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1.

Anequi v al entuni tofmat er i alorconv er s i oncosti sequalt o:

A.t hepr i mecos t Cor r ect ! B.t heamountofmat er i alorconv er s i oncostnecess ar yt ocompl et eoneuni tofpr oduct i on

C.auni tofwor ki npr ocessi nv ent or y

D.t heamountofmat er i alorconv er s i oncostnecess ar yt os t ar tauni tofpr oduct i oni nt owor ki npr oces s

E.50% oft hemat er i alorc onv er s i oncos tofauni toffini s hedgoodsi nv ent or y ,as sumi ngal i nearpr oduct i onpat t er n

Quest i on2 1/1pt s 2.Thepr oductflowf or matwher ecer t ai npor t i onsoft hewor kar edonesi mul t aneousl yandt henbr oughtt oget herf or compl et i oni scal l ed:

A.Appl i ed Cor r ect ! B.Par al l el

C.St andar d

D.Sel ect i v e

E.Sequent i al

Quest i on3 1/1pt s

3.I napr oces scost i ngs ys t em,howi st heuni tcostaffect edi napr oduct i oncostr epor twhenmat er i al sar eaddedi na depar t mentsubs equentt ot hefir stdepar t mentandt headdedmat er i al sr esul ti naddi t i onaluni t s ?

A.Thefir stdepar t ment ' suni tc osti si ncr eas ed,buti tdoesnotnecess i t at eanadj ust mentoft het r ansf er r edi nuni t cost .

B.Thefir stdepar t ment ' suni tcosti sdecr eas ed,buti tdoesnotnecess i t at eanadj ust mentoft het r ansf er r edi nuni t cost .

C.Thefi r s tdepar t ment ' suni tcos ti snotaffect ed.

D.Thefir stdepar t ment ' suni tcosti si ncr eas ed,whi chneces si t at esanadj us t mentoft het r ansf er r edi nuni tcos t . Cor r ect ! E.Thefir stdepar t ment ' suni tcosti sdecr eas ed,whi chneces si t at esanadj us t mentoft het r ansf er r edi nuni tcos t .

Quest i on4 1/1pt s 4.GoodManuf act ur i nghast hr eepr oduci ngdepar t ment si ni t sf act or y .Theendi ngi nv ent or yi nt heMi l l i ngDepar t ment consi s t edof3, 000uni t s .Thes euni t swer e60% compl et ewi t hr espectt ol aborandf act or yov er head.Mat er i al sar e appl i edatt heendoft hemi l l i ngpr oc ess .Uni tcost sf ort hecompl et epr ocessi nt heMi l l i ngDepar t mentar e:mat er i al s , P1;l abor ,P2;andf act or yov er head,P3.Theappr opr i at euni tcostf oreachuni ti nt heendi ngi nv ent or yi s:

P2

P5 Cor r ect ! P3 SUPPORTI NG CALCULATI ON:60% ( P2+P3)=P3

P6

P4

Quest i on5 1/1pt s 5.Read,I nc .i nst i t ut edanewpr ocessi nOct ober .Dur i ngOct ober ,10, 000uni t swer est ar t edi nDepar t mentA.Oft he uni t sst ar t ed,7, 000wer et r ansf er r edt oDepar t mentB,and3, 000r emai nedi nwor ki npr oces satOct ober31.The wor ki npr ocessatOct ober31was100% compl et east omat er i al cos t sand50% compl et east oconv er s i oncos t s. Mat er i al scost sofP27, 000andc onv er s i oncos t sofP39, 950wer echar gedt oDepar t mentAi nOct ober .Whatwer e t het ot alcost st r ansf er r edt oDepar t mentB?

P46, 900

P53, 600 Cor r ect ! P51, 800 SUPPORTI NG CALCULATI ON: Mat er i al suni tcost=P27, 000)( 7, 000+3, 000)=P2. 70 Conv er si onuni tcost=P39, 950)[ 7, 000+50%( 3, 000) ]=P4. 70 Cost st r ansf er r ed=7, 000( P2. 70+P4. 70)=P51, 800

P57, 120

noneoft heabov e

Quest i on6 1/1pt s 6.Ani t em t hatdoesnotappearonacos tofpr oduct i onr epor ti s :

A.wor ki npr oc essbegi nni ngi nv ent or y

B.c umul at i v ecost st hr ought heendofdepar t ment alpr oduct i on Cor r ect ! C.fini shedgoodsendi ngi nv ent or y

D.mat er i al sus edi nt hedepar t ment

E.uni tcost saddedbyt hedepar t ment

Quest i on7 1/1pt s 7.Ac har ac t er i st i cofapr oces scost i ngs ys t em i st hat :

A.cost sar eacc umul at edbyor der

B.i ti susedbyacompanymanuf act ur i ngcus t om mac hi ner y

C.s t andar dcost sar enotappl i cabl e Cor r ect ! D.wor ki npr ocessi nv ent or yi sr est at edi nt er msofcompl et eduni t s

E.Noneoft heabov e

Quest i on8 1/1pt s 8.Theent r yt or ecor dcompl et edandt r ans f er r eduni t sf r om onepr oduci ngdepar t mentt oanot herpr oduci ng depar t mentwi l li nv ol v ewhi choft hef ol l owi ngent r y?

A.Adebi tt oFi ni shedGoodsI nv ent or y Cor r ect ! B.Ac r edi tt oWor k i nPr oces sI nv ent or y

C.Bot hAandB

D.Noneoft heabov e

Quest i on9 1/1pt s 9.Whi c hoft hef ol l owi ngi scor r ecti fnor mall oss esar edi scov er edatt hebegi nni ngoft hepr oduct i on?

A.Los sUni t swi l lhav ez er oequi v al entuni t sast oconv er s i oncos tonl y

B.LossUni t swi l lhav ez er oequi v al ent suni t sast omat er i al sonl y Cor r ect ! C.Los sUni t swi l lhav ez er oequi v al entuni t sasmat er i al sandconv er s i onc ost

D.LossUni t swi l lhav ez er oequi v al entuni t sast oconv er s i oncostandwi l lhav ez er oequi v al ent suni t sast omat er i al s i fmat er i al sar eaddedatt heendonl y

E.Noneoft heabov e

Quest i on10 1/1pt s 10.Cos tofabnor mall oss esdi s cov er eduponi nspec t i onandt hei npr oces suni t shav eatl eastr eachedt hei nspect i on poi ntwi l l

A.Bechar gedt oCompl et edandTr ansf er r edonl y

B.Bec har gedt oI npr ocessendonl y

C.Bechar gedt obot hCompl et ed&Tr ansf er r edandI npr oces senduni t s Cor r ect ! D.Char gedt oFact or yOv er headCont r ol

E.Noneoft heabov e

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