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31181023678 - Nguyễn Thị Ngọc Dung 
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Bắt đầu vào lúc Thứ hai, 28 Tháng chín 2020, 7:37 PM
State Finished
Kết thúc lúc Thứ hai, 28 Tháng chín 2020, 8:35 PM
Thời gian thực hiện 58 phút 11 giây
Điểm 27,50 out of 40,00 (69%)
Câu Hỏi 1 Đúng Đạt điểm 1,00 trên 1,00
Fabre Corporation uses the weighted-average method in its process costing system. The Assembly Department started
the month with 3,000 units in its beginning work in process inventory that were 70% complete with respect to conversion
costs. An additional 90,000 units were transferred in from the prior department during the month to begin processing in
the Assembly Department. During the month 75,000 units were completed in the Assembly Department and transferred
to the next processing department. There were 18,000 units in the ending work in process inventory of the Assembly
Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion
costs in the Assembly Department for the month?
Select one:
a. 81,900
b. 84,000
c. 105,000
d. 75,000
The correct answer is: 84,000

Câu Hỏi 2 Sai Đạt điểm 0,00 trên 1,00
Which of the following statements regarding the service industry and/or the application of management accounting
techniques to the service industry is incorrect?
Select one:
a. Many of the techniques used in manufacturing firms can be adapted to suit service industries.
b. Resources used in all service firms are predominantly variable.
c. Activity based costing is not applicable to service industries.
d. Direct materials are frequently a comparatively small part of the total cost.
The correct answer is: Resources used in all service firms are predominantly variable.
Dukes Company used a predetermined overhead rate this year of $2 per direct labor hour, based on an estimate of
20,000 direct labor hours to be worked during the year. Actual costs and activity during the year were: actual
manufacturing overhead cost incurred: $38,000; actual direct labor hours worked: 18,500. The under- or overapplied
overhead for the year was:
Select one:
a. $3,000 underapplied
b. $3,000 overapplied
c. $1,000 underapplied
d. $1,000 overapplied
The correct answer is: $1,000 underapplied
Jane Maxwell is a financial planner at Trifle Consulting. Her estimated salary cost per billable hour is $100. The estimated
overhead cost per professional labour dollar for Trifle Consulting is 20 per cent and the required profit margin is 40 per
cent of cost. What is Jane's charge out rate per billable hour?
Select one:
a. $120
b. $140
c. $100
d. $168
The correct answer is: $168

The Assembly Department started the month with 59,000 units in its beginning work in process inventory. An additional
367,000 units were transferred in from the prior department during the month to begin processing in the Assembly
Department. There were 35,000 units in the ending work in process inventory of the Assembly Department. How many
units were transferred to the next processing department during the month?
Select one:
a. 426,000
b. 461,000
c. 391,000
d. 343,000
Camel Company uses the FIFO method in its process costing system. The Assembly Department started the month with
5,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. An
additional 62,000 units were transferred in from the prior department during the month to begin processing in the
Assembly Department. There were 2,000 units in the ending work in process inventory of the Assembly Department that
were 20% complete with respect to conversion costs. What were the equivalent units for conversion costs in the
Assembly Department for the month?
Select one:
a. 65,400
b. 65,000
c. 61,400
d. 59,000

Braam Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the
estimated direct labor-hours were 11,500 hours. At the end of the year, actual direct labor-hours for the year were 9,700
hours, the actual manufacturing overhead for the year was $143,350, and manufacturing overhead for the year was
underapplied by $18,220. The estimated manufacturing overhead at the beginning of the year used in the predetermined
overhead rate must have been:
Select one:
a. $138,350
b. $148,350
c. $125,130
d. $164,023
The correct answer is: $148,350
Which of the following statements is most correct with respect to chargeout rates?
Select one:
a. A chargeout rate is typically set to cover costs of materials, labour and overhead only.
b. A chargeout rate is typically set to cover costs, but may be varied in the short term to match competitors' actions.
c. A chargeout rate is always set to cover the cost of labour and overheads and the required profit margin.
d. If the firm does not base its chargeout rate on costs, it will not survive.
The correct answer is: A chargeout rate is typically set to cover costs, but may be varied in the short term to match competitors'
actions.

Câu Hỏi 9 Đúng một phần Đạt điểm 0,75 trên 1,00
Which of these statement(s) is/ are TRUE or FALSE?

1. According to the accounting standards, the cost of inventories should include all costs incurred in getting the inventory
to the point where it can be sold as intended.
2. Support processes in the service firm value chain include human resources and customer support.
3. The mass services do not have high contact time or high customisation.
4. Service businesses wanting to monitor efficiency and plan resource requirements will generally maintain information
about service costs.
FALSE TRUE
Câu trả lời của bạn đúng một phần.

Bạn đã chọn đúng 3.
The correct answer is:
Which of these statement(s) is/ are TRUE or FALSE?
1. According to the accounting standards, the cost of inventories should include all costs incurred in getting the inventory to the
point where it can be sold as intended. [TRUE]
2. Support processes in the service firm value chain include human resources and customer support. [FALSE]
3. The mass services do not have high contact time or high customisation. [TRUE]
4. Service businesses wanting to monitor efficiency and plan resource requirements will generally maintain information about
service costs. [TRUE]
Which of the following characteristics do merchandisers have? i. They trade in physical products; ii. They do not hold
inventories; iii. They purchase goods for resale; iv. Their outputs have low customisation.
Select one:
a. i, iii and iv
b. All the given answers
c. i, ii and iii
d. ii, iii and iv
The correct answer is: i, iii and iv

Which of the following correctly describes the way firms would set their chargeout rates per billable hour?
Select one:
a. Rates are set to cover costs.
b. Rates are set to match competitors' rates.
c. Any or all of the given answers.
d. Rates are set in line with the profession's recommendation.
The correct answer is: Any or all of the given answers.
When sales exceed production, the net operating income reported under variable (marginal) costing generally will be:
Select one:
a. less than net operating income reported under absorption costing.
b. greater than net operating income reported under absorption costing.
c. equal to net operating income reported under absorption costing.
d. higher or lower because no generalization can be made.
The correct answer is: greater than net operating income reported under absorption costing.
Rio Manufacturing Company uses a job order cost system. At the beginning of February, Rio only had one job in process,
Job #594. The direct costs assigned to this job at that time were $800 of Materials and $650 of labor. Job #594 was
finished during February incurring additional direct costs of $120 for materials and $370 for labor. Job #595 was started
and finished during February. The direct costs assigned to this job were $310 for materials and $190 for labor. Job #596
was started during February but was not finished by the end of the month. The direct costs assigned to this job were
$740 for materials and $300 for labor. Rio applies manufacturing overhead to its products at a rate of 200% of direct
labor cost. What is Rio's cost of goods manufactured for February?
Select one:
a. $2,440
b. $4,860
c. $6,500
d. $3,750

Costs in an operation costing system are accumulated by:
Select one:
a. by individual job
b. department
c. by neither job nor department
d. by both job and departments
The correct answer is: by both job and departments
A company manufactures and sells a single product. For this month the budgeted fixed production overheads are
$48,000, budgeted production is 12,000 units and budgeted sales are 11,720 units. The company currently uses
absorption costing. If the company used marginal costing principles instead of absorption costing for this month, what
would be the effect on the budgeted profit?
Select one:
a. $1,120 higher
b. $3,920 lower
c. $3,920 higher
d. $1,120 lower
The correct answer is: $1,120 lower
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated
direct labor-hours were 21,800 hours and the total estimated manufacturing overhead was $497,040. At the end of the
year, actual direct labor-hours for the year were 21,500 hours and the actual manufacturing overhead for the year was
$492,040. Overhead at the end of the year was:
Select one:
b. $1,840 overapplied
c. $6,840 underapplied

A company that produces a single product had a net operating income of $85,500 using variable (marginal) costing and a
net operating income of $90,000 using absorption costing. Total fixed manufacturing overhead was $150,000, and
production was 100,000 units. Between the beginning and the end of the year, the inventory level:
Select one:
a. decreased by 4,500 units
b. decreased by 3,000 units
c. increased by 4,500 units
d. increased by 3,000 units
The correct answer is: increased by 3,000 units
A personal trainer working for the local health club is providing health advice to one of the gym's customers. This activity
relates to the health club's:
Select one:
a. Back office
b. Communication office
c. Customer service office
d. Front office
The correct answer is: Front office
Equivalent units for a process costing system using the FIFO method would be equal to:
Select one:
a. units started and completed during the period plus equivalent units in the ending work in process inventory plus
work needed to complete units in the beginning work in process inventory.
b. units completed during the period and transferred out.
c. units completed during the period plus equivalent units in the ending work in process inventory.
d. units started and completed during the period plus equivalent units in the ending work in process inventory.
The correct answer is: units started and completed during the period plus equivalent units in the ending work in process
inventory plus work needed to complete units in the beginning work in process inventory.

A medical practice bulk billing for patient services does not usually cost specific services because: (i). it does not control
service—product mix; (ii). it cannot control costs; (iii). it does not determine prices
Select one:
a. i and iii
b. i and ii
c. i, ii and iii
d. ii and iii
The correct answer is: i and iii
Dafoe Corp. uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
manufacturing overhead was $221,100. At the end of the year, actual direct labor-hours for the year were 14,400 hours,
manufacturing overhead for the year was overapplied by $21,500, and the actual manufacturing overhead was $216,100.
The predetermined overhead rate for the year must have been closest to:
Select one:
a. $15.01
b. $15.35
c. $16.50
d. $17.73
The correct answer is: $16.50

Hafner Company uses the weighted-average method in its process costing system. The first processing department, the
Welding Department, started the month with 13,000 units in its beginning work in process inventory that were 80%
complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $23,920.
An additional 66,000 units were started into production during the month and 68,000 units were completed in the
Welding Department and transferred to the next processing department. There were 11,000 units in the ending work in
process inventory of the Welding Department that were 30% complete with respect to conversion costs. A total of
$127,890 in conversion costs were incurred in the department during the month. What would be the cost per equivalent
unit for conversion costs for the month? (Round off to three decimal places.)
Select one:
a. $2.129
b. $1.938
c. $2.300
d. $1.661
When manufacturing overhead is applied to production, it is added to:
Select one:
a. the Cost of Goods Sold account.
b. the Work in Process account.
c. the Raw Materials account.
d. the Finished Goods inventory account.
The correct answer is: the Work in Process account.
Which of the following is NOT a description of a mass service provider?
Select one:
a. Employees have very little contact time with customers, with the main production processes happening in the back
office.
b. It has some customisation of services, with mostly repetitive processes.
c. Equipment is a key input, with emphases on minimising discretion by employees.
d. It has a high number of standardised services.
The correct answer is: It has some customisation of services, with mostly repetitive processes. 
Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of
the costs charged to all jobs:
Select one:
a. in process during the period.
b. started in process during the period.
c. completed and sold during the period.
d. completed during the period.
The correct answer is: completed during the period.
Inacio Corporation uses the FIFO method in its process costing system. The first processing department, the Forming
Department, started the month with 22,000 units in its beginning work in process inventory that were 70% complete with
respect to conversion costs. The conversion cost in this beginning work in process inventory was $38,500. An additional
71,000 units were started into production during the month and 72,000 units were completed and transferred to the next
processing department. There were 21,000 units in the ending work in process inventory of the Forming Department that
were 40% complete with respect to conversion costs. A total of $148,850 in conversion costs were incurred in the
department during the month. What would be the cost per equivalent unit for conversion costs for the month on the
Forming Department's production report? (Round off to three decimal places.)
Select one:
a. $2.290
b. $2.015
c. $2.096
d. $2.500

In an income statement prepared as an internal report using variable (marginal) costing, variable selling and
administrative expenses would:
Select one:
a. not be used
b. be used in the computation of net operating income but not in the computation of the contribution margin
c. be treated the same as fixed selling and administrative expenses
d. be used in the computation of the contribution margin
The correct answer is: be used in the computation of the contribution margin
HMF Co produces a single product. The budgeted fixed production overheads for the period are $500,000. The budgeted
output for the period is 2,500 units. Opening inventory at the start of the period consisted of 900 units and closing
inventory at the end of the period consisted of 300 units. If absorption costing principles were applied, the profit for the
period compared to the marginal costing profit would be which of the following?
Select one:
a. $120,000 lower
b. $120,000 higher
c. $125,000 lower
d. $125,000 higher
The correct answer is: $120,000 lower

Brooks Company uses the weighted-average method in its process costing system. The beginning work in process
inventory in a particular department consisted of 12,000 units, 100% complete with respect to materials cost and 40%
complete with respect to conversion costs. The total cost in the beginning work in process inventory was $25,000. During
the month, 50,000 units were completed and transferred out of the department. The costs per equivalent unit were
computed to be $1.50 for materials and $3.20 for conversion costs. The total cost of the units completed and transferred
out of the department was:
Select one:
a. $226,640
b. $210,000
c. $235,000
d. $201,640
Stead Company produces a single product. Last year, the company's net operating income computed by the absorption
costing method was $6,400, and its net operating income computed by the variable (marginal) costing method was
$9,100. The company's unit product cost was $17 under variable costing and $20 under absorption costing. If the ending
inventory consisted of 2,100 units, the beginning inventory in units must have been:
Select one:
a. 1,200
b. 4,800
c. 3,000
d. 2,100

A single-product company prepares income statements using both absorption and variable (marginal) costing methods.
Manufacturing overhead cost applied per unit produced under absorption costing in year 2 was the same as in year 1.
The year 2 variable costing statement reported a profit whereas the year 2 absorption costing statement reported a loss.
The difference in reported income could be explained by units produced in year 2 being:
Select one:
a. Less than units sold in year 2
b. In excess of the activity level used for allocating overhead to the product
c. In excess of units sold in year 2
d. Less than the activity level used for allocating overhead to the product
The correct answer is: Less than units sold in year 2
Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated
direct labor-hours were 17,900 hours and the total estimated manufacturing overhead was $341,890. At the end of the
year, actual direct labor-hours for the year were 16,700 hours and the actual manufacturing overhead for the year was
$336,890. Overhead at the end of the year was:
Select one:
b. $22,920 underapplied
c. $22,920 overapplied
Emco Company uses direct labor cost as a basis for computing its predetermined overhead rate. In computing the
predetermined overhead rate for last year, the company misclassified a portion of direct labor cost as indirect labor. The
effect of this misclassification will be to:
Select one:
a. understate the predetermined overhead rate.
b. overstate the predetermined overhead rate.
c. cannot be determined from the information given.
d. have no effect on the predetermined overhead rate.
The correct answer is: overstate the predetermined overhead rate. 

Câu Hỏi 34 Đúng một phần Đạt điểm 0,75 trên 1,00
Which of these statement(s) is/ are True or False?
1. The costs and benefits associated with service costing are influenced by the complexity of the costing system, the accuracy of the
service cost information and the relevance of service cost information to managing resources and creating value. TRUE
2. A financial planning business will generally consume three types of resources: overhead costs, direct material costs and
professional labour costs. TRUE
3. The production environment of a service shop includes extensive contact with the customer and the number of services produced
is relatively low. FALSE
4. Professional service firms will often use a billing system that is based on chargeout rates per billable hour. TRUE
Williams Company uses the FIFO method in its process costing system. The beginning work in process inventory in a
particular department consisted of 10,000 units, 100% complete with respect to materials and 60% with respect to
conversion costs. The total cost in the beginning work in process inventory was $48,200. During the month, 25,000 units
were transferred out of the department. The costs per equivalent unit were computed to be $3.10 for materials and
$4.50 for conversion costs. The total cost of the units completed and transferred out of the department was:
Select one:
a. $180,200
b. $190,000
c. $132,000
d. $189,200
The weighted-average method of process costing differs from the FIFO method of process costing in that the weighted-
average method:
Select one:
a. can be used under any cost flow assumption.
b. keeps costs in the beginning inventory separate from current period costs.
c. does not consider the degree of completion of units in the beginning work in process inventory when computing
equivalent units of production.
d. does not require the use of predetermined overhead rates.
The correct answer is: does not consider the degree of completion of units in the beginning work in process inventory when
computing equivalent units of production. 
Advocates of variable (marginal) costing argue that:
Select one:
a. fixed production costs should be capitalized as an asset and amortized over future periods when benefits from such
costs are expected to be received.
b. fixed production costs should be charged to the period in which they are incurred.
c. fixed production costs should be added to inventory because such costs have future service potential and therefore
are inventoriable as an asset.
d. fixed production costs should be charged to the period in which they are incurred unless sales do not equal
production in which case any difference should be capitalized as an asset and amortized over future periods.
The correct answer is: fixed production costs should be charged to the period in which they are incurred.
A company which uses marginal costing has a profit of $37,500 for a period. Opening inventory was 100 units and closing
inventory was 350 units. The fixed production overhead absorption rate is $4 per unit. What is the profit under
absorption costing?
Select one:
a. $35,700
b. $35,500
c. $39,300
d. $38,500
If a company applies overhead to production on the basis of a predetermined rate, a debit balance in the Manufacturing
Overhead account at the end of the period means that:
Select one:
a. actual overhead cost was less than the amount of direct labor cost.
b. actual overhead cost was less than the amount charged to production.
c. actual overhead cost was greater than the amount charged to production.
d. more overhead cost has been charged to production than has been charged to finished goods during the period.
The correct answer is: actual overhead cost was greater than the amount charged to production.

Welk Company produces a single product. Last year, the company had 16,000 units in its beginning inventory. During the
year, the company's variable production costs were $6 per unit and its fixed manufacturing overhead costs were $4 per
unit. The company's net operating income for the year was $24,000 higher under absorption costing than it was under
marginal costing. Given these facts, the number of units in the ending inventory must have been:
Select one:
a. 22,000 units
b. 6,000 units
c. 10,000 units
d. 4,000 units
The correct answer is: 22,000 units
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31181023678 - Nguyễn Thị Ngọc Dung 

Câu Hỏi 1 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: 84,000

Câu Hỏi 3 Sai Đạt điểm 0,00 trên 1,00

The correct answer is: $1,000 underapplied

Câu Hỏi 4 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $168

The correct answer is: 391,000

Câu Hỏi 6 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: 61,400

The correct answer is: $148,350

Câu Hỏi 8 Sai Đạt điểm 0,00 trên 1,00

Which of these statement(s) is/ are TRUE or FALSE?

Câu trả lời của bạn đúng một phần.

Câu Hỏi 10 Sai Đạt điểm 0,00 trên 1,00

The correct answer is: i, iii and iv

The correct answer is: Any or all of the given answers.

Câu Hỏi 12 Đúng Đạt điểm 1,00 trên 1,00

Câu Hỏi 13 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $4,860

Costs in an operation costing system are accumulated by:

The correct answer is: by both job and departments

Câu Hỏi 15 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $1,120 lower

Câu Hỏi 16 Sai Đạt điểm 0,00 trên 1,00

The correct answer is: $1,840 underapplied

The correct answer is: increased by 3,000 units

Câu Hỏi 18 Sai Đạt điểm 0,00 trên 1,00

The correct answer is: Front office

Câu Hỏi 19 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: i and iii

Câu Hỏi 21 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $16.50

The correct answer is: $2.129

Câu Hỏi 23 Đúng Đạt điểm 1,00 trên 1,00

When manufacturing overhead is applied to production, it is added to:

The correct answer is: the Work in Process account.

Câu Hỏi 24 Sai Đạt điểm 0,00 trên 1,00

Which of the following is NOT a description of a mass service provider?

The correct answer is: completed during the period.

Câu Hỏi 26 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $2.290

Câu Hỏi 28 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $120,000 lower

The correct answer is: $235,000

Câu Hỏi 30 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: 3,000

The correct answer is: Less than units sold in year 2

Câu Hỏi 32 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $17,920 underapplied

Câu Hỏi 33 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: overstate the predetermined overhead rate. 

Which of these statement(s) is/ are True or False?

Câu Hỏi 35 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $180,200

Câu Hỏi 36 Đúng Đạt điểm 1,00 trên 1,00

Advocates of variable (marginal) costing argue that:

Câu Hỏi 38 Đúng Đạt điểm 1,00 trên 1,00

The correct answer is: $38,500

Câu Hỏi 39 Sai Đạt điểm 0,00 trên 1,00

The correct answer is: 22,000 units

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