applicability of cost accounting standards

... Which field of accounting emphasizes relevancy over comparability? 1. A Cost accounting 2. B Financial accounting 3. C Responsibility accounting 4. D International accounting Moving of inventory ... field of accounting that depends on generally accepted accounting principles (GAAP) is called 1. A cost accounting 2. B financial accounting 3. C managerial accounting 4. D responsibility accounting ... portion of the accounting profession's system of self-regulation The Statements on Auditing Standards have been issued by the: 1. A Auditing Standards Board 2. B Financial Accounting Standards

Ngày tải lên: 09/03/2017, 08:42

... job cost sheet. The term "prime cost" refers to: 1 The sum of direct labor costs and all factory overhead costs. 2 The sum of direct material costs and direct labor costs. 3 All costs ... responsible for: 1 cost of raw materials. 2 quantity of raw materials used. 3 the number of units ordered. 4 amount of taxes incurred. 57 Free Test Bank for Principles of Cost Accounting 16th Edition ... labor costs and direct material costs. 4 Manufacturing costs incurred to produce units of output. In job order costing, the basic document for accumulating the cost of each job is the: 1 Job cost

Ngày tải lên: 10/03/2017, 10:45

... field of accounting emphasizes relevancy over comparability? 1 A Cost accounting. 2 B Financial accounting. 3 C Responsibility accounting. 4 D International accounting. The field of accounting ... accepted accounting principles (GAAP) is called 1 A cost accounting. 2 B financial accounting. 3 C managerial accounting. 4 D responsibility accounting. 5 E international accounting. Which of the ... E lean accounting Costs that change in response to a particular course of action are 1 A differential costs 2 B cost-benefit analysis 3 C activity-based costs 4 D cost drivers Moving of inventory

Ngày tải lên: 24/03/2017, 15:41

... the cost of each job is the: 1 Job cost sheet. 2 Requisition sheet. 3 Purchase order. 4 Invoice. The statement of costs of goods manufactured shows: 1 Office supplies used in accounting office. ... track the costs of serving different clients may use a: 1 process cost system. 2 job order cost system. 3 cost control system. 4 standard cost system. Which of the following is not a cost that ... The term "prime cost" refers to: 1 The sum of direct labor costs and all factory overhead costs. 2 The sum of direct material costs and direct labor costs. 3 All costs associated with

Ngày tải lên: 24/03/2017, 15:42

... costs 3 determining the cost of a customer 4 using future expected earnings to estimate the price of a share of common stock Which of the following is NOT part of the financial accounting information ... growth Trang 4Which of the following costing activities is associated with the financial accounting system? 1 determining the cost of a department 2 determining the cost of goods sold for financial ... financial accounting standards. Financial accounting information is used for 1 is concerned with assigning costs to various cost objects. 2 attempts to satisfy the costing objectives of both financial

Ngày tải lên: 25/03/2017, 10:28

... the cost accounting system Level of awareness and understanding of cost accounting system is the perception of accountants and managers of cost accounting system base on their knowledge about accounting, ... mark-up for profit over the cost of production Cost Accounting System It is the process of collecting, analyzing and evaluating costs of products and services Generally, a cost accounting system ... system is perception of accountants and managers on the level of difficulty in use of use cost accounting system The ease of use of cost accounting system may refer to the ability of accountants and

Ngày tải lên: 20/09/2017, 16:53

... variable cost or a fixed cost B includes the costs of shipping finished goods to customers C includes all factory labor costs D includes all fixed costs Trang 38A cost of goods manufactured.B cost of ... assigning indirect costs to products, services, people, business units, etc., is A cost allocation; cost pool B cost pool; opportunity cost C cost object; cost pool D cost pool; cost object 80 Under ... goods sold B cost of goods manufactured was less than total manufacturing costs C manufacturing costs were higher than cost of goods sold D manufacturing costs were less than cost of goods manufactured

Ngày tải lên: 27/10/2017, 09:25

... of a share of common stock Trang 6Which of the following costing activities is associated with the financial accounting system? 1 determining the cost of a department 2 determining the cost of ... the cost management information system? 1 preparing a cost of quality report 2 preparing a performance report that compares actual costs to budgeted costs - Given 3 determining the cost of a ... the costing objectives of both financial accounting and management accounting - Given 3 provides cost information that supports planning, controlling, and decision making 4 all of these Which of

Ngày tải lên: 14/11/2017, 16:03

... overhead costs 2 b The sum of direct material costs and direct labor costs 3 c All costs associated with manufacturing other than direct labor costs and direct material costs 4 d Manufacturing costs ... "conversion costs" refers to: 1 a The sum of direct labor costs and all factory overhead costs Trang 42 b The sum of direct material costs and direct labor costs.3 c All costs associated ... of $50,000 and $60,000 at April 1 and April 30, respectively, and cost of goods manufactured of $175,000 in April Cost of goods sold in April was: Trang 19For a manufacturer, the total cost of

Ngày tải lên: 14/11/2017, 16:05

... overhead costs 2 The sum of direct material costs and direct labor costs 3 All costs associated with manufacturing other than direct labor costs and direct material costs 4 Manufacturing costs incurred ... term "conversion costs" refers to: 1 The sum of direct labor costs and all factory overhead costs 2 The sum of direct material costs and direct labor costs 3 All costs associated with ... 3 $23.60 4 $31.20 The statement of costs of goods manufactured shows: 1 Office supplies used in accounting office 2 Deprecation of factory building 3 Salary of sales manager 4 Rent paid on finished

Ngày tải lên: 14/11/2017, 16:05

... carrying cost per pound of material $4 What is Western Company’s EOQ? of 500 units? A Higher total order cost and lower total carrying cost B Lower total order cost and higher total carrying cost ... C Weighted average cost D Moving average cost C Weighted average cost D Moving average cost 41 When selecting a method of inventory costing, a company must consider all of the following except: ... flow of materials D its rate of inventory turnover Trang 2542 At the end of the period, the balance in the Materials account should represent A the cost of materials purchased B the cost of materials

Ngày tải lên: 16/11/2017, 15:56

... 13 Managerial Cost Accounting Concepts 13 Managerial Cost Accounting Standards 20 Requirement for Cost Accounting 20 Responsibility Segments 23 Full Cost 26 Inter-Entity Costs 31 Costing Methodology ... communication of cost information This can be accomplished through the use of a cost accounting system or the use of cost finding techniques and other cost studies and analyses A cost accounting ... the costs of the end product Thus, the cost flow follows the physical flow of the production The unit cost of the end product is the sum of the unit costs of all the divisions 159 Process costing...

Ngày tải lên: 04/11/2014, 22:20

... change in the measurement of costs, the assignment of costs to cost accounting periods, or the allocation of costs to cost objectives should be considered to be changes in cost accounting practice ... Illustrations 8-414 Cost Accounting Standard 414 - Cost of Money as an Element of the Cost of Facilities Capital 8-414.1 General 8-414.2 Interest Rates – Cost of Facilities Capital ... 8-406 Cost Accounting Standard 406 - Cost Accounting Period 8-406.1 General 8-406.2 Restructuring Costs 8-407 Cost Accounting Standard 407 - Use of Standard Costs for...

Ngày tải lên: 06/03/2014, 21:20

... essentials of cost accounting from a health care perspective, including all of the basic tools of cost accounting common to all industries, using health care examples Essentials of Cost Accounting ... Health facilities—Costs Accounting Hospitals Cost of operation Accounting Cost accounting I Ward, David M (David Marc), 1964- II Baker, Judith J III Title [DNLM: Costs and Cost Analysis Health ... more aware of the importance of understanding as much about costs as they possibly can A number of textbooks are available in the cost accounting field However, these generic cost accounting...

Ngày tải lên: 15/03/2014, 15:20

... financial statements Indian Accounting Standards (IndASs) opening Ind-AS Balance Sheet Indian Accounting Standards are Accounting Standards prescribed under Section 211(3C) of the Companies Act, 1956 ... with paragraph D21 of this standard d) Identify each part of an item of property, plant and equipment with a cost that is significant in relation to the total cost of the item of property, plant ... component of equity The revaluation surplus at the date of transition to Ind-ASs is based on a comparison of the carrying amount of the asset at that date with its cost or deemed cost If the deemed cost...

Ngày tải lên: 23/03/2014, 03:20

... Accounting and Cost Accounting Management Accounting Financial, Cost and Management Accounting Cost Concept and Cost Object Cost Management Cost Classification Methods of Costing Techniques of ... the allotment of the whole items of costs to cost centres or cost units Cost apportionment refers to the allotment of proportions of item of cost to cost centres or cost units A cost which is ... costing (d) Basic methods of costing are job costing and costing and marginal costing (e) Basic principles of costing are (f) Conversion cost plus direct material is cost and cost (g) Cost of...

Ngày tải lên: 29/03/2014, 20:20

... member of the Accounting Standards Chapter - of the Flow Statement Committee Cash Securities & Exchange Board of India (SEBI); is the Chairman of the Managing Chapter - of the Institute of Chartered ... Application of International Accounting the twin Standardsgoals of protecting the interests of creditors and ensuring the effectiveness of taxation Preface More recently, international accounting standards ... 2003—Interpretation and Application of International Accounting To Standards bring about convergence of national accounting standards and International Accounting Preface Standards to high-quality solutions...

Ngày tải lên: 08/04/2014, 12:12

... Development of Financial Accounting Standards: An Exploration of Comment Letters and Their Influence on Financial Accounting Standards by Douglas P Letsch M.B.A in Accounting, University of Phoenix, ... Development of Financial Accounting Standards: An Exploration of Comment Letters and Their Influence on Financial Accounting Standards by Douglas P Letsch M.B.A in Accounting, University of Phoenix, ... in light of the globalization of financial accounting standards by the International Accounting Standards Board (IASB) The number of organizations and resulting journal entries into accounting...

Ngày tải lên: 01/06/2014, 13:59

... basis of accounting, which differs from the cash basis of accounting used in the reporting of budget results The principal differences between these,two accounting methods pertain to the timing of ... the Federal Accounting Standards Advisory Board in creating the accounting standards that form the basis for the fmancial statements included in this financial report These accounting standards ... received from the Chief Financial Officers and InspectorsGeneral throughout’government, as well as Department of the Treasury and ‘/ : Office of Management,and Budget officials, incarrying out our...

Ngày tải lên: 19/06/2014, 15:20

... net cost of U.S Government operations was $1,854 billion for 1998 Net :cost represents the gross cost of operations less attributable earned revenues The Statement of Net Cost reflects the cost ... $2.8 billion from the sale of the Elk Hills Naval Petroleum Reserve by the Department of E,nergy Of these revenues; $16 1.5 billion are offset against : the gross cost of the related functions ... section of this report The accompanying chart presents the percentage of the net cost of U.S Government operations represented by each of the U.S Government’s major functions AND ANALYSIS Net Cost...

Ngày tải lên: 19/06/2014, 15:20