PLEASE ANSWER AS SOON AS POSSIBLE

COURSE MANAGEMENT ACCOUNTING

qn 1 The ultimate purpose of "Customer ABC Analysis" as discussed in Chapter 17 is to

OPTIONS-

allocate "facility/corporate sustaining costs" to individual customers

accurately access the profitability of individual customers allocate bundled costs to individual customers

allocate bundled revenues to individual customers

qn 2 Which industries would most likely use "process costing" accounting techniques

OPTIONS-

designer clothing manufacturers, meat packing plants, dairies

oil refineries, meat packing plants, dairies custom boat builders, meat packing plants, dairies

oil refineries, meat packing plants, ship builders

qn 3 The "Net Realizable Value" method for allocating joint costs recognizes

OPTIONS-

the "sales value at the splitoff point" method may not be possible to calculate some products may be further processed after the splitoff point

"physical measures" method often doesn't relate to the benefits received

all of the listed answers are correct

qn 4 The "Physical Measure Method" for allocating "joint costs" is based upon the following principle/criteria

OPTIONS-

benefits received adlity to bear

none of the listed answers are correct fairness or equity

qn 5 Revenues for "Byproducts from a joint process" can be recognized

OPTIONS-

at the time the byproducts are sold

O by increasing the cost of goods sold when the byproducts are produced, at the

total expected sales value of the byproducts

either listed answer is possible none of the listed answers are correct

qn 6 Joint Costs" are defined as those costs incurred before the "Splitoff Point"

OPTIONS-

True

False