost.

A partial listing of costs incurred at Peggs Corporation during September appears below: -The total of the manufacturing overhead costs listed above for September is:

Machowski Corporation has provided the following partial listing of costs incurred during November: Required: a.What is the total amount of product cost listed above? Show your work. b.What is the total amount of period cost listed above? Show your work.

The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year: Bharath's cost of goods sold was $653,000.What was Bharath's cost of goods manufactured?

A partial listing of costs incurred during February at Urfer Corporation appears below: -The total of the product costs listed above for February is:

Managerial Accounting and the Business Environment

Cost Behavior: Analysis and Use

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Variable Costing: a Tool for Management

Activity-Based Costing: a Tool to Aid Decision Making

Profit Planning

Flexible Budgets and Performance Analysis

Standard Costs and Operating Performance Measures

Segment Reporting,decentralization,and the Balanced Scorecard

Relevant Costs for Decision Making

Capital Budgeting Decisions

Pricing Products and Services

Profitability Analysis

Least-Squares Regression Computations

The Predetermined Overhead Rate and Capacity

Abc Action Analysis

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

Transfer Pricing

Service Department Charges

The Concept of Present Value

Income Taxes in Capital Budgeting Decisions

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Exam 2: Managerial Accounting and Cost Concepts

A partial listing of costs incurred during February at Urfer Corporation appears below: -The total of the period costs listed above for February is:

Differential costs can be either fixed or variable.

Direct labor is a part of both prime cost and conversion cost.

A partial listing of costs incurred at Peggs Corporation during September appears below: -The total of the manufacturing overhead costs listed above for September is:

Machowski Corporation has provided the following partial listing of costs incurred during November: Required: a.What is the total amount of product cost listed above? Show your work. b.What is the total amount of period cost listed above? Show your work.

The following inventory balances relate to Bharath Manufacturing Corporation at the beginning and end of the year: Bharath's cost of goods sold was $653,000.What was Bharath's cost of goods manufactured?

A partial listing of costs incurred during February at Urfer Corporation appears below: -The total of the product costs listed above for February is:

Managerial Accounting and the Business Environment

Cost Behavior: Analysis and Use

Cost-Volume-Profit Relationships

Systems Design: Job-Order Costing

Variable Costing: a Tool for Management

Activity-Based Costing: a Tool to Aid Decision Making

Profit Planning

Flexible Budgets and Performance Analysis

Standard Costs and Operating Performance Measures

Segment Reporting,decentralization,and the Balanced Scorecard

Relevant Costs for Decision Making

Capital Budgeting Decisions

Pricing Products and Services

Profitability Analysis

Least-Squares Regression Computations

The Predetermined Overhead Rate and Capacity

Abc Action Analysis

Predetermined Overhead Rates and Overhead Analysis in a Standard Costing System

Transfer Pricing

Service Department Charges

The Concept of Present Value

Income Taxes in Capital Budgeting Decisions

Filters