Question
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
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
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