Cost Acc Essay

1328 Words Apr 30th, 2013 6 Pages
Name: Class: Cost Accounting Date: 02.12.2012
Quiz 5
1) Absorption costing:
A) expenses marketing costs as cost of goods sold
B) treats direct manufacturing costs as a period cost
C) includes fixed manufacturing overhead as an inventoriable cost
D) is required for internal reports to managers

2) Variable costing:
A) expenses administrative costs as cost of goods sold
B) treats direct manufacturing costs as a product cost
C) includes fixed manufacturing overhead as an inventoriable cost
D) is required for external reporting to shareholders

3) The contribution-margin format of the income statement:
A) is used with absorption costing
B) highlights the lump sum of fixed manufacturing costs
C) distinguishes
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A) Material costs increase as the number of units produced increases.
B) A company is charged 40 cents for each brochure printed and mailed.
C) Utility costs increase at the same time that insurance costs increase.
D) It makes sense that if a complex product has a large number of parts it will take longer to assemble than a simple product with fewer parts.

17) A plot of data that results in bunched points with little slope generally indicates:
A) a strong relationship
B) a weak relationship
C) a positive relationship
D) a negative relationship

18) The high-low

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