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Test Bank - for Fundamentals of Cost Accounting, 7th Edition by Lanen, All Chapters 1-18|Complete Guide A+ $15.49   Add to cart

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Test Bank - for Fundamentals of Cost Accounting, 7th Edition by Lanen, All Chapters 1-18|Complete Guide A+

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  • Fundamentals Of Cost Accounting, 7th Edition

Test Bank for Fundamentals of Cost Accounting 7e 7th Edition by William Lanen and Shannon Anderson and Michael Maher. ISBN-13: 0842 ISBN-10: 1 Full Chapters test bank PDF INTRODUCTION AND OVERVIEW Chapter One: Cost Accounting: Information for Decision Making  Chapter Two: Cost Concepts and Behavi...

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  • November 7, 2024
  • 1781
  • 2024/2025
  • Exam (elaborations)
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  • Fundamentals of Cost Accounting, 7th Edition
  • Fundamentals of Cost Accounting, 7th Edition
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TEST BANK
Fundamentals of Cost Accounting, 7th Edition
by Lanen & Maher Chapters 1 - 18




Versionj1 1

,TABLE OF CONTENTS
j j j




INTRODUCTIONjANDjOVERVIEW
ChapterjOne:jCostjAccounting:jInformationjforjDecisionjMaking
ChapterjTwo:jCostjConceptsjandjBehavior


COSTjANALYSISjANDjESTIMATION
ChapterjThree:jFundamentalsjofjCost-Volume-ProfitjAnalysis
ChapterjFour:jFundamentalsjofjCostjAnalysisjforjDecisionjMaking
ChapterjFive:jCostjEstimation


COSTjMANAGEMENTjSYSTEMS
ChapterjSix:jFundamentalsjofjProductjandjServicejCosting
ChapterjSeven:jJobjCosting
ChapterjEight:jProcessjCosting
ChapterjNine:jActivity-BasedjCosting
ChapterjTen:jFundamentalsjofjCostjManagement
ChapterjEleven:jServicejDepartmentjandjJointjCostjAllocation


MANAGEMENTjCONTROLjSYSTEMS
ChapterjTwelve:jFundamentalsjofjManagementjControljSystems
ChapterjThirteen:jPlanningjandjBudgeting
ChapterjFourteen:jBusinessjUnitjPerformancejMeasurement
ChapterjFifteen:jTransferjPricing
ChapterjSixteen:jFundamentalsjofjVariancejAnalysis
ChapterjSeventeen:jAdditionaljTopicsjinjVariancejAnalysis
ChapterjEighteen:jPerformancejMeasurementjtojSupportjBusinessjStrategy j




Versionj1 2

,Chapterj01j7
ej



Answers at the end of each chapter
j j j j j j




1) CarleyjIncorporatedjincursjmanyjtypesjofjcostsjinjitsjoperations.jPlacejthejnumberjofj
thejappropriatejstagejinjthejvaluejchainjinjColumnj2jinjthejblankjnextjtojeachjcostjinjColumnj
1.
Cost StagejinjthejValuejChain

Transportationjcostsjtojshipjvansjtojcustomers 1. CustomerjService
Laborjcostsjforjfactoryjworkers 2.jDistribution

Overtimejcostsjforjscientistsjworkingjonjnewjengine 3. Researchj&jD
jtechnology evelopment
Utilitiesjcostjforjthejdesignjtestingjcenter 4. Marketing
Costsjtojsurveyjcustomersjaboutjtheirjsatisfaction
5. Production
Costsjtojsponsorjajsportingjevent 6.jDesign




2) SuperMaxjisjanjintegratedjproviderjofjgeneticallyjengineeredjcorn.jManyjtypesjofjc
ostsjarejincurredjinjitsjoperations.jPlacejthejnumberjofjthejappropriatejstagejinjthejvaluejch
ainjinjColumnj2jinjthejblankjnextjtojeachjcostjinjColumnj1.
Cost StagejinjthejValue
Chain
Warehousejcostsjtojstorejseedjawaitingjshipmen 1. CustomerjService
tjtojcustomers
Utilityjcostsjforjseedjmill 2.jDistribution

Equipmentjcostsjinjgeneticsjlaboratory 3.jResearchj&
Development
Laborjcostsjtojstaffjhelp-linejcalljcenterj j 4.jMarketing

Costsjtojpreparejadvertisingjcampaignjinjnationaljagr 5. Production
iculturejmagazine
Costsjtojcontractjwithjgrowersjtojprovidejseed 6. Design

Versionj1 3

, 3) Travon'sjLimojServicejprovidesjtransportationjservicesjinjandjaroundjBentonville.jIt
sjprofitsjhavejbeenjdeclining,jandjmanagementjisjplanningjtojaddjajpackagejdeliveryjservic
ejthatjisjexpectedjtojincreasejrevenuejbyj$275,000jperjyear.jThejtotaljcostjtojleasejaddition
aljdeliveryjvehiclesjfromjthejlocaljdealerjisj$60,000jperjyear.jThejpresentjmanagerjwilljconti
nuejtojsupervisejalljservices.jHowever,jlaborjandjutilitiesjcostsjwilljincreasejbyj40%jandjrentj
andjotherjcostsjwilljincreasejbyj15%jwhenjthejpackagejdeliveryjservicejisjadded.

Travon’sjLimojServicejAnnua
ljIncomejStatement
Before Expansion
SalesjRevenue $j960,000

Costs:

VehiclejLeases $j400,000

Labor 290,000

Utilities 50,000

Rent 100,000

OtherjCosts 60,000

Manager’sjSalary 120,000

TotaljCosts 1,020,000

OperatingjProfitj(Loss) $j(60,000)



a. Preparejajreportjofjthejdifferentialjcostsjandjrevenuesjifjthejdeliveryjservicejisjadded.
b. Shouldjmanagementjstartjupjthejdeliveryjservice?jExplainjyourjanswer.




Versionj1 4

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