Questions from Cost Accounting


Q: Distinguish between the sales value at split off method and the estimated

Distinguish between the sales value at split off method and the estimated NRV method.

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Q: Give two limitations of the physical measure method of joint cost allocation

Give two limitations of the physical measure method of joint cost allocation.

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Q: Distinguish between the stand-alone revenue-allocation method and the

Distinguish between the stand-alone revenue-allocation method and the incremental revenue allocation method.

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Q: Distinguish between a market-size variance and a market-share

Distinguish between a market-size variance and a market-share variance.

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Q: Avery, Inc., manufactures two component parts for the television industry

Avery, Inc., manufactures two component parts for the television industry: â–  Tvez: Annual production and sales of 50,000 units at a selling price of $48.72 per unit. â–&nb...

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Q: A customer profitability profile highlights those customers that should be dropped to

A customer profitability profile highlights those customers that should be dropped to improve profitability.” Do you agree? Explain.

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Q: Give an example of three types of different levels of costs in

Give an example of three types of different levels of costs in a customer cost hierarchy.

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Q: Describe the distinctive characteristic of FIFO computations in assigning costs to units

Describe the distinctive characteristic of FIFO computations in assigning costs to units completed and ending work in process.

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Q: Standard-cost procedures are particularly applicable to process-costing situations

Standard-cost procedures are particularly applicable to process-costing situations.” Do you agree? Why?

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Q: Why should the accountant distinguish between transferred-in costs and additional

Why should the accountant distinguish between transferred-in costs and additional direct materials costs for each subsequent department in a process-costing system?

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