Deneme Sınavı Soruları

Traditional standard costing systems focus too much on the efficiency of direct labor.

Shortening product-life-cycles shortens the duration of standards’ validity.

New standard development is required each time a new product is launched.

They tend to focus only on cost minimization.

Managers may spend their time on significant problems.

I, II, III and IV

II, III, IV and V

I, III, IV and V

I, II, III and V

I, II, III, IV and V

able to reduce their costs and gain competitive advantage via meeting their activities

will provide significant benefits to the managers while making decisions in production businesses

are businesses that use advanced technology in production processes and have
to follow technology closely

have to be higher than the cash outflows for producing the product cost.

may end up with the production of all the products, services or may have a breakdown

The Use of Cost Information in the Decisions of Outsourcing

The Use of Cost Information in Investment Decisions

The Use of Cost Information in the Decision of Ceasing or Breakdown of a Product

The Use of Cost Information While Accepting a Special Sales Price

The Use of Cost Information in Determining the Appropriate Product Mix

Relevant cost

Opportunity cost

Marginal cost

Differential cost

Unexpected cost

(Actual price + Budgeted price) x Actual quantity purchased

(Actual price - Budgeted price) x Actual quantity purchased

(Actual quantity - Budgeted quantity) x Budgeted price

(Actual quantity + Budgeted quantity) x Budgeted price

(Actual rate - Budgeted rate) x Actual labor hours worked

Classification According to the Level of Difficulty

Classification According to Updating Frequency

Classification According to Subject of Standard

Classification According to the Level of Participation to Standard Setting Proces

Classification According to the time of cost realization

Normal Costing Method

Variable Costing Method

Full Costing Method

Direct Costing Method

Throughput Costing Method

Long-term budgets

Master budgets

Operating budgets

Short-term budgets

Financial budgets

Normal cost

Standard cost

Actual cost

Estimated cost

Optimum cost

Variable Costing Method

Full Costing Method

Normal Costing Method

Direct Costing Method

Throughput Costing Method

Only I

Only III

I and II

II and III

I, II and III

Classification According to the Level of Difficulty

Classification According to Updating Frequency

Classification According to the Level of Participation to Standard Setting Process

Classification According to Market Concentration

Classification According to Subject of Standard

Cost assignment

Manufacturing overhead costs

Direct costs

Cost accumulation

Indirect costs

Direct materials inventory, work-inprocess inventory, finished goods inventory

Direct materials inventory, work-inprocess inventory, finished goods inventory and goods

Direct materials inventory and goods

Direct materials inventory and work-inprocess inventory

 Work-inprocess inventory and finished goods inventory

Relevance

Reliability

Comparability

Accountability

Understandability

Indirect costs

Direct material costs

Standard costs

Process costs

Actual costs

Choose and apply a method for allocating support department costs to operating departments.

Identify support and operating department cost pools.

Assign costs to cost pools.

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

Allocate support costs from the operating departments to units of goods or services.

Cost of goods sold is showed to the balance sheet. 

The finished products stand in the balance sheet until they are sold. 

When raw materials are used in production, their costs are transferred to the Work in Process inventory account as direct materials. 

Direct labor cost is added directly to Work in Process.

Raw materials purchases are recorded in the Raw Materials inventory account. 

Relevance

Comparability

Reliability

Quality

Understandability