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Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verified Latest Edition $16.29   Add to cart

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Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verified Latest Edition

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  • Fundamentals Of Cost Accounting 7th Edition, Lanen

Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verified Latest Edition Test Bank for Fundamentals of Cost Accounting, 7th Edition by (Lanen/ Anderson/ Maher), ISBN: 9781264100842, All 18 Chapters Covered, Verifie...

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  • October 28, 2024
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  • Fundamentals of Cost Accounting 7th Edition, Lanen
  • Fundamentals of Cost Accounting 7th Edition, Lanen
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TEST BANK
Fundamentals of Cost Accounting, 7th Edition
by Lanen & Maher Chapters 1 - 18




Versionl1 1

,TABLE OF CONTENTS
l l l




INTRODUCTIONlANDlOVERVIEW
ChapterlOne:lCostlAccounting:lInformationlforlDecisionlMaking
ChapterlTwo:lCostlConceptslandlBehavior


COSTlANALYSISlANDlESTIMATION
ChapterlThree:lFundamentalsloflCost-Volume-ProfitlAnalysis
ChapterlFour:lFundamentalsloflCostlAnalysislforlDecisionlMaking
ChapterlFive:lCostlEstimation


COSTlMANAGEMENTlSYSTEMS
ChapterlSix:lFundamentalsloflProductlandlServicelCosting
ChapterlSeven:lJoblCosting
ChapterlEight:lProcesslCosting
ChapterlNine:lActivity-BasedlCosting
ChapterlTen:lFundamentalsloflCostlManagement
ChapterlEleven:lServicelDepartmentlandlJointlCostlAllocation


MANAGEMENTlCONTROLlSYSTEMS
ChapterlTwelve:lFundamentalsloflManagementlControllSystems
ChapterlThirteen:lPlanninglandlBudgeting
ChapterlFourteen:lBusinesslUnitlPerformancelMeasurement
ChapterlFifteen:lTransferlPricing
ChapterlSixteen:lFundamentalsloflVariancelAnalysis
ChapterlSeventeen:lAdditionallTopicslinlVariancelAnalysis
ChapterlEighteen:lPerformancelMeasurementltolSupportlBusinesslStrategy l




Versionl1 2

,Chapterl01l7
el



Answers at the end of each chapter
l l l l l l




1) CarleylIncorporatedlincurslmanyltypesloflcostslinlitsloperations.lPlacelthelnumberlofl
thelappropriatelstagelinlthelvaluelchainlinlColumnl2linlthelblanklnextltoleachlcostlinlColumnl
1.
Cost StagelinlthelValuelChain

Transportationlcostsltolshiplvansltolcustomers 1. CustomerlService
Laborlcostslforlfactorylworkers 2.lDistribution

Overtimelcostslforlscientistslworkinglonlnewlengine 3. Researchl&lD
ltechnology evelopment
Utilitieslcostlforltheldesignltestinglcenter 4. Marketing
Costsltolsurveylcustomerslaboutltheirlsatisfaction
5. Production
Costsltolsponsorlalsportinglevent 6.lDesign




2) SuperMaxlislanlintegratedlproviderloflgeneticallylengineeredlcorn.lManyltypesloflc
ostslarelincurredlinlitsloperations.lPlacelthelnumberloflthelappropriatelstagelinlthelvaluelch
ainlinlColumnl2linlthelblanklnextltoleachlcostlinlColumnl1.
Cost StagelinlthelValue
Chain
Warehouselcostsltolstorelseedlawaitinglshipmen 1. CustomerlService
tltolcustomers
Utilitylcostslforlseedlmill 2.lDistribution

Equipmentlcostslinlgeneticsllaboratory 3.lResearchl&
Development
Laborlcostsltolstafflhelp-linelcalllcenterl l 4.lMarketing

Costsltolprepareladvertisinglcampaignlinlnationallagr 5. Production
iculturelmagazine
Costsltolcontractlwithlgrowersltolprovidelseed 6. Design

Versionl1 3

, 3) Travon'slLimolServicelprovidesltransportationlserviceslinlandlaroundlBentonville.lIt
slprofitslhavelbeenldeclining,landlmanagementlislplanningltoladdlalpackageldeliverylservic
elthatlislexpectedltolincreaselrevenuelbyl$275,000lperlyear.lTheltotallcostltolleaseladdition
alldeliverylvehicleslfromlthellocalldealerlisl$60,000lperlyear.lThelpresentlmanagerlwilllconti
nueltolsuperviselalllservices.lHowever,llaborlandlutilitieslcostslwilllincreaselbyl40%landlrentl
andlotherlcostslwilllincreaselbyl15%lwhenlthelpackageldeliverylservicelisladded.

Travon’slLimolServicelAnnua
llIncomelStatement
Before Expansion
SaleslRevenue $l960,000

Costs:

VehiclelLeases $l400,000

Labor 290,000

Utilities 50,000

Rent 100,000

OtherlCosts 60,000

Manager’slSalary 120,000

TotallCosts 1,020,000

OperatinglProfitl(Loss) $l(60,000)



a. Preparelalreportlofltheldifferentiallcostslandlrevenueslifltheldeliverylservicelisladded.
b. Shouldlmanagementlstartlupltheldeliverylservice?lExplainlyourlanswer.




Versionl1 4

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