Solved by verified expert :8.
The additional cost incurred as the cost
driver increases by one unit is:
A.
Average cost.
B.
Controllable cost.
C.
Variable cost.
D.
Unit cost.
9.
Strategic analysis uses
which of the following to help a firm improve its competitive position through
an analysis of product and production complexity?
A.
Differential cost
drivers.
B.
Discretionary cost
drivers.
C.
Structural cost drivers.
D.
Marginal cost drivers.
10.
Which one of the following would not
be found in a merchandising company?
A.
Beginning inventory.
B.
Cost of goods sold.
C.
Ending inventory.
D.
Gross profit.
E.
Work-in-process.
11. The
cost of goods that were finished and transferred out of work-in-process during
the current period is:
A.
Cost of goods sold.
B.
Cost of goods available
for use.
C.
Cost of goods
manufactured.
D.
Cost of goods available
for sale.
E.
Cost of goods purchased.
12.
Which of the following
tend to be non-differential in the short term since they cannot be changed, but
are more likely to be differential in the long term?
A.
Fixed costs.
B.
Variable costs.
C.
Mixed costs.
D.
Semivariable costs.
Assume
the following information pertaining to Cub Company:
16.
Direct labor used is calculated to be:
A.
$306,000.
B.
$26,000.
C.
$110,000.
D.
$84,000.
E.
$111,000.
17.
Factory overhead is calculated to be:
A.
$306,000.
B.
$26,000.
C.
$110,000.
D.
$84,000.
E.
$111,000.
18.
Total manufacturing cost is calculated
to be:
A.
$306,000.
B.
$26,000.
C.
$110,000.
D.
$331,000.
E.
$111,000.
19.
Cost of goods manufactured is calculated
to be:
A.
$289,000.
B.
$348,000.
C.
$314,000.
D.
$297,000.
E.
$323,000.
Assume the
following information pertaining to Moonbeam Company:
Costs incurred
during the period are as follows:
20.
Materials purchases are calculated to
be:
A.
$143,000.
B.
$156,000.
C.
$91,000.
D.
$169,000.
E.
$140,000.
