Ünite Sınavı Soruları

Which one of the following is the name given to a costing system that broadly averages or spreads the cost of resources uniformly to cost objects?

.......................................d, which is also called as super variable costing, does not have widespread use in practice. Under this method, only the direct material cost is the product cost, while all other manufacturing related expenditures are considered as period expenses to be reported in the income statement.

Which of the following should come to the dotted place according to the whole sentence?

"Equivalent unit....................................."

Which of the following is true about equivalent unit?

There are different types costing methods by the scope of product
cost coverage .

Which one is not one of them?

...................................method, product cost is calculated at year-end by using the cost data that incurred during the year. In order to calculate the product cost, it is necessary that the production is completed and all related expenditures have incurred. 

Which of the following should come to the dotted place according to the whole sentence?

To calculate the unit cost, there is a five-step procedure of process costing.

Which one is not one of them ?

... represents the amount of overhead cost allocated to jobs whenever a unit of allocation base is used/spent during the accounting period.

Which one of the following fills the blank correctly?

In which costing method, does product cost cover all direct costs and all indirect costs, irrespective of whether these factors are really used in production at full capacity or not?

Under which method, only the direct material cost is the product cost, while all other manufacturing related expenditures are considered as period expenses to be reported in the income statement?

Which of the following takes place in the costing methods by the scope of product cost?

1. All fixed costs are considered as period expenses.
2. Fixed costs would still exist even if there were no production and this makes those factors irrelevant for calculating the manufacturing cost.
3. Variable non-manufacturing costs are excluded despite their variable nature.

Which costing method by scope is defined above?

In which costing method costs of indirect manufacturing factors are allocated to products depending on the utilization rates of these factors?

Which of the following is one of the main costing systems?

Which costing method is also called as " super variable costing"?

In which method expenditures for all manufacturing related factors are included in the product cost?

In which method product cost is calculated at year-end by using the cost data that incurred during the year?

Which of the following is a costing method by costing approach?

In.............................................costs of all manufacturing factors (direct materials, direct labor and manufacturing overhead) are based on the standards that are previously determined using scientific techniques and methods. Thus, product cost is already known at the beginning of the year. At the end of the year, standard costs and actual costs are compared and, if necessary, the standard costs are adjusted to actual
values to be reflected in financial statements. 

Which of the following should come to the dotted place according to the whole sentence?

In which costing method, product cost covers all direct costs and all indirect costs, irrespective of whether these factors are really used in production at full capacity or not?

... also suggests covering all manufacturing factors as product cost in parallel to the full costing method; however, in this method costs of indirect manufacturing factors are allocated to products depending on the utilization rates of these factors.

Which one of the following fills the blank correctly?