Cornerstones of Cost Management 4th Edition Don R Hansen Maryanne M Mowen- Test Bank
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Sample Test
Chapter 3
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1. Costs can display
variable, fixed, or mixed behavior, and it important that they are classified
accurately.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
TOPICS:
Bloom’s – Remembering
KEYWORDS:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:27 AM
DATE MODIFIED:
10/7/2016 9:27 AM
QUESTION ID:
JFND-GO33-GINW-NTNG
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GH3U-C3J3-8BUD-QQB1-GASU-YAUB-8YSS-ECTS-GOSS-K3B1-GRSU-ECJO-COAD-KP33-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
2. A cost that does
not change as output changes is a variable cost, and one that changes is a
fixed cost.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:27 AM
DATE MODIFIED:
10/7/2016 9:27 AM
QUESTION ID:
JFND-GO33-GINW-NTNF
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GBOS-NP33-GCAD-K3UB-GOSU-GPJW-CRSS-C3JZ-GOSU-G3MN-GHSU-OAUN-GA5U-RAMF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
Chapter 3
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3. A cost object is
the item for which managers want cost information, so the first step is to
determine appropriate cost objects.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:27 AM
DATE MODIFIED:
10/7/2016 9:27 AM
QUESTION ID:
JFND-GO33-GINW-NTNR
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-GFTG-CP3T-8B1D-NP5B-GWSU-KAT3-CRSU-EATT-GOSU-CP3A-GESS-CCDR-GCAD-RPTO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
4. Fixed costs are
costs that, in total, are constant within the relevant range as the level of
the associated driver varies.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:27 AM
DATE MODIFIED:
10/7/2016 9:27 AM
QUESTION ID:
JFND-GO33-GINW-NTND
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-CEHU-QCMD-CA3U-RPUD-CASS-RA3W-8YSS-RQJZ-GOSS-KPDB-GESU-YP3O-CJOU-QQDN-E7JI-YT4D-JFNN-
Chapter 3
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4OTI-GO4W-NQNBEE
5. Variable costs are
defined as costs that, in total, are constant regardless of change in an
activity driver.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:27 AM
DATE MODIFIED:
10/7/2016 9:27 AM
QUESTION ID:
JFND-GO33-GINW-NTBU
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-GAAS-EATA-GTOU-Q3TZ-GOSS-EP3S-CESU-Y3DR-GOSS-CPUG-GWSS-NCBA-CO3S-RCBZ-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
6. Mixed costs are
costs that have both a fixed and a variable component.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:27 AM
DATE MODIFIED:
10/7/2016 9:27 AM
QUESTION ID:
JFND-GO33-GINW-NTB1
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-8BUD-CQJS-GW3D-YA5N-
Chapter 3
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GHSS-K3DR-CRSU-YP33-GOSU-OQDD-GASS-KPTT-GJ1D-OP3T-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
7. Resources, such as
direct materials, direct labor, electricity, equipment, and so on, are economic
elements that enable one to perform activities.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-06 – BB-Resource Management United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NTBT
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CO3S-RCTO-CPTS-GAMN-CESU-OPMF-8YSU-NQJ1-GOSU-YCJZ-CASS-C3UD-CC5S-KQMN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
8. The level of
activity performance where the amount of activity capacity needed corresponds
to the level of efficiency required is called the activity capacity.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-06 – BB-Resource Management United States – v1 – IMA-11 – Strategic Planning
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
Chapter 3
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QUESTION ID:
JFND-GO33-GINW-NTBO
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-CWHD-KPBT-GA4S-CAJZ-CRSS-GQBO-8RSU-YCMR-GOSU-1PJZ-CCSU-YATW-CA3D-NPJT-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
9. Resources are
categorized as flexible, which are supplied as needed, and committed, which are
supplied in advance of usage.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-06 – BB-Resource Management United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NTBZ
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-GH4D-EATO-GAAD-N3TU-8RSS-EC5N-CESU-QPMG-GOSU-OAJW-CCSU-GPB3-GP1U-CPMB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
10. Activity-based use
of resources can improve both managerial control and decision making because it
encourages managers to pay more attention to controlling resource usage and
spending.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-06 – BB-Resource Management United States – v1 – IMA-11 – Strategic
Planning
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
Chapter 3
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Learning. Powered by Cognero. Page 6
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NTBS
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GEHU-KP5B-GYHS-RC5N-COSS-GATU-CRSU-Y3UN-GOSS-GATT-CESU-C3BI-GF1S-EPDN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
11. Methods of
estimating costs used by companies include the industrial engineering method,
the account analysis method, and the instant decision method.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-3 – LO:
03.03
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NTBI
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GO3S-NCDD-GPUD-RCBS-8RSU-YQJA-8RSU-YQMB-GOSS-CAMR-8YSU-NPTZ-GY5G-GATU-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
12. The industrial
engineering method is used to determine which activities, and in what amounts,
are necessary to complete a process.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-3 – LO:
03.03
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
Chapter 3
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KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NTBW
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GW3U-OC3U-CEAD-OQJW-8RSU-CCJ1-8YSU-NC5F-GOSU-EQMN-CWSU-CP5N-C31D-GCUR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
13. The account
analysis method can be used to estimate costs by classifying accounts in the
general ledger as variable.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-3 – LO:
03.03
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC1N
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-8Y4D-CA3I-GE5D-NA3S-8RSU-QCJS-CESU-KA3Z-GOSU-CPT1-GRSU-YC5F-G3TG-NAJS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
14. The three widely
used quantitative methods of separating a mixed cost into its fixed and
variable components are the high-low method, the scatter plot method, and the
method of least squares.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs
Chapter 3
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United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC1B
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-GP1D-OPTS-CA5S-CPBU-GHSU-CPJT-8YSU-EA5F-GOSU-RCJS-CASU-C3T1-CTTU-RQJ3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
15. The high-low
method preselects the two points that are used to compute the parameters F and
X in the expression Y = F + VX
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods United States
– v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCT3
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GE5D-1AUN-CA5U-EA5D-COSS-KA3W-CESU-13DR-GOSU-CPTA-GHSU-RA5F-GTUD-1A3A-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
16. The plot of data
points showing the relationship between materials handling costs and activity
output is called a scattergraph.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
Chapter 3
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Learning. Powered by Cognero. Page 9
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods United States
– v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTA
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJI-CIUD-RQJU-GTOU-Y3DF-CWSS-KCUN-CRSU-YAUD-GOSU-OPTS-8YSU-EPUG-GPUD-YQBO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
17. In the method of
least squares, each single measure of closeness is first squared. Squaring the
deviations avoids problems caused by a mix of positive and negative numbers.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods United States
– v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC1G
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CO3U-1C3O-CA4G-CPTS-COSU-Y3TU-CESU-G3B1-GOSS-KCJI-CASU-ECJU-COHU-RQJ3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
18. A feature of
regression routines, not provided by the scatter plot of high-low methods, is
to provide information to and in the assessment of reliability of the estimated
costs formula.
a.
True
b.
False
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ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-5 – LO:
03.05
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC1F
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-8FTD-CQBT-8R4D-K3TZ-GRSU-K3MN-8YSU-KAUB-GOSU-KCUR-CESU-NCTW-CPTD-GQMB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
19. The percentage of
variability in the dependent variable explained by an independent variable
(i.e. measure of activity output) is called the coefficient of correlation.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-5 – LO:
03.05
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC1R
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJS-GE4G-RPUN-C31S-KAJA-GWSS-RPJA-8YSU-OPBA-GOSS-CA3U-CASU-RCTS-GFOS-EQMR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
20. An alternative
measure of goodness of fit is the coefficient of determination.
Chapter 3
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a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-5 – LO:
03.05
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC1D
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-GH4U-KQBU-GO3S-KCT1-GESS-NPTW-8YSS-CCB1-GOSS-N3B3-CRSU-KCJO-CC5U-13BS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
21. Finding a strong
statistical association between an activity cost and an activity driver can
provide evidence to managers about the correctness of a driver selection.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-5 – LO:
03.05
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTU
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-G71G-G3DD-CCHU-GCBT-
Chapter 3
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CCSU-QCUR-8YSS-NCTO-GOSU-RATA-CASU-GCUG-GR5D-RCTS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
22. Whenever least
squares is used to fit an equation involving two or more independent variables,
the method is called multiple regression.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-6 – LO:
03.06
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCT1
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJI-8R3U-Y3JZ-8R5D-QPB1-GOSU-O3DD-8RSS-C3UF-GOSU-OQDD-GESS-CCTZ-CJOS-RPTU-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
23. When Multiple
regression is used, the user has a choice of using manual computation or using
regression programs.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-6 – LO:
03.06
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 13
QUESTION ID:
JFND-GO33-GINW-NCTT
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-CR5G-KQDD-CW4U-GQMG-GWSU-OAJ3-8RSU-E3TI-GOSU-ECUN-CASU-K3BT-CF1S-NCMG-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
24. Multiple
regression is a dependable tool for identifying the behavior of activity costs.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-6 – LO:
03.06
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTO
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-CEAS-RQMF-GR3U-1PMF-GASU-CAJO-8RSU-1CBZ-GOSU-QPUF-CESU-1CBW-CC5D-YP3W-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
25. Multiple
regression can be useful to assess cost behavior when dependent variable is
affected by only one independent variable.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-6 – LO:
03.06
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 14
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTZ
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-GY5G-KQJS-GHAS-NP5G-GWSU-YQMF-8RSU-QCT3-GOSS-KCTI-GCSU-ECMR-GH5U-KAMF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
26. A number of cost
behavior patterns do not follow a linear pattern, instead, they follow a
nonlinear cost curve called the learning curve.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-7 – LO:
03.07
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTS
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJO-CC3G-CPTI-CCAU-KQDR-GASU-RP3U-8RSU-CQBZ-GOSS-GQDG-COSU-Q3MG-CR3S-C3BT-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
27. Managers agree
that the ideas behind the learning curve can extend to the service industry
only.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-7 – LO:
03.07
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement
Chapter 3
Copyright Cengage
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United States – v1 –
IMA-04 – Quantitative Methods
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTI
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GO5U-1CJT-CWAU-GA5G-8YSS-KCBU-8RSU-1CJU-GOSU-EAUR-GOSS-G3DG-GEAG-RCT1-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
28. The basis of the
learning curve is that as we perform an action over and over, we improve, and
each additional performance takes less time than the preceding ones.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-7 – LO:
03.07
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NCTW
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJO-CCHD-NCB1-8RHS-EQDD-CCSU-CCDB-8YSU-O3DG-GOSU-NC3U-GHSS-E3JZ-CR5S-RAJ3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
29. The experience
curve relates cost to increased efficiency, such that the more a task is
performed, the lower the cost of doing will be.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-7 – LO:
03.07
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 16
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC4N
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJA-GB1S-KCUD-G31D-NPJ3-CCSU-OPMN-CESU-RQBU-GOSS-GA33-GCSU-GP5F-GRHD-GA3U-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
30. The cumulative
average-time learning curve model states that the cumulative average time per
unit increases by a constant percentage.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-7 – LO:
03.07
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC4B
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-8B1U-NCMN-GBTD-R3TW-GYSU-N3UG-8YSU-KP3Z-GOSU-NQJA-CRSS-GCJS-8R3U-KC5N-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
31. The most widely
used method to determine cost behavior is managerial judgement.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 17
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-8 – LO:
03.08
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC33
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-CW4G-RQBI-GYHG-CCBT-GCSU-KQBS-CRSU-1CTZ-GOSU-1QJ3-CCSU-1CJU-CC4U-GCBS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
32. Managerial
judgement includes the possibility of mixed costs.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-8 – LO:
03.08
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC3A
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-8BTD-GQJI-8BTG-EA3S-COSU-GAT1-8RSS-KCBO-GOSS-K3JW-8RSS-G3MF-CEHU-1PDF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
33. Before opting to
use managerial judgment, management should make sure that each cost is
predominantly fixed or variable.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 18
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-8 – LO:
03.08
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/3/2017 11:43 PM
QUESTION ID:
JFND-GO33-GINW-NC4G
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMB-GO4S-EA3A-GFTD-1CBT-GYSU-GP5N-8RSU-QPUN-GOSU-ECBA-CCSS-CCT3-8B1S-GPJS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
34. Based on
managerial judgement, the best predictor of manufacturing costs is the units
available.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-8 – LO:
03.08
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC4F
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-8R5G-CAJT-CITS-GA3S-GESS-RPT1-8RSS-NPJ1-GOSU-RAUN-GESS-EQMN-GFOU-OC3S-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
35. If a company
changes from skilled labor to robots, the previous data are of little value in
predicting future costs.
a.
True
b.
False
ANSWER:
True
POINTS:
1
Chapter 3
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DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-8 – LO:
03.08
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC4R
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMF-CTOU-KC5G-CR5S-KPJI-GWSU-K3DF-CESU-KCDD-GOSS-K3MG-8YSS-RAMB-C3TG-GA3W-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
36. _________ explain
changes in costs as units produced change.
ANSWER:
Unit level drivers
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 9:58 AM
QUESTION ID:
JFND-GO33-GINW-NC4D
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJZ-8FTD-KPJI-GC4U-1CBT-GHSU-GATA-8YSU-K3MG-GOSS-KP5D-GASU-NA3A-G3UG-CCJA-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
37. __________ explain
changes in cost factors other than changes in units produced.
ANSWER:
Non-unit-based costs
drivers
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 20
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
10/7/2016 9:28 AM
QUESTION ID:
JFND-GO33-GINW-NC3U
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ1-CR3D-NAJZ-GHAG-KC3A-COSS-ECDD-8YSU-CPJA-GOSU-YATO-CESS-CQJA-GE3U-KATT-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
38. _________ analysis
focuses on how costs react to changes in activity levels.
ANSWER:
Cost behavior
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 9:59 AM
QUESTION ID:
JFND-GO33-GINW-NC31
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJT-8RAS-R3TT-CA4D-K3MG-8RSU-YC5R-CESU-KQB3-GOSS-GCBT-GESU-1P5D-C31G-NCT1-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
39. _________ are
assumed to be the sole drivers of a traditional cost management system.
ANSWER:
Unit based cost
drivers
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-1 – LO:
03.01
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement
Chapter 3
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United States – v1 –
IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:00 AM
QUESTION ID:
JFND-GO33-GINW-NC3T
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GRAD-QATW-CE3G-KAT1-CESS-NCDF-CESU-1QMR-GOSS-RPUR-GYSS-KPJU-GT1D-1C3U-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
40. _________ result
when organizations acquire many multiperiod service capacities by paying cash
up front.
ANSWER:
Committed fixed
expenses
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:01 AM
QUESTION ID:
JFND-GO33-GINW-NC3O
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GHAG-CA5F-8R4U-13J3-GASU-CQDB-8RSU-NC3S-GOSS-ECTA-CRSU-G3DR-GC3S-KPB3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
41. _________ are
those acquired from outside sources where the terms of acquisition do not
require any long-term commitments.
ANSWER:
Flexible resources
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-06 – BB-Resource Management United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 22
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:05 AM
QUESTION ID:
JFND-GO33-GINW-NC3Z
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJ3-GITD-GQMN-8B1G-NA3S-GWSS-KATO-CRSU-OQDB-GOSU-OAJZ-CWSU-QA3I-GA4S-CCMF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
42. _________ are
costs incurred that provide long-term activity capacity.
ANSWER:
Committed resources
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-06 – BB-Resource Management United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:06 AM
QUESTION ID:
JFND-GO33-GINW-NC3S
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GBTS-C3BW-GR3G-G3MG-GESU-1CB1-CRSU-R3JW-GOSU-QQDG-GWSS-RPUN-8R5S-RQDB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
43. A _________
function displays a constant level of cost for a range of output and then jumps
to a higher level.
ANSWER:
step-cost
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:07 AM
QUESTION ID:
JFND-GO33-GINW-NC3I
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 23
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJZ-8FTG-KCMR-CR3U-O3MN-COSS-NPB3-8YSU-KPDN-GOSU-NATT-GYSS-CPB3-GHHS-CATW-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
44. Costs that follow
a step-cost behavior are defined as _________ costs.
ANSWER:
step-fixed
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-2 – LO:
03.02
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:08 AM
QUESTION ID:
JFND-GO33-GINW-NC3W
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-GHHG-C3DR-GJTS-GCB1-GCSU-EQBO-CRSU-YAMG-GOSU-OCBO-GCSU-CCDB-GEHS-NPMG-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
45. The _________
analysis method is a method of determining cost behavior.
ANSWER:
account
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-3 – LO:
03.03
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:08 AM
QUESTION ID:
JFND-GO33-GINW-NCNN
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-CC3U-G3BW-GYHU-YQBA-CASS-CCMF-CESU-RC5R-GOSU-KCTZ-GOSS-NPJA-GBTU-N3JA-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 24
46. The _________
method may be used to determine the activities and amounts for cost behavior.
ANSWER:
industrial engineering
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-3 – LO:
03.03
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:09 AM
QUESTION ID:
JFND-GO33-GINW-NCNB
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GY3D-QCJU-GAHU-1CJ3-GCSU-OQJW-8YSS-EAMG-GOSU-E3JA-8RSU-G3JO-GC5U-CPUN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
47. _________ and
_________ studies may be used in conjunction with the industrial engineering
method.
ANSWER:
Time; motion
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-3 – LO:
03.03
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-27 – Managerial Accounting Features/Costs United States – v1 –
AICPA-10 – FN-Measurement United States – v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:12 AM
QUESTION ID:
JFND-GO33-GINW-NCB3
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GJOS-KP3I-GBTD-QQMG-CCSU-QQJW-8RSU-KPBS-GOSS-E3JZ-8RSS-GPUG-CEHU-GATT-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
48. The three quantitative
methods of separating a mixed cost into its fixed and variable components are:
the high-low method, the scatter plot method and the method of _________.
ANSWER:
least squares
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 25
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:13 AM
QUESTION ID:
JFND-GO33-GINW-NCBA
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJU-GB1G-KPJU-CW4S-G3T1-GHSU-O3BI-8RSU-RPJS-GOSU-NCB3-CWSU-KPUR-GW5U-YQJ3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
49. The method of
least squares requires a _________ in order to be utilized.
ANSWER:
regression
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States – BUSPROG
– Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods
KEYWORDS:
Bloom’s –
Understanding
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:13 AM
QUESTION ID:
JFND-GO33-GINW-NCNG
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMR-8Y4U-YQBT-GC4D-RCTU-GASU-YPJ1-8YSU-C3JI-GOSS-GP33-CRSU-YCTU-COAU-KP5G-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
50. The Y in the
equation Y = F + VX represents the _________, the dependent variable
ANSWER:
total cost
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 26
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods United States
– v1 – IMA-07 – Cost Management
TOPICS:
Bloom’s – Remembering
KEYWORDS:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:14 AM
QUESTION ID:
JFND-GO33-GINW-NCNF
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMG-CAAD-KPBW-GBTD-NPMN-GWSU-CA31-CRSU-NAJI-GOSU-EQB1-8RSU-EQDD-GY4U-GCMG-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
51. The _________
parameter is the point at which the mixed cost line intercepts the cost
(vertical) axis.
ANSWER:
intercept
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods United States
– v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:15 AM
QUESTION ID:
JFND-GO33-GINW-NCNR
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMMD-GAAS-NPTS-CI1U-CP5D-CWSU-GPDR-8YSU-QPMF-GOSU-NAUN-GYSU-NQDF-GAHS-G3UR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
52. The graph showing
the relationship between activity costs and drivers/outputs is called the
_________.
ANSWER:
scattergraph
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-4 – LO:
03.04
Chapter 3
Copyright Cengage
Learning. Powered by Cognero. Page 27
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
United States – v1 –
ACBSP-APC-28 – Variable and Fixed Costs United States – v1 – AICPA-10 –
FN-Measurement United States – v1 – IMA-04 – Quantitative Methods United States
– v1 – IMA-07 – Cost Management
KEYWORDS:
Bloom’s – Remembering
NOTES:
Time Estimate – 5 min.
DATE CREATED:
10/7/2016 9:28 AM
DATE MODIFIED:
1/23/2017 10:16 AM
QUESTION ID:
JFND-GO33-GINW-NCND
QUESTION GLOBAL ID:
GCID-E7BW-1TBP-8RAD-NQBS-GHAD-O3TZ-GAH1-4QJZ-COH1-4QDD-CO4N-4AJS-GFT1-4QBI-G31G-EQMF-G7DI-GWN8-EPRW-EMJW-GO4G-ECBT-CJUD-KPJA-COSU-KQJZ-CESS-NPTW-GOSU-YA5G-GRSS-EPUD-GH5D-NCBO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
53. The hypothesis
test of cost parameters indicates whether the parameters are different from
_________.
ANSWER:
zero
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Completion
HAS VARIABLES:
False
LEARNING OBJECTIVES:
COCM.HANS.18.3-5 – LO:
03.05
NATIONAL STANDARDS:
United States –
BUSPROG – Analytic
STATE STANDARDS:
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