If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total manufacturing costs" for the period, then

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Question 1 of 20
If the amount of "Cost of goods manufactured" during a period exceeds the amount of "Total
manufacturing costs" for the period, then
A. Ending work in process inventory is greater than or equal to the amount of the beginning work
in process inventory.
B. Ending work in process is greater than the amount of the beginning work in process
inventory.
C. Ending work in process is equal to the cost of goods manufactured.
D. Ending work in process is less than the amount of the beginning work in process inventory.
Question 2 of 20
5.0 Points
Which of the following would be accounted for using a job order cost system?
A. The production of personal computers.

2. B. The production of automobiles.
C. The refining of petroleum.
D. The construction of a new campus building.
Question 3 of 20
5.0 Points
All of the following would be entries in assigning accumulated costs to the Work In Process
Inventory except:
A. The purchase of raw materials.
B. Raw materials are used.
C. Overhead is applied.
D. Factory labor is used.
Question 4 of 20
5.0 Points
Process costing is used when
A. The production process is continuous
B. Production is aimed at filling a specific customer order
C. Dissimilar products are involved

3. D. Costs are to be assigned to specific jobs.
Question 5 of 20
5.0 Points
Process costing is not used when
A. Similar goods are being produced
B. Large volumes are produced
C.jobs have distinguishing characteristics
D. A series of connected manufacturing processes is necessary.
Question 6 of 20
5.0 Points
Which of the following manufacturing cost elements occurs in a process cost system?
A. Direct materials.
B. Direct labor.
C. Manufacturing overhead.

4. D. All of these.
Question 7 of 20
5.0 Points
In a process cost system, units to be accounted for in a department are equal to the
A. Number of units started or transferred into the department.
B. Number of units transferred out of the department.
C. Units in the beginning inventory plus the units started or transferred into the department.
D. Ending inventory plus the units started or transferred into the department.
Question 8 of 20
5.0 Points
In computing equivalent units, ___________ is not part of the equivalent units of production
formula.
A. Units transferred out
B. Beginning work in process
C. Ending work in process

5. D. None of these is correct.
Question 9 of 20
5.0 Points
In the Camria Company, materials are entered at the beginning of the process. If there is no
beginning work in process, but there is an ending work in process inventory, the number of
equivalent units as to materials costs will be
A. The same as the units started.
B. The same as the units completed.
C. Less than the units started.
D. Less than the units completed.
Question 10 of 20

6. 5.0 Points
Which best describes the flow of overhead costs in an activity-based costing system?
A. Overhead costs to direct labor cost or hours to products
B. Overhead costs to products
C. Overhead costs to activity cost pools to cost drivers to products
D. Overhead costs to machine hours to products
Question 11 of 20
5.0 Points
Which of the following is a non-value-added activity?
A. Painting
B. Finishing
C. Packaging
D. Building maintenance

7. Question 12 of 20
5.0 Points
An example of an activity cost pool is
A. Machine hours.
B. Setting up machines.
C. Number of setups.
D. Number of inspections.
Question 13 of 20
5.0 Points
Companies that switch to ABC often find they have
A. been overpricing some products.
B. possibly losing market share to competitors.
C.been sacrificing profitability by underpricing some products.
D.all of the above.
Question 14 of 20

8. 5.0 Points
The break-even point is where
A.total sales equal total variable costs.
B.contribution margin equals total fixed costs.
C.total variable costs equal total fixed costs.
D.total sales equal total fixed costs.
Question 15 of 20
5.0 Points
Fixed costs normally will not include
A.property taxes.
B.direct labor.
C.supervisory salaries.
D.depreciation on buildings and equipment.

9. Question 16 of 20
5.0 Points
If a firm increases its activity level,
A.costs should remain the same.
B.most costs will rise.
C.no costs will remain the same.
D.some costs will change, others will remain the same.
Question 17 of 20
5.0 Points
Which of the following is not a mixed cost?
A.Car rental fee
B.Electricity

10. C.Depreciation
D.Telephone Expense
Question 18 of 20
5.0 Points
If Whisper Wings Airlines cuts its domestic fares by 30%,
A.its fixed costs will decrease.
B.profit will increase by 30%.
C.a profit can only be earned by decreasing the number of flights.
D.a profit can be earned either by increasing the number of passengers or by decreasing
variable costs.
Question 19 of 20
5.0 Points
In evaluating the margin of safety, the
A.break-even point is not relevant.
B.higher the margin of safety ratio, the greater the margin of safety.
C.higher the dollar amount, the lower the margin of safety.
D.higher the margin of safety ratio, the lower the fixed costs.

11. Question 20 of 20
5.0 Points
The required sales in units to achieve a target net income is
A.(sales + target net income) divided by contribution margin per unit.
B.(sales + target net income) divided by contribution margin ratio.
C.(fixed cost + target net income) divided by contribution margin per unit.
D. (fixed cost + target net income) divided by contribution margin ratio.