Final Sınavı - Cost And Management Accountıng

Soru 1:

"Actual Costing Method....................." Which of the following best completes the statement above?

A) At the start of the year, actual costs are calculated first to make predictions about actual values B) At the end of the year, standard costs and actual costs are compared to adjust to actual values to be reflected in financial statements. C) product cost is already known at the beginning of the year without any prior calculation D) costs of all manufacturing factors are based on the standards that are previously determined using scientific techniques and methods. E) product cost is calculated at year-end by using the cost data that incurred during the year

Soru 2:

Which of the following is true about "Operating budgets"?

A) Operating budgets prevent the company from failing in the financial aspects of the company, such as the company’s income, cash flows, and financial position B) Operating budgets are used to keep a balance in the financial state of the company’s plans, such as the company’s income, cash flows, and financial position C) Operating budgets represent the maximum profit of the company in cash flows, and financial position D) Operating budgets represent the financial aspects of the company’s plans, such as the company’s income, cash flows, and financial position E) Operating budgets reflect the company’s short-term plans related to the implementation of strategic projects

Soru 3:

In.......................penditures for all manufacturing related factors are included in the product cost. Which of the following should come to the dotted place according to the whole sentence?

A) Normal Costing Method B) Variable Costing Method C) Full Costing Method D) Direct Costing Method E) Throughput Costing Method

Soru 4:

When decision making is handled systematically, since decision-making activity is considered as a process, it naturally has several stages. which of the following is not one of them?

A) determining which basis to decide B) collecting all the data needed for decision making C) reviewing the alternatives D) formulating an application plan E) establishing non-objectives

Soru 5:

In which method expenditures for all manufacturing related factors are included in the product cost?

A) Direct costing method B) Variable costing method C) Full costing method D) Throughput costing method E) Normal costing method

Soru 6:

Which of the following is not one of the essential factors that have a role in making a profit?

A) Price of the product (service) per unit B) Total amount of order for product (service) C) Sales amount of the product (service) D) Variable cost of the product (service) per unit E) Total amount of fixed cost of the product (service)

Soru 7:

Which of the following terms refers to the amount of cost allocated to each unit of the allocation base?

A) Debit B) Credit C) Rate D) Cost E) Variance

Soru 8:

There are many internal and external factors that determine the profit that a business will provide. We can list the essential factors that have a role in making a profit. If we list which one is not one of them?

A) Price of the product (service) per unit B) Sales amount of the product (service) C) Variable cost of the product (service) per unit D) Total amount of fixed cost of the product(service) E) Unit amount of fixed cost of product

Soru 9:

There are different types costing methods by the scope of product cost coverage . Which one is not one of them?

A) Full costing method B) Normal Costing Method C) Variable Costing Method D) Indirect Costing Method E) Throughput Costing Method

Soru 10:

Which of the following is the budget that adjusts the revenues and expenses according to actual sales volume?

A) Variable budget B) Static budget C) Flexible budget D) Historical budget E) Tight budget

Soru 11:

............................is a choice among two or more alternatives. which of the following should come to the dotted place according to the continuation of the sentence?

A) Decision B) Effecient C) Practicable D) Made on time E) Decision making

Soru 12:

Which of the following is one of the main costing systems?

A) Demand costing B) Sales costing C) Process costing D) Labour costing E) Product costing

Soru 13:

Which of the following terms refers to the difference between the actual results and budgeted amounts?

A) Variance B) Standards C) Costing D) Cost Flows E) Finished Goods

Soru 14:

"Bill of materials ................................." Which of the following best completes the statement above?

A) describes how many units to produce in order to satisfy the ending inventory requirements B) identifies the use of direct materials in production, including the sequence and required amount of materials to produce each finished unit. C) represents the amount and budgeted cost of direct materials that is required to produce the planned number of units D) use production budgets to prepare plans for gathering the necessary resources for the budgeted production E) reflects the needed volumes of production for each quarter, considering the seasonality in sales and inventory

Soru 15:

Which of the following methods allocates costs by explicitly including the mutual services provided among all support departments?

A) Incremental cost-allocation method B) Step-down cost-allocation method C) Reciprocal cost-allocation method D) Single-rate cost allocation method E) Dual-rate cost-allocation method