《复习题目-成本会计》.docVIP

Chapter 1 and chapter 2 Galway Co. management desires cost information regarding its Celtic brand. The Celtic brand is a(n) cost object. cost driver. cost assignment. actual cost. The cost of printer paper on a college campus would be a direct cost to the college but would need to be allocated as an indirect cost to departments. buildings. schools. individual student instruction. What is the total fixed cost of the shipping department of Elaine Co. if it has the following information for 2011? Salaries $800,000 75 percent of employees on guaranteed contracts Packaging $400,000 depending on size of item(s) shipped Postage $500,000 depending on weight of item(s) shipped Rent of warehouse space $250,000 annual lease a. $850,000 b. $900,000 c. $1,050,000 d. $1,950,000 Rosland Graphics successfully bid on a job printing standard notebook covers during the year using last year’s price of $0.27 per cover. This amount was calculated from prior year costs, noting that no changes in any costs had occurred from the past year to the current year. At the end of the year, the company manager was shocked to discover that the company had suffered a loss. “How could this be?” she exclaimed. “We had no increases in cost and our price was the same as last year. Last year we had a healthy income.” What could explain the company’s loss in income this current year? Their costs were all variable costs and the amount produced and sold increased. Their costs were mostly fixed costs and the amount produced this year was less than last year. They used a different cost object this year than the previous year. Their costs last year were actual costs but they used budgeted costs to make their bids. Which type of company converts raw materials into finished products? Not-for-profit Service Merchandising Manufacturing The three categories of inventories commonly found in many manufacturing companies are: Direct materials, direct labor, and indirect manufacturing costs. Purchased goods, period cost