【文章內容簡介】 9. Evaluating customer reaction of the tradeoff of giving up some features of a product for a lower price would best fit which category of management decisions under activitybased management?a. Pricing and productmix decisionsb. Cost reduction decisionsc. Design decisionsd. Discretionary decisions10. Which of the following statements is more representative of activitybased costing in parison to a department costing system?a. The use of multiple costallocation basesb. The use of indirectcost rates for significant resource usec. The use of activities having a causeandeffect relationshipd. The use of multiple cost poolsSOLUTIONS1. d2. c3. a4. c5. a6. b7. d8. c9. c10. bCalculations6. (2 180。10) + ($500/250) + ($90/60 180。 10) = $377. $75 + $125 + ($2 180。 15) + ($500/100) + ($90/60 180。 20)Chapter51. A costallocation base may be any of the following except aa. cost driver.b. cost pool.c. way to link indirect costs to a cost object.d. nonfinancial quantity.2. A pany that manufactures dentures for use by local dentists would usea. process costing.b. personal costing.c. operations costing.d. job costing.3. The first step in the sevenstep approach to job costing is toa. select the costallocation base to use in assigning indirect costs to the job.b. identify the direct costs of the job.c. identify the job that is the chosen cost object.d. identify the indirectcost pools associated with the job.4. Using normal costing rather than actual costing requires that the allocating of indirect manufacturing costs to workinprocess bea. done on a more timely basis, such as every two weeks rather than every month.b. journalized only at year end when adjusting entries are normally made.c. calculated by using the budgeted rate times actual quantity of allocation base.d. calculated by using the budgeted rate times the budgeted quantity of allocation base.5. Manufacturing Overhead Controla. represents actual overhead costs incurred.b. has a normal debit balance.c. is a control account with a subsidiary ledger detailing the ponents of manufacturing overhead.d. All of the above6. Which of the following accounts is not classified as an asset?a. Manufacturing Overhead Controlb. Materials Controlc. WorkinProcess Controld. Finished Goods Control7. The costs incurred on jobs that are currently in production but are not yet plete would appear in thea. Materials Control account.b. Finished Goods Control account.c. Manufacturing Overhead Control account.d. WorkinProcess Control account.8. The Precision Widget Company had the following balances in their accounts at the end of the accounting period:WorkinProcess $ 5,000Finished Goods 20,000Cost of Goods Sold 200,000If their manufacturing overhead was overallocated by $8,000 and Precision Widget adjusts their accounts using a proration based on total ending balances, the revised ending balance for Cost of Goods Sold would bea. $192,880.b. $200,00.c. $207,120.d. $208,000.9. Liberty Box Company calculated an indirectcost rate of $ per labor hour for fringe benefits for use in their normal costing system. At the end of the year, the actual cost of fringe benefits was $980,000. The total of labor hours worked for the year was the same amount as budgeted, 70,000 hours. If Job 640 required the use of 15 labor hours and the pany used the adjusted allocation rate approach, by what amount would the cost of Job 640 change?a. $ b. $ c. $d. $10. If each professional in a service pany is paid on an annual salary basis, why might the firm want to use a predetermined or budgeted rate for direct or professional labor?a. A predetermined or budgeted rate is easier to justify to a client who might question a billing rate.b. Professional staff persons do not keep accurate records of the jobs on which they work.c. Professional staff incurs more client costs, such as travel, lodging, and outoftown meals, while working on a job.d. Yearend bonuses paid to the professional staff are difficult to trace to individual jobs. SOLUTIONS 1. b2. d3. c4. c5. d6. a7. d8. a9. c10. dCalculations1. WorkinProcess $5,000 / 225,000 % 180。 $8,000 = 176Finished Goods $20,000 /225,000 % 180。 $8,000 = 712Cost of Goods Sold $200,000 / 225,000 % 180。 $8,000 = 7,120 200,000 – 7,120 = $192,8809. ,000 = $ (actual rate)$14,000 – $ = $ excess of actual over budget 180。 15 hours – $ additional costChapter6Use the following information for questions 1 through 10.Top That manufactures baseballstyle hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is pleted, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2009 follow:Workinprocess, January 31—50,000 units100 percent plete for direct materials。 40 percent pleted for conversion costs actual costs of direct materials, $70,500。 actual costs of conversion, $34,050Units started during February, 225,000 Units pleted during February 200,000Workinprocess, February 28 75,000 units100 percent plete for direct materials。 20 percent pleted for conversion costsDirect materials added during February [actual costs] $342,000Conversion costs added during February [actual costs] $352,9501. Assuming Top That uses the weightedaverage method to account for inventories, the equivalent units of work for the month of February areDirect Materials Conversion Costsa. 225,000 225,000b. 200,000 200,000c. 275,000 215,000d. 225,000 200,0002. Assuming Top That used the weightedaverage method to account for inventories, the cost per equivalent whole unit produced