Final Sınavı - Cost And Management Accountıng

Soru 1:

Which of the following terms refers to the difference between the unit sales price and the unit variable cost?

A) Profit B) Contribution C) Revenue D) Cost E) Volume

Soru 2:

"Activity....................." Which of the following best completes the statement above?

A) allocates each unit if management uses indirect labor hours or machine hours B) traces the direct costs as it is more reliable than allocating the indirect costs C) increases the direct costs’ share in total cost decreasing the reliability of cost assignment D) is defined as any event or task that is carried out in order to meet a specific goal. E) is ignored in refined costing system for a more detailed analysis of cost assignment

Soru 3:

Which of the following is transferred to the related asset account on the balance sheet when the product is completed?

A) Inventoriable cost B) Cost of goods sold C) Product cost D) Service cost E) Period cost

Soru 4:

Which one of the following is not among the factors that taken into consideration while making pricing decisions by businesses?

A) Costs B) Political and legal regulations C) Customer demands D) Impacts of the competitors E) Size of the company

Soru 5:

Direct labors in XYZ Company have worked for 43,200 hours in order to produce 8,000 trays. The actual wage rate that the Company has incurred for each hour is 15TL, although the standard wage rate was 13TL for the year. Can you calculate the direct labor price variance?

A) 28,800TL B) 32,000TL C) 43,200TL D) 51,200TL E) 86,400TL

Soru 6:

The main function of cost accounting is to produce cost information related to the production activity of the business. The information produced by cost accounting contributes to somethings. Which of the following is not one of them?

A) Planning B) Contributing special purpose decisions C) Providing expense control D) Determination of unit cost E) Determination of every improtant cost

Soru 7:

"Peanut butter costing........................................." Which of the following best completes the statement above?

A) explains the importance of considering the semi-finished products as well as the finished goods B) is the name given to a costing system that broadly averages or spreads the costof resources uniformly to cost objects C) relates the production methods and technologies with the costing methods chosen and comment on the prices D) explores the differences between the application of weighted average and FIFOmethods. E) produces a small variety of goods with much simpler processes with high costs

Soru 8:

Which of the following reflects the company’s efficiency in using the materials?

A) Direct materials efficiency variance B) Materials usage ratio C) Direct labor flexible-budget variance D) Direct Materials Price Variance E) Flexible-Budget Variance on Finished Goods

Soru 9:

Which one of the following is a refined version of simple costing system, with increased number of cost pools and allocation bases?

A) Process costing B) Activity-based costing C) Job costing D) Actual costing E) Standard costing

Soru 10:

What is the name of the general term that includes both tracing accumulated costs that have a direct relationship to a cost object and allocating accumulated costs that have an indirect relationship to a cost object?

A) Cost accumulation B) Cost assignment C) Direct costs D) Indirect costs E) Period costs

Soru 11:

.........................is the additional cost incurred when making or producing (of a good or service) one additional unit. In other words, the change in total cost that arises from the quantity changes by one unit is called ........................ Which of the following should come to the dotted place according to the whole sentence?

A) Sunk cost B) marginal cost C) relevant cost D) strong cost E) Differential

Soru 12:

Which of the following terms refers to the costs that are traceable to a specific cost object?

A) Idle time B) Overtime work C) Premium D) Indirect labor cost E) Direct labor cost

Soru 13:

In a production business, the unit sales price of each product is 2,200TL. It is defined that the total fixed cost of the business is to be 1,800,000TL and variable cost of each product is to be 1,700TL. Since the business management has targeted income of 300,000TL, what is the units of products to achieve the target income?

A) 500 B) 1,800 C) 2,200 D) 3,900 E) 4,200

Soru 14:

What is the name of the process of establishing objectives or goals for the business and calculating the means by which they will be met?

A) Control B) Planning C) Management Accounting D) Determining Product Costs E) Pricing

Soru 15:

I. Determining the selling price of a product II. Meeting competition III. Bidding on contracts IV. Analyzing profitability Which of the above are among the important marketing decisions in which unit cost information is helpful?

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

Soru 16:

...................................method, product cost is calculated at year-end by using the cost data that incurred during the year. In order to calculate the product cost, it is necessary that the production is completed and all related expenditures have incurred. Which of the following should come to the dotted place according to the whole sentence?

A) Standard Costing Method B) Actual Costing Method C) Fixed costing method D) Requisition costing method E) Process costing method

Soru 17:

Which of the following is true about "Refinement of Costing System"?

A) Refined costing system provides a more detailed analysis of cost assignment B) Refined costing system cannot be used indirect costs’ allocation C) In refined costing system, the share of direct costs in total is not increased D) In refined costing system, the number of indirect cost pools is decreased E) In refined costing system, less allocation bases are used for more diversifiedactivities

Soru 18:

I. Efficient Resource Allocation II. Communication III. Coordination IV. Performance Evaluation Which of the above are among the benefits of budgeting?

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

Soru 19:

I. It makes it easier to compare the actual results with budgeted results. II. Using the standard costs helps management with pricing decisions. III. Standard costing is worse than the actual costing in terms of timeliness of cost data to use in pricing decision. Which of the statements above are true about standart costing?

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

Soru 20:

"The direct labor budget........................." Which of the following best completes the statement above?

A) represents the number of hours and corresponding costs of direct labor neededfor making the budgeted production B) prefers to make lans by separately considering the variable and fixed overhead costs. C) provides an important input for the preparation of both pro forma balancesheet and cost of goods sold budget D) is separated as variable and fixed overhead costs; whereas in others cost hierarchy is considered E) is crucial for a company on the way to attaining the shortterm objectives