[管理学]成本会计英文版模拟题.doc

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1、 DECISION MAKING AND RELEVANT INFORMATIONTRUE/FALSE1.A decision model is a formal method for making a choice, frequently involving both quantitative and qualitative analyses.Answer:TrueDifficulty:1Objective:12.Feedback from previous decisions uses historical information and, therefore, is irrelevant

2、 for making future predictions.Answer:FalseDifficulty:2Objective:1Historical costs may be helpful in making future predictions, but are not relevant costs for decision making.3.The amount paid to purchase tools last month is an example of a sunk cost.Answer:TrueDifficulty:2Objective:24.For decision

3、making, differential costs assist in choosing between alternatives.Answer:TrueDifficulty:1Objective:25.For a particular decision, differential revenues and differential costs are always relevant.Answer:TrueDifficulty:1Objective:26.A cost may be relevant for one decision, but not relevant for a diffe

4、rent decision.Answer:TrueDifficulty:2Objective:27.Revenues that remain the same for two alternatives being examined are relevant revenues.Answer:FalseDifficulty:1Objective:2Revenues that remain the same between two alternatives are irrelevant for that decision since they do not differ between altern

5、atives.8.Sunk costs are past costs that are unavoidable.Answer:TrueDifficulty:1Objective:29.Quantitative factors are always expressed in numerical terms.Answer:TrueDifficulty:2Objective:310.Qualitative factors are outcomes that are measured in numerical terms, such as the costs of direct labor.Answe

6、r:FalseDifficulty:1Objective:3Quantitative factors are outcomes that are measured in numerical terms, such as the costs of direct labor.11.If a manufacturer chooses to continue purchasing direct materials from a supplier because of the ongoing relationship that has developed over the years, the deci

7、sion is based on qualitative factors.Answer:TrueDifficulty:2Objective:312.Relevant revenues and relevant costs are the only information managers need to select among alternatives.Answer:FalseDifficulty:3Objective:3Qualitative factors, as well as relevant revenues and relevant costs need to be consid

8、ered when selecting among alternatives.13.Full costs of a product are relevant for one-time-only special order pricing decisions.Answer:FalseDifficulty:2Objective:3Incremental costs of a product are relevant for one-time-only special order pricing decisions.14.Full costs of a product include variabl

9、e costs, but not fixed costs.Answer:FalseDifficulty:1Objective:3Full costs of a product include variable and fixed costs for all business functions in the value chain.15.For one-time-only special orders, variable costs may be relevant but not fixed costs.Answer:TrueDifficulty:2Objective:316.The pric

10、e quoted for a one-time-only special order may be less than the price for a long-term customer.Answer:TrueDifficulty:2Objective:317.Bid prices and costs that are relevant for regular orders are the same costs that are relevant for one-time-only special orders. Answer:FalseDifficulty:2Objective:3Sinc

11、e long-term costs are relevant for regular orders and short-term costs are relevant for one-time-only special orders, the relevant costs differ.18.An incremental product cost is generally a fixed cost.Answer:FalseDifficulty:1Objective:4An incremental product cost is generally a variable cost.19.If O

12、ption 1 costs $100 and Option 2 costs $80, then the differential cost is $180.Answer:FalseDifficulty:1Objective:4If Option 1 costs $100 and Option 2 costs $80, then the differential cost is $20.20.Producing another 10,000 units may increase the fixed cost of rent.Answer:TrueDifficulty:3Objective:4Tr

13、ue, if additional capacity must be added to accommodate the additional production needs.21.Absorption cost per unit is the best product cost to use for one-time-only special order decisions.Answer:FalseDifficulty:2Objective:4Variable cost per unit is the best cost to use for one-time-only special or

14、der decisions.22.Sometimes qualitative factors are the most important factors in make-or-buy decisions.Answer:TrueDifficulty:2Objective:423.If a company is deciding whether to outsource a part, the reliability of the supplier is an important factor to consider.Answer:TrueDifficulty:2Objective:424.Ou

15、tsourcing is risk free to the manufacturer because the supplier now has the responsibility of producing the part.Answer:FalseDifficulty:2Objective:4Outsourcing has risks since the manufacturer is dependent on the supplier for a quality product, delivered in a timely manner, for a reasonable price.25

16、.When a firm maximizes profits it will simultaneously minimize opportunity costs.Answer:TrueDifficulty:3Objective:526.In a make-or-buy decision when there are alternative uses for capacity, the opportunity cost of idle capacity is relevant.Answer:TrueDifficulty:3Objective:527.When opportunity costs

17、exist, they are always relevant.Answer:TrueDifficulty:3Objective:528.When capacity is constrained, relevant costs equal incremental costs plus opportunity costs.Answer:TrueDifficulty:2Objective:529.If the $17,000 spent to purchase inventory could be invested and earn interest of $1,000, then the opp

18、ortunity cost of holding inventory is $17,000.Answer:FalseDifficulty:2Objective:5The opportunity cost of holding inventory is $1,000.30.The choice is not really whether to make or buy, but rather how to best utilize available production capacity.Answer:TrueDifficulty:1Objective:531.For short-run pro

19、duct-mix decisions, managers should focus on minimizing total fixed costs. Answer:FalseDifficulty:2Objective:6For short-run product mix decisions, managers should focus on maximizing total contribution margin. 32.For short-run product-mix decisions, maximizing contribution margin will also result in

20、 maximizing operating income.Answer:TrueDifficulty:2Objective:633.Regardless of the restraining resource, to maximize profits managers should produce more of the product with the greatest contribution margin per unit.Answer:FalseDifficulty:2Objective:6To maximize profits, managers should produce mor

21、e of the product with the greatest contribution margin per unit of the constraining resource.34.Management should focus on per unit costs when deciding whether to discontinue a product or not.Answer:FalseDifficulty:2Objective:7Management should focus on total costs when deciding whether to discontin

22、ue a product or not.35.Avoidable variable and fixed costs should be evaluated when deciding whether to discontinue a product, product line, business segment, or customer.Answer:TrueDifficulty:2Objective:736.Depreciation allocated to a product line is a relevant cost when deciding to discontinue that

23、 product.Answer:FalseDifficulty:2Objective:7Depreciation is a sunk cost and never relevant.37.A company is considering adding a fourth product to use available capacity. A relevant factor to consider is that corporate costs can now be allocated over four products rather than only three.Answer:FalseD

24、ifficulty:3Objective:7It appears that corporate costs will not change in total, and therefore are not relevant costs for deciding whether to add a fourth product.38.When replacing an old machine with a new machine, the purchase price of the new machine is a relevant cost.Answer:TrueDifficulty:1Objec

25、tive:839.When replacing an old machine with a new machine, the book value of the old machine is a relevant cost.Answer:FalseDifficulty:1Objective:8The original price of the old machine is a past cost and therefore an irrelevant cost.40.Replacing an old machine will increase operating income in the l

26、ong run, but not for this year. A manager may choose not to replace the machine if performance evaluations are based on performance over a single year.Answer:TrueDifficulty:2Objective:941.Linear programming is a tool that maximizes total contribution margin of a mix of products with multiple constra

27、ints.Answer:TrueDifficulty:1Objective:AMULTIPLE CHOICE42.Feedback regarding previous actions may affecta.future predictions.b.implementation of the decision.c.the decision model.d.all of the above.Answer:dDifficulty:2Objective:143.Place the following steps from the five-step decision process in orde

28、r:A = Make predictions about future costsB = Evaluate performance to provide feedbackC = Implement the decisionD = Choose an alternativea.D C A Bb.C D A Bc.A D C Bd.D C B AAnswer:cDifficulty:2Objective:144.The formal process of choosing between alternatives is known asa.a relevant model.b.a decision

29、 model.c.an alternative model.d.a prediction model.Answer:bDifficulty:1Objective:145.Ruggles Circuit Company manufactures circuit boards for other firms. Management is attempting to search for ways to reduce manufacturing labor costs and has received a proposal from a consulting company to rearrange

30、 the production floor next year. Using the information below regarding current operations and the new proposal, which of the following decisions should management accept?CurrentlyProposedRequired machine operators54.5Materials-handling workers1.251.25Employee average pay$8 per hour$9 per hourHours w

31、orked per employee2,1002,000a.Do not change the production floor.b.Rearrange the production floor.c.Either, because it makes no difference to the employees.d.It doesnt matter because the costs incurred will remain the same.Answer:bDifficulty:2Objective:1Current operations: 5 workers x 2,100 hours x

32、$8.00 = $84,000Proposal: 4.5 workers x 2,000 hours x $9.00 = $81,000THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 46 AND 47.LeBlanc Lighting manufactures small flashlights and is considering raising the price by 50 cents a unit for the coming year. With a 50-cent price increase, demand is expected

33、to fall by 3,000 units.CurrentlyProjectedDemand 20,000 units17,000 unitsSelling price$4.50$5.00Incremental cost per unit$3.00$3.0046.If the price increase is implemented, operating profit is projected toa.increase by $4,000.b.decrease by $4,000.c.increase by $6,000.d.decrease by $4,500.Answer:aDiffi

34、culty:2Objective:117,000 x ($5 - $3) 20,000 x ($4.50 - $3.00) = increase of $4,00047.Would you recommend the 50-cent price increase?a.No, because demand decreased.b.No, because the selling price increases.cYes, because contribution margin per unit increases.d.Yes, because operating profits increase.

35、Answer:dDifficulty:2Objective:148.For decision making, a listing of the relevant costs a.will help the decision maker concentrate on the pertinent data.b.will only include future costs.c.will only include costs that differ among alternatives.d.should include all of the above.Answer:dDifficulty:2Obje

36、ctive:249.Sunk costs a.are relevant.b.are differential.c.have future implications.d.are ignored when evaluating alternatives.Answer:dDifficulty:1Objective:250.A computer system installed last year is an example ofa.a sunk cost.b.a relevant cost.c.a differential cost.d.an avoidable cost.Answer:aDiffi

37、culty:1Objective:251.Costs that CANNOT be changed by any decision made now or in the future area.fixed costs.b.indirect costs.c.avoidable costs.d.sunk costs.Answer:dDifficulty:1Objective:252.In evaluating different alternatives, it is useful to concentrate ona.variable costs.b.fixed costs.c.total co

38、sts.d.relevant costs.Answer:dDifficulty:1Objective:253.Which of the following costs always differ among future alternatives?a.Fixed costsb.Historical costsc.Relevant costsd.Variable costsAnswer:cDifficulty:1Objective:254.Which of the following costs are never relevant in the decision-making process?

39、a.Fixed costsb.Historical costsc.Relevant costsd.Variable costsAnswer:bDifficulty:1Objective:2THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 55 AND 56.Jims 5-year-old Geo Prizm requires repairs estimated at $3,000 to make it roadworthy again. His friend, Julie, suggested that he should buy a 5-year-

40、old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars:Geo PrizmHonda CivicAcquisition cost$15,000$3,000Repairs$ 3,000-Annual operating costs (Gas, maintenance, insurance)$ 2,280$2,10055.The cost NOT relevant for this decision is(are)a.the acquisition cost

41、 of the Geo Prizm.b.the acquisition cost of the Honda Civic.c.the repairs to the Geo Prizm.d.the annual operating costs of the Honda Civic.Answer:aDifficulty:2Objective:256.What should Jim do? What are his savings in the first year?a.Buy the Honda Civic; $9,780b.Fix the Geo Prizm; $5,518c.Buy the Ho

42、nda Civic; $180d.Fix the Geo Prizm; $5,280Answer:cDifficulty:2Objective:2Geo ($3,000 + $2,280) - Honda ($3,000 + $2,100) = $180 cost savings with the Honda option57.Quantitative factorsa.include financial information, but not nonfinancial information.b.can be expressed in monetary terms.c.are always

43、 relevant when making decisions.d.include employee morale.Answer:bDifficulty:2Objective:358.Qualitative factorsa.generally are easily measured in quantitative terms.b.are generally irrelevant for decision making.c.may include either financial or nonfinancial information.d.include customer satisfacti

44、on.Answer:dDifficulty:2Objective:359.Historical costs are helpfula.for making future predictions.b.for decision making.c.because they are quantitative.d.with none of the above.Answer:aDifficulty:2Objective:360.When making decisionsa.quantitative factors are the most important.b.qualitative factors a

45、re the most important.c.appropriate weight must be given to both quantitative and qualitative factors.d.both quantitative and qualitative factors are unimportant.Answer:cDifficulty:2Objective:361.Employee morale at Dos Santos, Inc., is very high. This type of information is known asa.a qualitative factor.b.a quantitative factor.c.a nonmeasurable factor.d.a financial