成本管理会计习题及答案

1. Cost allocation is the tracing and reassigning of costs to one or more cost objectives such

as departments, customers, or products. True

2.Cost assignment is the tracing or allocating of costs to one or more cost objectives, such as

activities and departments. True

3. A cost pool is a group of individual costs that is allocated to cost objectives using multiple

cost drivers. False

4.The contribution approach is a method of internal reporting that emphasizes the distinction

between variable and fixed costs for the purpose of better decision making.True

5. Relevant information is the historical costs and revenues that differ because of alternative courses of actions. False

6. Relevant information might have an element of difference among alternatives.False

7. The absorption approach emphasizes the distribution between fixed and variable costs.False

8. The contribution margin is computed using variable manufacturing costs, and variable selling and administrative costs.

True

9. Opportunity costs need to be considered when deciding on the use of limited resources.True

10. Opportunity cost depends on alternatives available.True

11. Opportunity costs and outlay costs are widely used synonyms.False

12. Sunk cost is another term for historical cost or past cost.True

1._____ is a method of approximating cost functions.

a. Cost driver analysis

b. Account analysis

c.Product analysis

d. Account analysis

2.______ is the application of cost measures to expected future activity levels to forecast future costs.

a.Activity analysis

b. Cost prediction

c.Measurement of cost behavior

d. A cost function

3. The process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service is called _____.

a. cost prediction

b. cost measurement

c.activity analysis

d. budgeting

4. _____ is the process of reassigning cost to a cost object.

a. Cost accumulation

b. Cost accounting

c. Cost allocation

d. Cost application

5. Where a specific product is the cost object, the hourly wages of assembly workers who work on only that product would be classified as a(n) _____.

a.direct, variable cost

b. direct, fixed cost

c. indirect, variable cost

d. indirect, fixed cost

6. Where a specific product is the cost object, the wages of a security guard w ould probably be classified as a(n) _____.

a.direct, variable cost

b.direct, fixed cost

c. indirect, variable cost

d. indirect, fixed cost

7.Where a specific product is the cost object, the materials used to manufacture the product would probably be classified as a(n) _____.

a.direct, variable cost

b. direct, fixed cost

c. indirect, variable cost

d. indirect, fixed cost

8. _____ is the predicted future costs and revenues that will differ among alternative courses of action.

a.Relevant information

b.Sunk costs and revenues

c.Historical information

d. Predictable information

9. In a special order decision, fixed costs that do not differ between two alternatives are _____.

a. of major importance to the decision

b.considered opportunity costs

c. important only if they are a material dollar amount

d. irrelevant

10._____ is the additional cost resulting from producing and selling one additional unit.

a.Marginal cost

mon cost

c. Opportunity cost

d. Markup

11. Price elasticity measures the _____.

a. amount customers are willing to pay for a product or service

b. effect of price changes on sales volume

c. number of units a company is willing to sell

d.amount of competition in a given industry

12. In perfect competition, the profit-maximizing volume is the quantity at which _____.

a. marginal cost equals marginal revenue

b.contribution margin equals fixed cost

c. marginal revenue equals price

d.price exceeds marginal cost

13. Sue is considering leav ing her current position to open a coffee shop. Sue’s current salary is $83,000. Annual coffee shop revenue and costs are estimated at $260,000 and $210,000, respectively. _____ is the opportunity cost of opening the coffee shop.

a. $83,000

b.$210,000

c. $343,000

d. $40,000