mid_cost_acc_1_09-10

Mid_cost_acc_1_09-10 - MODEL A Islamic university Gaza College of commerce Accounting department Mid exam 2009/2010 Cost accounting 1 Tuesday One

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MODEL A Cost accounting 1 Mid exam 2009/2010 Islamic university – Gaza Tuesday 17/11/2009 College of commerce One hour Accounting department Name: …………………………………………………… Id.:………………………… Question 1: choose the best answer. (14 marks) 1. person MOST likely to use management accounting information is a(n): a. Banker evaluating a credit application. b. Shareholder evaluating a stock investment. c. Governmental taxing authority. d. Assembly department supervisor. 2. Cost accounting: a. Provides information on the efficiency of factory labor. b. Provides information on the cost of servicing commercial customers. c. Provides information on the performance of an operating division. d. All of these answers are correct. 3. Modern cost accounting plays a role in: a. Planning new products. b. Evaluating operational processes. c. Controlling costs. d. All of these answers are correct. 4. ________ is an operational factor that directly affects the economic viability of the organization. a. Customer focus b. A key success factor c. Continuous improvement d. Supply chain 5. Cost objects include: a. Products. b. Customers c. Departments. d. All of these answers are correct. 6. The collection of accounting data in some organized way is: a. Cost accumulation. b. Cost assignment. c. Cost tracing. d. Conversion costing. 7. Which of the following does NOT affect the direct/indirect classification of a cost? a.
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This note was uploaded on 03/08/2012 for the course ACC 4304 taught by Professor Ralultapia during the Spring '10 term at Texas State.

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Mid_cost_acc_1_09-10 - MODEL A Islamic university Gaza College of commerce Accounting department Mid exam 2009/2010 Cost accounting 1 Tuesday One

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