Cost Accounting 15th Edition

ISBN 13

978-1292018225

ISBN 10

1292018224

Authors

Charles T. Horngren, Madhav Rajan, Srikant M. Datar

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79 documents found.

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Accounting Chapter 1 Ethical Understanding And Reasoning

33 Answer: B Diff: 3 Objective: 5 AACSB: Analytical thinking 33 Answer: B Diff: 3 Objective: 5 AACSB: Analytical thinking 33 Answer: B Diff: 3 Objective: 5 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Objective 1.5 1) Which of the following

Cost Accounting 15th Edition

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Accounting Chapter 1 Management Accounting Information Typically Includes

1 Answer: C Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: C Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: C Diff: 1 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 1

Cost Accounting 15th Edition

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Accounting Chapter 1 Value Chain And Classification Costs Car

21 Answer: TRUE Diff: 2 Objective: 3 AACSB: Analytical thinking 21 Answer: TRUE Diff: 2 Objective: 3 AACSB: Analytical thinking 21 Answer: TRUE Diff: 2 Objective: 3 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 29) Customer relationship management initiatives use technology to

Cost Accounting 15th Edition

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Accounting Chapter 10 As A Result Of Learning Curve

39 Answer: B Diff: 2 Objective: 6 AACSB: Analytical thinking 39 Answer: B Diff: 2 Objective: 6 AACSB: Analytical thinking 39 Answer: B Diff: 2 Objective: 6 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Objective 10.6 1) Which of the

Cost Accounting 15th Edition

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Accounting Chapter 10 Auric Company The Simple Regression Method The

1 Answer: A Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: A Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: A Diff: 2 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter

Cost Accounting 15th Edition

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Accounting Chapter 10 What Is The Estimated Cost Function For The Above Data?

21 Answer: A Diff: 2 Objective: 4 AACSB: Analytical thinking 21 Answer: A Diff: 2 Objective: 4 AACSB: Analytical thinking 21 Answer: A Diff: 2 Objective: 4 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 15) Regression analysis ________. A) calculates the slope

Cost Accounting 15th Edition

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Accounting Chapter 11 Company Has Offered Sell Lewis Auto Company

41 Answer: a. Direct materials $0.60 Direct manufacturing labor 3.00 Variable manufacturing overhead 1.20 Avoidable fixed manufacturing. overhead 1.00 Total relevant per unit costs $5.80 b. Make Buy Effect of Buying Purchase price $60,000 $(60,000) Savings in space (9,000) 9,000 Direct materials $6,000 6,000 Direct mfg. labor 30,000 30,000 Variable

Cost Accounting 15th Edition

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Accounting Chapter 11 Sunk Costs Include A The Accumulated Depreciation

57 Answer: B Explanation: B) $300,000 - $150,000 - $60,000 - $70,000 = $20,000 This product contributes $20,000 toward corporate profits, therefore, discontinuing this product will decrease operating income by $20,000. Diff: 3 Objective: 6 AACSB: Application of knowledge 57 Answer: B Explanation: B) $300,000 - $150,000 - $60,000 -

Cost Accounting 15th Edition

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Accounting Chapter 11 What The Contribution Margin Per

1 Answer: C Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: C Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: C Diff: 2 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 11

Cost Accounting 15th Edition

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Accounting Chapter 11 Which Costs Are Relevant For Making The Decision

21 Answer: TRUE Diff: 1 Objective: 2 AACSB: Analytical thinking 21 Answer: TRUE Diff: 1 Objective: 2 AACSB: Analytical thinking 21 Answer: TRUE Diff: 1 Objective: 2 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 62) For one-time-only special orders, fixed costs

Cost Accounting 15th Edition

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Accounting Chapter 12 External Auditors Should Design And Implement The

1 Answer: D Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: D Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: D Diff: 2 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 12

Cost Accounting 15th Edition

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Accounting Chapter 12 In This Case, The Increase In Operating Income From

37 Answer: a. ($440 - $400) 5,500 = $220,000 F b. 15,000 5,500 / 5,000 = 16,500; [($44 - $40) 16,500] + [($110 - $100) 10,000] + [($6,250 - $6,000) 60] = $181,000 U c. $220,000 F + $181,000 U = $39,000 F d. 15,000 5,500 / 5,000 = 16,500;

Cost Accounting 15th Edition

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Accounting Chapter 12 Management Accountants Compare Actual And Budgeted Operating

21 Answer: A Diff: 2 Objective: 4 AACSB: Analytical thinking 21 Answer: A Diff: 2 Objective: 4 AACSB: Analytical thinking 21 Answer: A Diff: 2 Objective: 4 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 11) Successful implementation of a product differentiation strategy

Cost Accounting 15th Edition

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Accounting Chapter 13 Customer Service Expenses Average

56 Answer: TRUE Diff: 2 Objective: 6 AACSB: Analytical thinking 56 Answer: TRUE Diff: 2 Objective: 6 AACSB: Analytical thinking 56 Answer: TRUE Diff: 2 Objective: 6 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 19) Life-cycle budgeting estimates the costs and revenues

Cost Accounting 15th Edition

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Accounting Chapter 13 For A Company Operating In A Perfectly Competitive Market

1 Answer: D Diff: 3 Objective: 1 AACSB: Analytical thinking 1 Answer: D Diff: 3 Objective: 1 AACSB: Analytical thinking 1 Answer: D Diff: 3 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 13

Cost Accounting 15th Edition

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Accounting Chapter 13 What The Change Operating Income For The

21 Answer: C Diff: 2 Objective: 3 AACSB: Analytical thinking 21 Answer: C Diff: 2 Objective: 3 AACSB: Analytical thinking 21 Answer: C Diff: 2 Objective: 3 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 4) Relevant costs for target pricing are

Cost Accounting 15th Edition

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Accounting Chapter 13 A Company Uses A Markup Percentage That Estimates A Product

41 Answer: C Diff: 3 Objective: 5 AACSB: Analytical thinking 41 Answer: C Diff: 3 Objective: 5 AACSB: Analytical thinking 41 Answer: C Diff: 3 Objective: 5 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 5) Samuels Company is considering pricing its

Cost Accounting 15th Edition

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Accounting Chapter 14 Companies That Want To Calculate The Full Cost Of

21 Answer: B Diff: 1 Objective: 5 AACSB: Analytical thinking 21 Answer: B Diff: 1 Objective: 5 AACSB: Analytical thinking 21 Answer: B Diff: 1 Objective: 5 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 8) Homogeneous cost pool leads to ________.

Cost Accounting 15th Edition

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Accounting Chapter 14 Price Discounts Are Influenced By

Cost Accounting 15th Edition

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Accounting Chapter 14 The Sales Quantity Variance The Difference Between

35 Answer: D Explanation: D) Standard = (2,800 - 2,400) $400 = $ 160,000 F Super = (1,200 - 600) $1,050 = 630,000 F $790,000 F Diff: 3 Objective: 6 AACSB: Application of knowledge 35 Answer: D Explanation: D) Standard = (2,800 - 2,400) $400 = $ 160,000 F Super

Cost Accounting 15th Edition

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Accounting Chapter 15 Cost Operating Facility Department Activity

39 Answer: D Diff: 2 Objective: 4 AACSB: Analytical thinking 39 Answer: D Diff: 2 Objective: 4 AACSB: Analytical thinking 39 Answer: D Diff: 2 Objective: 4 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Objective 15.4 1) A cost of

Cost Accounting 15th Edition

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Accounting Chapter 15 Division Each Month For The Flashlight Division

1 Answer: B Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: B Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: B Diff: 1 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 15

Cost Accounting 15th Edition

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Accounting Chapter 15 The Reciprocal Allocation Method

Cost Accounting 15th Edition

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Accounting Chapter 16 Measures Methods Of These Methods The

38 Answer: The gross margin percentage is 20% ($1,000,000 - $800,000)/$1,000,000 Product Final Sales Value Less Gross Margin Total Production Costs Less Separable Costs Joint Costs Allocated A $ 250,000 $50,000 $ 200,000 $ 125,000 $ 75,000 B 450,000 90,000 360,000 250,000 110,000 C 300,000 60,000 240,000 125,000 115,000 Total

Cost Accounting 15th Edition

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Accounting Chapter 16 Method Allocate The Joint Costs Ofproduction

21 Answer: B Explanation: B) Xyla Ice Cream Total Sales 42,000 $20 = $840,000 54,200 $9 = $487,800 $1,327,800 Less: Sep cost 42,000 $4 = $ 168,000 54,200 $4 = $ 216,800 Est. NR Value $672,000 $271,000 $943,000 Weighting 71.26% 28.74% Jt costs allocated $184,480 71.26%= $131,464 $184,480 28.74%= $53,016

Cost Accounting 15th Edition

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Accounting Chapter 16 The Costs Will Reimbursed Under Contracts Using

1 Answer: B Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: B Diff: 2 Objective: 1 AACSB: Analytical thinking 1 Answer: B Diff: 2 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 16

Cost Accounting 15th Edition

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Accounting Chapter 17 February 73000 Chairs Units Started Inproduction

21 Answer: C Diff: 2 Objective: 4 AACSB: Analytical thinking 21 Answer: C Diff: 2 Objective: 4 AACSB: Analytical thinking 21 Answer: C Diff: 2 Objective: 4 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 4) What is the total equivalent units in

Cost Accounting 15th Edition

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Accounting Chapter 17 Finishing Department During Marcha 1000 Units 1200

Cost Accounting 15th Edition

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Accounting Chapter 17 Materials Variances Direct Materials Control Work Process At

55 Answer: Production Cost Worksheet Finishing Department Weighted-Average Method Flow of production Physical Units Conversion Trans-In Work in process, beginning 4,000 Transferred in during period 16,000 To account for 20,000 Units transferred out 18,000 18,000 18,000 Work in process, ending 2,000 600 2,000 Accounted for 20,000 18,600 20,000 Costs Totals

Cost Accounting 15th Edition

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Accounting Chapter 17 These Costs Are Incurred Transferring Raw Materials

41 Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 59) Pet Products Company uses an automated process to manufacture its pet replica products. For June, the company had the following activities: Beginning work in process inventory 4,500 items, 1/4 complete Units placed in production 15,000

Cost Accounting 15th Edition

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Accounting Chapter 18 Cost Shirts At Inspection Point Equals 9500000 Calculate

41 Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 46) Weather Instruments assembles products from component parts. It has two departments that process all products. During January, the beginning work in process in the assembly department was half complete as to conversion and complete as to

Cost Accounting 15th Edition

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Accounting Chapter 18 Line Operators And Other Plant Personnel Generally

Cost Accounting 15th Edition

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Accounting Chapter 18 The Original Cost Of The 40 Orders Totaled $700

53 Answer: Because the manufacturing process uses similar workstations for the products, it may be best to let the spoilage be considered a manufacturing problem rather than a job problem. With this assumption, the spoilage will be spread over the entire production process with each job being charged an appropriate

Cost Accounting 15th Edition

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Accounting Chapter 18 What Costs Would Associated With Normal

21 Answer: D Explanation: D) Direct Materials Conversion Costs WIP, beginning inventory Costs added during period $105,000 $ 128,160 Total cost to account for 105,000 128,160 Divided by equivalent units 70,000 * 71,200 ** Equivalent-unit costs $ 1.50 $ 1.80 (48,000 + 3,200 + 800 + 18,000) = 70,000 units

Cost Accounting 15th Edition

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Accounting Chapter 19 Eight Quarts Of Varnish Were Used, On Average, For Each Table

Cost Accounting 15th Edition

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Accounting Chapter 19 The Photo Production Station Limited The Speed

34 Answer: C Explanation: C) WT = = 592/64 = 9.25 minutes Diff: 3 Objective: 5 AACSB: Application of knowledge 34 Answer: C Explanation: C) WT = = 592/64 = 9.25 minutes Diff: 3 Objective: 5 AACSB: Application of knowledge 34 Answer: C Explanation: C) WT = = 592/64 =

Cost Accounting 15th Edition

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Accounting Chapter 19 They Focus Managers Attention How Poor Quality

21 Answer: D Explanation: D) The new prevention procedures will save appraisal costs of $50,000. Diff: 2 Objective: 3 AACSB: Application of knowledge 21 Answer: D Explanation: D) The new prevention procedures will save appraisal costs of $50,000. Diff: 2 Objective: 3 AACSB: Application of knowledge 21 Answer: D Explanation:

Cost Accounting 15th Edition

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Accounting Chapter 2 Analytical Thinking Product Costs

53 Answer: A Explanation: A) $250,000 + $38,000 $46,000 = $242,000 Diff: 2 Objective: 6 AACSB: Application of knowledge 53 Answer: A Explanation: A) $250,000 + $38,000 $46,000 = $242,000 Diff: 2 Objective: 6 AACSB: Application of knowledge 53 Answer: A Explanation: A) $250,000 + $38,000 $46,000 = $242,000 Diff:

Cost Accounting 15th Edition

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Accounting Chapter 2 Application Knowledge Which The

Cost Accounting 15th Edition

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Accounting Chapter 2 Thinking Finished Goods

21 Answer: B Diff: 2 Objective: 4 AACSB: Application of knowledge 21 Answer: B Diff: 2 Objective: 4 AACSB: Application of knowledge 21 Answer: B Diff: 2 Objective: 4 AACSB: Application of knowledge Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 7) Grip Manufacturing currently produces

Cost Accounting 15th Edition

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Accounting Chapter 2 What The Amount Direct Materials Used During

41 Answer: Inventoriable costs are all costs of a product that are considered as assets in the balance sheet when they are incurred and which become cost of goods sold only when the product is sold. Period costs are treated as expenses of the accounting period in which they are

Cost Accounting 15th Edition

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Accounting Chapter 20 Control Account Debited The Materials And In Process

38 Answer: C Diff: 2 Objective: 6 AACSB: Analytical thinking 38 Answer: C Diff: 2 Objective: 6 AACSB: Analytical thinking 38 Answer: C Diff: 2 Objective: 6 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 7) Which of the following statements is

Cost Accounting 15th Edition

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Accounting Chapter 20 If They Are Costs That Will Change With The Quantity

21 Answer: Annual demand = 48 250 = 12,000 Cost of placing an order = $4,000/40 = $100 per order Carrying cost of one unit = $6,000/200 = $30 per unit EOQ = The square root of (2 12,000 $100)/30 = 283 units Diff: 3 Objective: 2 AACSB: Application of

Cost Accounting 15th Edition

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Accounting Chapter 20 Opportunity Costs Are Not Recorded In Financial

Cost Accounting 15th Edition

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Accounting Chapter 21 A Disadvantage Of The IRR Is That The Results Are

36 Answer: a. Payback Method Payback for Proposal A: Year 1 $80,000 Year 2 10,000 Payback is 2 years $90,000 Payback for Proposal B: Year 1 $45,000 Year 2 45,000 Payback is 2 years $90,000 Payback for proposal C: Year 1 $90,000 Payback is 1 year Net Present Value: Proposal

Cost Accounting 15th Edition

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Accounting Chapter 21 Application Knowledge Using The Net Present Value

1 Answer: D Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: D Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: D Diff: 1 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 21

Cost Accounting 15th Edition

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Accounting Chapter 21 At The End Of Eight Years, It Will Have A Salvage

21 Answer: a. Predicted Cash Flows Year(s) PV Factor PV of Cash Flows Initial investment $(99,360) 0 1.000 $(99,360) Annual cash inflows 20,000 8 5.335 106,700 Net present value $ 7,340 b. Present value factor of an annuity of $1.00 = $99,360/$20,000 = 4.968 From the annuity table, the 4.968

Cost Accounting 15th Edition

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Accounting Chapter 22 Assembly Manager Probably Not Happy Because The

21 Answer: D Explanation: D) $40.00 as given in the problem Diff: 2 Objective: 4 AACSB: Application of knowledge 21 Answer: D Explanation: D) $40.00 as given in the problem Diff: 2 Objective: 4 AACSB: Application of knowledge 21 Answer: D Explanation: D) $40.00 as given in the problem Diff:

Cost Accounting 15th Edition

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Accounting Chapter 22 Executive Division Have The New Business Should

37 Answer: A Diff: 2 Objective: 6 AACSB: Analytical thinking 37 Answer: A Diff: 2 Objective: 6 AACSB: Analytical thinking 37 Answer: A Diff: 2 Objective: 6 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 3) Crush Company makes internal transfers at

Cost Accounting 15th Edition

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Accounting Chapter 22 Its Just That Centralized Organization Each Manager

Cost Accounting 15th Edition

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Accounting Chapter 23 Compute Each Divisions Economic Value-Added Rank

21 Answer: FALSE Explanation: Imputed costs are costs recognized in particular situations that are not usually recognized by accrual accounting procedures. Diff: 2 Objective: 2 AACSB: Analytical thinking 21 Answer: FALSE Explanation: Imputed costs are costs recognized in particular situations that are not usually recognized by accrual accounting procedures. Diff:

Cost Accounting 15th Edition

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Accounting Chapter 23 Explanation Roi Net Income Assets Net Income

1 Answer: A Diff: 2 Objective: 1 AACSB: Application of knowledge 1 Answer: A Diff: 2 Objective: 1 AACSB: Application of knowledge 1 Answer: A Diff: 2 Objective: 1 AACSB: Application of knowledge Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition

Cost Accounting 15th Edition

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Accounting Chapter 23 Discuss The Issues And Complications That May Arise

36 Answer: C Diff: 2 Objective: 5 AACSB: Analytical thinking 36 Answer: C Diff: 2 Objective: 5 AACSB: Analytical thinking 36 Answer: C Diff: 2 Objective: 5 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Objective 23.5 1) Inflation clouds the

Cost Accounting 15th Edition

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Accounting Chapter 3 Plumbing Reported The Following Revenues Variable

Cost Accounting 15th Edition

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Accounting Chapter 3 Product Stella Faces Tax Rate 30 Stella Desires

56 Answer: a. Option 1 N = Breakeven units $30N - $18N - $15,000 = 0 $12N - $15,000 = 0 N = $15,000/$12 = 1,250 units Rent at breakeven = $15,000 Option 2 N = Breakeven units $30N - $18N - 0.10($30N) - $9,000 = 0 $9N - $9,000

Cost Accounting 15th Edition

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Accounting Chapter 3 Some Decisions Might Not Result Large Operating Income

21 Answer: B Explanation: B) $40,000 / ($240,000 - 60,000) / 240,000 = $53,334 (rounded up) Diff: 2 Objective: 2 AACSB: Application of knowledge 21 Answer: B Explanation: B) $40,000 / ($240,000 - 60,000) / 240,000 = $53,334 (rounded up) Diff: 2 Objective: 2 AACSB: Application of knowledge 21 Answer:

Cost Accounting 15th Edition

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Accounting Chapter 3 The Variable Costs Line Probably Turns Upward Increasing

41 Answer: A Explanation: A) Option one: $30X - $12X - $1,000 - $1,800 - $800 = 0; X = $200 Option two: $30X - $8X - $3,000 - $1,800 - $800 = 0; X = $255 Diff: 2 Objective: 6 AACSB: Analytical thinking 41 Answer: A Explanation: A) Option

Cost Accounting 15th Edition

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Accounting Chapter 4 Assigning Direct Costs To A Cost Object Is Called

1 Answer: A Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: A Diff: 1 Objective: 1 AACSB: Analytical thinking 1 Answer: A Diff: 1 Objective: 1 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Cost Accounting, 15e Global Edition (Horngren/Datar/Rajan) Chapter 4

Cost Accounting 15th Edition

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Accounting Chapter 4 Schulz Corporation Applies Overhead Based Upon

52 Answer: a. Manufacturing Overhead Allocated 435,000 Cost of Goods Sold 10,000 Manufacturing Overhead Control 425,000 b. Work-in-process $ 40,000 5 % $10,000 = $500 Finished goods 80,000 10 $10,000 = 1,000 Cost of goods sold 680,000 85 $10,000 = 8,500 Total $800,000 100 % Manufacturing Overhead Allocated 435,000 Work-in-Process

Cost Accounting 15th Edition

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Accounting Chapter 4 The Budgeted Manufacturing Overheads For The

41 Answer: a. $7,000 + $8,000 = $15,000 b. $6,500 c. $6,000 + $4,000 = $10,000 Diff: 3 Objective: 6 AACSB: Application of knowledge 41 Answer: a. $7,000 + $8,000 = $15,000 b. $6,500 c. $6,000 + $4,000 = $10,000 Diff: 3 Objective: 6 AACSB: Application of knowledge 41 Answer:

Cost Accounting 15th Edition

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Accounting Chapter 4 Work In Process Account Allocated Manufacturing Overhead Completed Goods

21 Answer: B Explanation: B) DM $2,000 + DML $400 + MOH $405 = $2,805 Diff: 3 Objective: 5 AACSB: Application of knowledge 21 Answer: B Explanation: B) DM $2,000 + DML $400 + MOH $405 = $2,805 Diff: 3 Objective: 5 AACSB: Application of knowledge 21 Answer: B Explanation:

Cost Accounting 15th Edition

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Accounting Chapter 5 Alpha Is Using A Single Cost Pool To Allocate

Cost Accounting 15th Edition

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Accounting Chapter 5 Because Vast Majority Their Cost Structure Composed

54 Answer: D Diff: 2 Objective: 7 AACSB: Analytical thinking 54 Answer: D Diff: 2 Objective: 7 AACSB: Analytical thinking 54 Answer: D Diff: 2 Objective: 7 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 4) Which of the following statements is

Cost Accounting 15th Edition

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Accounting Chapter 5 Nichols Management Considering Implement System Because

21 Answer: TRUE Diff: 1 Objective: 4 AACSB: Analytical thinking 21 Answer: TRUE Diff: 1 Objective: 4 AACSB: Analytical thinking 21 Answer: TRUE Diff: 1 Objective: 4 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 11) According to an ABC system, S5 uses

Cost Accounting 15th Edition

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Accounting Chapter 5 System For Each Style Faucet1 Compute

41 Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 14) ABC system is likely to provide high benefits to a company whose products that the company is well- suited to make and show small profits. Answer: TRUE Diff: 1 Objective: 6 AACSB: Analytical thinking Answer: TRUE Diff:

Cost Accounting 15th Edition

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Accounting Chapter 6 Analytical Thinking Answer The Following

56 Answer: Kaizen budgeting explicitly incorporates continuous improvement in cost reduction anticipated during the budget period. Much of the cost reduction arises from many small improvements rather than large one time improvements. Most of the improvements come from employee suggestions. Companies that employ kaizen budgeting create a culture where employee

Cost Accounting 15th Edition

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Accounting Chapter 6 Performance Reports For Responsibility Centers

41 Answer: A Explanation: A) Yes, because it would result in an increase in operating income compared to 2015 ( 2016 operating income would be: $982,800 -$582,400 (COGS)-$260,000 (operating expenses, which are fixed) = $140,400 compared to $60,000 in 2015. Diff: 3 Objective: 4 AACSB: Application of knowledge 41 Answer:

Cost Accounting 15th Edition

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Accounting Chapter 6 The Production Cost Budget Identifies

21 Answer: A Explanation: A) (60,000 $1.50) + (35,000 $5.80) = $293,000 Diff: 1 Objective: 3 AACSB: Application of knowledge 21 Answer: A Explanation: A) (60,000 $1.50) + (35,000 $5.80) = $293,000 Diff: 1 Objective: 3 AACSB: Application of knowledge 21 Answer: A Explanation: A) (60,000 $1.50) + (35,000 $5.80)

Cost Accounting 15th Edition

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Accounting Chapter 6 When Administered Wisely Budgets Promote

Cost Accounting 15th Edition

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Accounting Chapter 7 Industries Inc Aii Developed Standard Costs For

21 Answer: A Explanation: A) Actual variable costs per unit were significantly less than the static budget. Actual sales revenues were only slightly greater than the static budget, and actual fixed costs were only slightly greater than the static budget. Diff: 3 Objective: 3 AACSB: Application of knowledge 21 Answer:

Cost Accounting 15th Edition

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Accounting Chapter 7 The Company Sells Items For $21 Each

Cost Accounting 15th Edition

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Accounting Chapter 7 What Is The Standard Cost Allowed For All Units

41 Answer: a. Direct materials variances: Actual unit cost = $68,600/14,000 square yards = $4.90 per square yard Price variance = 14,000 ($5.00 - $4.90) = $1,400 favorable Efficiency variance = $5.00 [14,000 - (1,500 10)] = $5,000 favorable b. Direct manufacturing labor variances: Actual labor rate = $79,800/7,600 =

Cost Accounting 15th Edition

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Accounting Chapter 8 At The End Of The Fiscal Year, The Fixed Overhead

40 Answer: C Diff: 2 Objective: 5 AACSB: Application of knowledge 40 Answer: C Diff: 2 Objective: 5 AACSB: Application of knowledge 40 Answer: C Diff: 2 Objective: 5 AACSB: Application of knowledge Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education Objective 8.5 1)

Cost Accounting 15th Edition

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Accounting Chapter 8 Pearson Education14 What The Amount Fixed Overhead

Cost Accounting 15th Edition

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Accounting Chapter 8 The Planning Of Fixed Overhead Costs Differs From

Cost Accounting 15th Edition

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Accounting Chapter 9 Application Knowledge 10 What The Operating Income Using

Cost Accounting 15th Edition

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Accounting Chapter 9 But The Demand Unlikely Affected Future And Will

41 Answer: C Diff: 3 Objective: 4 AACSB: Analytical thinking 41 Answer: C Diff: 3 Objective: 4 AACSB: Analytical thinking 41 Answer: C Diff: 3 Objective: 4 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 4) Throughput contribution equals ________. A)

Cost Accounting 15th Edition

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Accounting Chapter 9 Practical Capacity Rather Than Master-budget

55 Answer: C Diff: 2 Objective: 6 AACSB: Analytical thinking 55 Answer: C Diff: 2 Objective: 6 AACSB: Analytical thinking 55 Answer: C Diff: 2 Objective: 6 AACSB: Analytical thinking Copyright 2015 Pearson Education Copyright 2015 Pearson Education Copyright 2015 Pearson Education 11) Using ________ as the denominator level

Cost Accounting 15th Edition

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Accounting Chapter 9 The 10000 Units Inventory Being Assigned Fixed

21 Answer: FALSE Explanation: Under variable costing, fixed manufacturing costs are not inventoried; they are treated as period costs, however under absorption costing they are treated as inventoriable costs. Diff: 2 Objective: 2 AACSB: Analytical thinking 21 Answer: FALSE Explanation: Under variable costing, fixed manufacturing costs are not inventoried; they

Cost Accounting 15th Edition

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