Cost Management Study Set 2

Business

Quiz 3 :
Basic Cost Management Concepts

Quiz 3 :
Basic Cost Management Concepts

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

A

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

D

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

A

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How will unit (average) cost of manufacturing (materials, labor and overhead) usually change if the production level rises?
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Structural cost drivers are to executional cost drivers as:
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Theoretically, a decision maker would probably be willing to buy cost management information if:
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Any product, service, or organizational unit to which costs are assigned for some management purpose is a (n):
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Which one of the following is not a type of cost driver?
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The range of the cost driver in which the actual value of the cost driver is expected to fall is called the:
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The change in total cost associated with each change in the quantity of the cost driver is:
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The additional cost incurred as the cost driver increases by one unit is:
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Strategic analysis uses which of the following to help a firm improve its competitive position through an analysis of product and production complexity?
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Which one of the following would not be found in a merchandising company?
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The cost of goods that were finished and transferred out of work-in-process during the current period is:
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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?
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Direct labor used is calculated to be:
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Factory overhead is calculated to be:
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Total manufacturing cost is calculated to be:
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Cost of goods manufactured is calculated to be:
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Materials purchases are calculated to be:
Multiple Choice
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