Seçmeli Ara Sınav - Cost And Management Accountıng

Soru 1:

I.Motivate executives for a high level of effort to achieve the goals targeted by senior management. II. Identify the fairly rewards that managers earn for their effectiveness in their decisions. III. Right incentives are provided to the managers in order to make a decision consistent with the objectives of the senior management. Which of the objectives above can be linked to the strategic role of cost allocation?

A) Only I B) Only III C) I and II D) II and III E) I, II and III

Soru 2:

Which of the following is not accurate information about management accounting?

A) Management accounting is the process of supplying the managers and employees in an organization with relevant information, both financial and nonfinancial. B) Management accounting measures and reports financial information as well as other types of information. C) Management accounting as an information system that serves information to their ‘clients’, namely the managers. D) Management accounting provides information to internal users. E) Management accounting provides information to external users.

Soru 3:

Which of the following is also known as "accord system"?

A) Time-based system B) Piece-based system C) Premium-based system D) Salary-based system E) Wage-based system

Soru 4:

In which method the cost of service departments is allocated to other service and operating departments depending on whether they provide services or not?

A) Step-down method B) Single-rate method C) Dual-rate method D) Reciprocal method E) Direct method

Soru 5:

Which of the followings is a process calculating wages, withholding taxes and other deductions?

A) Payroll B) Payment System C) Indirect Labor Cost D) Idle Time E) Overtime Work

Soru 6:

Which of the followings is the amount that an entity can generate if the normal operating disruptions are considered?

A) Practical capacity B) Theoretical capacity C) Normal capacity D) Expected capacity E) Current capacity

Soru 7:

The rate charging method which divides the cost of each support department into two different variable and fixed costs pools is called:

A) Budgeted rate method. B) Actual rate method. C) Single rate method. D) Dual rate method. E) Different rate method.

Soru 8:

Which of the following excludes indirect labor cost?

A) Holiday payments B) Night/shift premium C) Over-time premium D) Wage E) Social welfare contributions

Soru 9:

The strategic role of cost allocation is linked to four objectives except :

A) Determine accurate departmental and product costs as a basis for the evaluation of the cost efficiency of departments. B) Motivate executives for a high level of effort to achieve the goals targeted by senior management. C) Measure income and assets for reporting to external parties. D) Right incentives are provided to the managers in order to make a decision consistent with the objectives of the senior management. E) Identify the fairly rewards that managers earn for their effectiveness in their decisions.

Soru 10:

Which of the following is included in the "Determining Product Costs and Pricing" purpose of cost accounting?

A) Determining the selling price of a product B) Meeting competition C) Bidding on contracts D) Assigning responsibility E) Analyzing profitability

Soru 11:

Which of the followings is one of the labor costs related to actual work?

A) Week and Holiday Pays B) Overtime Premium C) Night/Shift Premium D) Production and Efficiency Premium E) Social Welfare Contributions

Soru 12:

Which of the following is not use of maccounting information system in decision making?

A) Performance evaluation and control B) Developing objectives and plans C) Allocating resources D) Providing useful financial information to external users E) Determining costs and benefits

Soru 13:

......................................is one of the oldest inventory monitoring techniques. In this technique, a minimum and a maximum level is determined for each material in the inventory. When the inventory decreases to the minimum level, purchase order is prepared for the material to reach the maximum level. Which of the following should come to the dotted place according to the whole sentence?

A) The Two-Bin System B) Order Cycling System C) ABC Analysis D) VED Analysis E) Min-Max Plan

Soru 14:

Which of the following based on the approach that employee is paid a basic wage and premium for his/her efficient work?

A) Time-based system B) Piece-based system C) Premium-based system D) Salary-based system E) Accord system

Soru 15:

Which of the followings is the task of the Engineering and Production Control Department?

A) The management and transportation of materials and components required for different jobs. B) To support all engineering activities in other departments. C) To determine the full cost of making the specialized machinery. D) To produce the products or services that constitute the main activities. E) To determine the amount of the service to request.

Soru 16:

I. To find the cost of product or service II. Planning and controlling activities III. Decision-making process Which of the above is one of the objectives of cost accounting?

A) Only I B) Only II C) I and III D) II and III E) I, II and III

Soru 17:

The definition of "the amount of money to be paid by the employer by a third party to a person in return for work performed by him" refers to which of the following?

A) Wage B) Salary C) Cost D) Income E) Spending

Soru 18:

Which of the followings is a feature of " Direct Labor Costs "?

A) It does not matter whether the employee is working for that company for full time or not. B) They cover all payments done for indirect labor. C) They refer to employees who are necessary for operations but who are not directly involved in the production or service process. D) In a manufacturing plant, the supervisor that oversees operations but not involved in the production process is a part of direct labor cost. E) In a restaurant payment for cleaning person that works in the kitchen but never works for cooking is a part of direct labor cost.

Soru 19:

In...........................................an average price is calculated with every new purchase. So, when the company makes a purchase, a new average price must be calculated and this price will be used for pricing the issued materials until the next purchase. Which of the following should come to the dotted place according to the whole sentence?

A) Weighted Average Cost B) Weighted Average Cost C) Replacement Cost D) Standard Cost E) Specified Price

Soru 20:

I. It is regarded as indirect labor costs. II. It refers to wages paid for an unproductive time caused by several ordinary and extraordinary reasons. III. It is related to ordinary and/or extraordinary circumstances. Which type of cost is given in the above statements?

A) Overtime Premium B) Idle Time C) Tracking Labor Costs D) Holiday Pay E) Health Payments