Cost Accounting 15th Edition By Charles T. Horngren - Test Bank.docx
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Sample Questions
Cost Accounting, 15e (Horngren/Datar/Rajan)
Chapter 4 Job Costing
Objective 4.1
1) Job costing information is used ________.
1. A) to determine t...
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Sample Questions
Cost Accounting, 15e (Horngren/Datar/Rajan)
Chapter 4 Job Costing
Objective 4.1
1) Job costing information is used ________.
1. A) to determine target customers
2. B) to calculate the percentage of completion
3. C) for internal financial reporting
4. D) to enhance public relations
Answer: C
Diff: 1
Objective: 1
, AACSB: Analytical thinking
2) Product costing information will include ________.
1. A) to increase profits
2. B) to increase sales and image of the company
3. C) for cost management
4. D) for efficient human resource management
Answer: C
Diff: 1
Objective: 1
AACSB: Analytical thinking
3) A ________ is a grouping of individual indirect cost items.
1. A) cost allocation base
2. B) cost assignment
3. C) cost pool
4. D) job-costing system
Answer: C
Diff: 1
Objective: 1
AACSB: Analytical thinking
4) Each indirect-cost pool of a manufacturing firm ________.
1. A) utilizes a separate cost-allocation rate
2. B) is a subset of total direct costs
3. C) relates to multiple cost centres
4. D) utilizes the same cost-allocation rate for all costs incurred
Answer: A
Diff: 1
Objective: 1
AACSB: Analytical thinking
, 5) Direct costs ________.
1. A) are anything for which a measurement of costs is desired
2. B) are costs related to a particular cost object that can be traced to that cost object in a cost-
effective manner
3. C) focus specifically on the costing needs of the CFO
4. D) are costs related to a particular cost object that cannot be traced to that cost object in a
cost-effective manner
Answer: B
Diff: 2
Objective: 1
AACSB: Analytical thinking
6) In a costing system, ________.
1. A) cost tracing allocates indirect costs
2. B) cost allocation assigns direct costs
3. C) a cost-allocation base can be either financial or nonfinancial
4. D) a cost object should be a product and not a department or a geographic territory
Answer: C
Diff: 2
Objective: 1
AACSB: Analytical thinking
7) Assigning direct costs to a cost object is called ________.
1. A) cost allocation
2. B) cost assignment
3. C) cost pooling
4. D) cost tracing
Answer: D
Diff: 1
Objective: 1
AACSB: Analytical thinking
, 8) ________ is the process of distributing indirect costs to products.
1. A) Cost allocation
2. B) Job cost recording
3. C) Cost pooling
4. D) Cost tracing
Answer: A
Diff: 1
Objective: 1
AACSB: Analytical thinking
9) A ________ links an indirect cost to a cost object.
1. A) cost-allocation base
2. B) cost pool
3. C) cost assignment
4. D) cost tracing
Answer: A
Diff: 1
Objective: 1
AACSB: Analytical thinking
10) Which of the following includes both traced direct costs and allocated indirect costs?
1. A) cost tracing
2. B) cost pools
3. C) cost assignments
4. D) cost allocations
Answer: C
Diff: 1
Objective: 1
AACSB: Analytical thinking
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