2019–2020 Final (Dönem Sonu) Çıkmış Soruları

Joey Tribbiani worked for 52 hours last week for Friends Corporation. Of the 52 hours 7 hours were considered overtime. Tribbiani is paid 70TL per hour for regular work, and 80TL per hour for overtime work. There was no idle time for Tribbiani last week.

What would be Tribbiani’s total compensation for that week?

I. Identify support and operating department cost pools

II. Assign costs to cost pools

III. For each support department cost pool, choose an allocation base

IV. Explain the purpose of the the single-rate and dual-rate methods

Which of the above are steps of the process for allocating support department costs?

Stardust Company produces and sells coffee mugs in its Minnesota facility with a monthly production capacity of 10,000 units. However, (because of a raw material shortage) company could produce only 6,000 units in November. For this production, Stardust paid 15,000 TL for direct materials, 9,000 TL for salaries of labors working directly in production and 24,000 TL for indirect manufacturing costs.

If the Company applies normal costing method, what is the unit cost for a mug?

Which of the following costing methods is classified in a classification related to costing time?

Which of the following statements is true related to costing systems?

I. The more cost pools are created, the better the cost is allocated.

II. Cost driver of the activity with the highest cost is used as the allocation base for entire production system.

III. Indirect costs are allocated to cost objects with the help of cost rates calculated by using the total number of allocation base units.

Which of the statements above are wrong?

I. Budgets include only financial aspects.

II. Budgets facilitate cooperation among employees.

III. A well-established budget system primarily works for planning purposes.

IV. As the financial aspects are included in financial budgets, master budget only deals with operational aspects.

Which of the statements above are true for budgeting?

Which choice is not an objective of managers in preparing a budget?

Which choice presents the two budgets that are not directly linked to each other in the master budget preparation process?

Badgers Company prepares and sells wallets in its facilities in Izmir. Company management applies an inventory management policy that requires to have ending inventory at a level that is equal to 30% of next month’s sales volume. The sales volumes for January – April period are represented below as:

What is the total number of units that Badgers Company budgets to produce in the first quarter?

Which term describes the management’s approach that focuses only on the important deviations from budgeted numbers?

Which choice represents a mismatching between the two standards according to their classification?

Using the two income statements presented above, please calculate the target operating income stated at flexible budget.

Dust Company is expecting to sell 3,000 air-conditioners from 1,500 TL sales price during the year 2019. However, at the end of 2019, company managers learned that Company could sell 2,600 units and sales price was 1.600TL.

Which of the following choices reflect the Sales Volume Variance for Dust Company?

In a production business in May;

The Total Variable Cost = 400.000 TL

The Total Fixed Cost = 120.000 TL

Activity Volume = Number of Units

As the number of items produced in a production business in May is 1.000, what is the unit cost of each item?

Which of these concepts below is called as fixed cost?

Which of these pricing strategies below is related to variable cost pricing?

In a production business;

The Total Cost = 600.000 TL

The Total Variable Cost = 450.000 TL

The Unit Sales Price = 500 TL

The Number of Units = 1.500 units.

What is the break even point of this business?

I. Direct raw material cost

II. Direct labor cost

III. Indirect labor cost

IV. Manufacturing overhead cost

Which of the above are elements of manufacturing costs?

The company used 3m2 of plywood in the production of a single desk. How will the company recognise the cost of the plywood used in production?