worksheet with cost breakdown by year and alternative us millions
Managerial and cost accounting by walther and skousen
Ngày tải lên :
01/04/2017, 10:07
... variable cost must be considered independently and with careful attention to what activity drives the cost 6.3 Fixed Costs The opposite of variable costs are fixed costs Fixed costs not fluctuate with ... ($1,530/510 thousand gallons = $3 per thousand) Highest level Lowest level Difference USAGE (in thousands of gallons) 850 340 510 Variable Cost per unit: ($1,530/510) Total cost Less: Variable cost ($3 ... you with A.P Moller - Maersk www.maersk.com/mitas Download free books at BookBooN.com 35 Cost- Volume-Profilt and Business Scalabilit Managerial and Cost Accounting Cost- Value-Profit and Business...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 1
Ngày tải lên :
11/04/2017, 15:06
... the Institute of Management Accountants for use in all manufacturing and professional businesses b are set by the Cost Accounting Standards Board and are legally binding on all manufacturers, ... companies bidding or pricing costrelated contracts with the government d are developed by the Cost Accounting Standards Board, issued by the Institute of Management Accountants, and are legally binding ... reporting, and education b budgeting, cost allocation, product costing, and insider trading c competence, confidentiality, integrity, and objectivity d disclosure, communication, decision making, and...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 2
Ngày tải lên :
11/04/2017, 15:06
... cause-effect relationship to a cost c can predict the cost behavior of a variable, but not a fixed, cost d is an overhead cost that causes distribution costs to change in distinct increments with ... prevention costs c appraisal costs b detection costs d failure costs ANS: A DIF: Moderate OBJ: 2-4 37 Costs that are incurred for monitoring and inspecting are: a prevention costs c appraisal costs ... detection costs d failure costs ANS: C DIF: Moderate OBJ: 2-4 38 Costs that are incurred when customers complain are: a prevention costs c appraisal costs b detection costs d failure costs ANS:...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 3
Ngày tải lên :
11/04/2017, 15:06
... cost per unit and total fixed costs increase b fixed cost per unit and total variable cost increase c total cost will increase and fixed cost per unit will decrease d variable cost per unit and ... be used to compute the model's parameters? a b c d and and and and ANS: A DIF: Easy OBJ: 3-4 43 Consider the following three product costing alternatives: process costing, job order costing, and ... variable costing considers fixed costs to be period costs b Absorption costing allocates fixed overhead costs between cost of goods sold and inventories, and variable costing considers all fixed costs...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 4
Ngày tải lên :
11/04/2017, 15:06
... Discuss actual costing, normal costing, and standard costing ANS: Actual costing, normal costing, or standard costing may be used in either a job order costing or process costing system Actual costing ... heterogeneous products and small quantities ANS: D DIF: Easy Process Costing heterogeneous products and small quantities heterogeneous products and large quantities homogeneous products and small ... overhead application rate to cost products Standard costing establishes "norms" for direct material and direct labor quantities and/ or costs and uses a predetermined (standard) overhead rate for...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 5
Ngày tải lên :
11/04/2017, 15:06
... costing systems in use over the last 40 years a concentrated on using multiple cost pools and cost drivers b were often technologically incapable of handling activity-based costing information ... ANS: Cost drivers are selected based on their underlying relationship to organizational costs Ideally, a causal relationship exists between the cost driver and a cost pool Once identified, cost ... identified, cost drivers are used to allocate organizational costs to activities and products and are the focus of cost control efforts DIF: Moderate OBJ: 5-3 Discuss the characteristics of a...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 6
Ngày tải lên :
11/04/2017, 15:06
... characteristics of a job order and standard costing systems b job order and process costing systems c process and standard costing systems d job order and normal costing systems ANS: B DIF: Easy ... costing as used in conjunction with process costing ANS: When standard costing is used in conjunction with process costing, the costing procedure is simplified Standard costing eliminates the calculation ... process costing system a cannot use standard costs b restates Work in Process Inventory in terms of completed units c accumulates costs by job rather than by department d assigns direct labor and...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 7
Ngày tải lên :
11/04/2017, 15:06
... between total a actual cost and total cost applied for the standard output of the period b standard cost and total cost applied to production c actual cost and total standard cost of the actual input ... standard cost system records both standard costs and actual costs in the accounting records This process allows for better cost control because actual costs can be easily compared to standard costs ... standard cost system may be used in a job order costing, but not process costing b process costing, but not job order costing c either job order costing or process costing d neither job order costing...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 8
Ngày tải lên :
11/04/2017, 15:06
... Oakwood Music, Inc Oakwood Music, Inc sells Baldwin pianos The following information regarding operating costs has been extracted from budgets of Oakwood Music for December of this year and the ... degree of acceptance of the goals and objectives by operating management b they are usually more realistic c they lead to better morale and higher motivation d they usually require more time to prepare ... budgeted level of performance with less effort Thus, they have a higher probability of achieving the budget and any bonus or compensation that may be tied to that performance standard DIF: Moderate OBJ:...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 9
Ngày tải lên :
11/04/2017, 15:06
... necessary because fixed cost can be allocated to inventory at a different rate each year Thus, variable costing information must be available Because CVP and variable costing both focus on cost behavior, ... variable costs b fixed costs c costs d contribution margin ANS: C DIF: Easy OBJ: 9-2,9-6 CVP analysis is based on concepts from a standard costing b variable costing c job order costing d process costing ... margin (total revenue divided by total variable cost) is linear within the relevant range and increases proportionally with output Total fixed cost is constant within the relevant range This...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 11
Ngày tải lên :
11/04/2017, 15:06
... split-off minus further processing and disposal costs b final selling price minus further processing and disposal costs c selling price at split-off minus allocated joint processing costs d final ... Production costs for the year: Joint costs Costs after separation: Product A Product B Product C $276,600 320,000 190,000 6,900 Required: Using the by- product revenue as a cost reduction and net ... not be considered a sunk cost? a direct material cost b direct labor cost c joint cost d building cost ANS: D DIF: Easy OBJ: 11-3 25 The definition of a sunk cost is a a cost that cannot be recovered...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 12
Ngày tải lên :
11/04/2017, 15:07
... goals of a cost management system? Illustrate how a CMS achieves each of these goals ANS: The six goals of a cost management system are (1) to develop fairly accurate product costs by using cost drivers, ... industry, such as the electrical utility or TV cable, a cost management system is a of limited need because costs are typically passed along to customers via the rate structure b essential because ... need for engineering change orders, and customer "bad will." ANS: D DIF: Easy OBJ: 12-3 23 An increase in the use of technology has caused a fewer costs to be susceptible to short-run control b...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 13
Ngày tải lên :
11/04/2017, 15:07
... system, costs are classified into categories on the basis of a fixed and variable costs b prime and overhead costs c administrative and nonadministrative costs d controllable and noncontrollable costs ... all revenues and costs that can be traced directly to the unit b all revenues and costs under his/her control c the variable costs and the revenues of the unit d the same costs and revenues on ... the incremental costs associated with the goods plus the opportunity cost of the facilities used ANS: T DIF: Moderate OBJ: 13-5 30 One of the main factors to consider when using a cost- based transfer...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 14
Ngày tải lên :
11/04/2017, 15:07
... between and years b between and years c between and years d between and years ANS: C $400,000 / $75,000 = 5.33 Using the Present Value of an Annuity at 8%, the constant falls between and years ... between and percent between and percent between 17 and 18 percent less than percent ANS: B $250,000/$30,000 = 8.33 Using PV of Annuity Table and 10 years, this constant falls between 3% and 4% ... investment? a years b 2.14 years c 3.75 years d years ANS: C Payback Period = Initial Investment/Cash Savings = $30,000/$8,000 = 3.75 years DIF: Moderate OBJ: 14-2 Ruston Ironworks Ruston Ironworks...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 15
Ngày tải lên :
11/04/2017, 15:07
... avoidable and unavoidable costs is similar to the distinction between a variable costs and fixed costs b variable costs and mixed costs c step-variable costs and fixed costs d discretionary costs and ... committed fixed costs b variable costs and discretionary fixed costs c variable costs only d committed fixed costs only ANS: B DIF: Easy OBJ: 15-5 32 Usually, with respect to a variable cost, optimal ... an engineered cost With a repetitive cost that can be related to an activity base, performance standards can be developed and flexible budget variances can be computed and used as cost control...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 16
Ngày tải lên :
11/04/2017, 15:07
... failure costs A greater emphasis on prevention will decrease appraisal costs and also failure costs Thus, over time, overall quality costs will decrease DIF: Moderate OBJ: 16-4 What is continuous ... and _ ANS: prevention costs; appraisal costs DIF: Moderate OBJ: 16-4 11 The two costs of noncompliance are and _ ANS: internal failure costs; external ... more customers a company has, the better off the company is b A company should spare no expense to provide customer satisfaction c Most customers stop doing business with a company because of...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 17
Ngày tải lên :
11/04/2017, 15:07
... strategic planning, controlling, and problem solving activities conducted by a company and its vendors and customers to generate efficient and effective transfers of goods and services is referred to ... not an ordering cost? a cost of receiving inventory b cost of preparing the order c cost of the merchandise ordered d cost of storing the inventory ANS: D DIF: Easy OBJ: 17-2 The cost of receiving ... fewer cost allocations b elimination of standard costs c combining labor and overhead into one product cost category d combing raw material and materials in work-in-process into one product cost...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 18
Ngày tải lên :
11/04/2017, 15:07
... PeopleSoft, and Baan DIF: Moderate OBJ: 18-4 What is data mining and how is it used? ANS: Data mining uses statistical techniques and is useful in uncovering quality problems, studying customer retention, ... increase in price competition caused by globalization To successfully compete on the basis of price, firms must identify ways to become more efficient and thus reduce costs DIF: Moderate OBJ: 18-1 ... environmental costs and the impact of environmental issues in every aspect of operations Accountants are increasingly concerned with measuring business performance with regard to environmental issues and...
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Test bank with answers for cost accounting 6e by raiborn and kinney chapter 19
Ngày tải lên :
11/04/2017, 15:07
... the same costs and revenues b should only be evaluated on the basis of variable costs and revenues of the sub-unit c should be evaluated on all costs and revenues that are controllable by the manager ... budgeted and actual revenues and expenses b can be used at multiple organizational levels by redefining the categories and measurements c is most concerned with organizational financial solvency and ... capital x cost of capital %) EVA uses after-tax profit, cost of capital and market value of assets invested RI uses segment income, target rate of return and book value of assets invested Because it...
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Tài liệu tiếng anh Điện tử công suất mạch MERS Loss and rating consideration of a wind energy conversion system with reactive compensation by magnetic energy recovery switch
Ngày tải lên :
15/10/2013, 16:11
... voltage and current waveforms with two different modes of operation needed, representing a major cost and loss component Another issue is the size of the generator which grows large with low speed and ... additions to the generator dimensions and costs Several solutions exists, with the combination of a diode bridge and a dc-dc chopper representing a low cost and high efficient solution However, ... compensation and a diode bridge rectifier By inserting a capacitance in series with the synchronous inductance, the generator voltage and the maximum output power can be increased A configuration using...
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