Deneme Sınavı Soruları

At the start of the year, actual costs are calculated first to make predictions about actual values

At the end of the year, standard costs and actual costs are compared to adjust to actual values to be reflected in financial statements.

product cost is already known at the beginning of the year without any prior calculation 

costs of all manufacturing factors are based on the standards that are previously determined using scientific techniques and methods.

product cost is calculated at year-end by using the cost data that incurred during the year

İndustrial engineers, production personnel, labor union representatives and managerial accountants work together. 

The industrial engineering techniques such as time-motion studies and job samplingare used. 

During this process, opinions of experienced employees are used. 

The standard cost for direct materials has three facets as quality, quantity, and price.

İn this establishing standards is considered the transactions and qualifications
required for the work. 

Only I

Only II

I and III

II and III

I, II and III

Capital Budget

Cash Budget

Pro Forma Balance Sheet

Cost of Goods Sold Budget

Budgeted Statement of Cash Flows

Sunk cost

Cost-volume-profit analysis

Contribution

Net profit

Differential cost

Process costing

Activity-based costing

Job costing

Actual costing

Standard costing

Financial control

Favorable variance

Overhead costs

Flexible budget

Direct materials cost

Direct costing

Process costing

Normal costing

Job costing

Allocation rate

Many companies use materials usage ratios to evaluate the necessity of material purchases. 

It represents the relationship between the quantity used and the quantity purchased.

A low value of this ratio suggests that the company purchases direct materials for inventories. 

This ratio is used when it may be required to consider the price variance together with the amount of purchases, for performance evaluation purposes. 

This ratio is evaluated direct materials efficiency. 

represents the number of hours and corresponding costs of direct labor needed
for making the budgeted production

prefers to make lans by separately considering the variable and fixed overhead costs.

provides an important input for the preparation of both pro forma balance
sheet and cost of goods sold budget

is separated as variable and fixed overhead costs; whereas in others cost hierarchy is considered

is crucial for a company on the way to attaining the shortterm objectives

Throughput Costing Method

Variable Costing Method

Normal Costing Method

Full Costing Method

Direct Costing Method

Determination of unit cost

Providing expense control

Planning

Contributing special purpose decisions

Decreasing costs

500

1,800

2,200

3,900

4,200

Direct method

Reciprocal method

Step-down method

Single-rate method

Dual-rate method

FIFO method

LIFO metfod

HIFO

Specified method

Standard Method

Budgeted rate method.

Actual rate method.

Single rate method.

Dual rate method.

Different rate method.

Cost

Expense

Income

Loss

Revenue

Financial Accounting

Corporate Accounting

Government Accounting

Bank Accounting

Cost and Management Accounting

Overtime Premium 

Night/Shift Premium

Social Welfare Contributions

Specified Price

First-in-First-Out

Weighted Average Cost

Replacement Cost

Lowest-in-First-Out