Cost Management Study Set 2

Since indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will:

All indirect manufacturing costs are commonly combined into a single cost pool called:

Variable costs within the relevant range for a firm are assumed:

How will unit (average) cost of manufacturing (materials, labor and overhead) usually change if the production level rises?

Structural cost drivers are to executional cost drivers as:

Theoretically, a decision maker would probably be willing to buy cost management information if:

Any product, service, or organizational unit to which costs are assigned for some management purpose is a (n):

Which one of the following is not a type of cost driver?

The range of the cost driver in which the actual value of the cost driver is expected to fall is called the:

The change in total cost associated with each change in the quantity of the cost driver is:

The additional cost incurred as the cost driver increases by one unit is:

Strategic analysis uses which of the following to help a firm improve its competitive position through an analysis of product and production complexity?

Which one of the following would not be found in a merchandising company?

The cost of goods that were finished and transferred out of work-in-process during the current period is:

Which of the following tend to be non-differential in the short term since they cannot be changed, but are more likely to be differential in the long term?

Direct labor used is calculated to be:

Factory overhead is calculated to be:

Total manufacturing cost is calculated to be:

Cost of goods manufactured is calculated to be:

Materials purchases are calculated to be: