4/30/23, 4:36 PM
Student: _____________________
Date: _____________________
Exam 3
Instructor: Selma Abi-Daher
Course: ACC 203 – Cost Accounting
Assignment: Exam 3
1. What is the name of a cost of production process that yields multiple productssimultaneously?
A. main
B. joint
C. separable
D. byproduct
2. When a joint production process yields two products with high total sales values relative to the total sales values of otherproducts, those
products are called______.
A. joint products
B. byproducts
C. split off products
D. bundled products
3. Which of the following statements best define split off point in jointcosting?
A. It is the juncture at which decisions determining joint costs of various products to be produced are taken.
B. It is the point at which managers decide to discontinue one or more of the products.
C. It is the juncture in a joint production process when two or more products become separately identifiable.
D. It is the point at which the managers decide to outsource some of its production processes.
4. A company produces three products from a joint productionprocess: A,B, and C. As a percentage of total salesvalue, a represents50%,
B49.5%, and C.5%. Product C could be considered a________.
A. main product
B. byproduct
C. waste product
D. primary product
5. Which of the following customer related costs are NOT economically feasible to trace but are related to acustomer?
A. the allocation of the cost oftravel, lodgings, and meals that result from visiting customers at their locations
B. the additional cost of selling one more unit to a new customer who has never done business with the firm before
C. the shipping costs that result from shipping a package by Fed Ex to a customer when the technology allows a direct match of that c
D. the direct material costs of a product that a customer has purchased
6. Which of the following is a reason to gatherdata, associate revenues with each customer and develop a system of allocating costs to
eachcustomer?
A. ABC systems cannot be implemented without customer − profitability reporting
B. to assure that more resources are committed to loss − making customers in an attempt to retain all customers
C. GAAP requirements for external reporting including 10K disclosures
D. to assure that highly profitable customers get the appropriate level of care and attention
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4/30/23, 4:36 PM
Exam 3
7. Segmenting customers as a result of customer profitability analysis would be done by which of the followinggroupings?
A. gross margin
B. geography such as state or by zip code
C. operating income
D. total direct costs
8. Which of the following classifications would the cost of visiting customers would most likely fitinto?
A. customer − sustaining cost
B. customer output unit − level cost
C. customer batch − level cost
D. corporate − sustaining cost
9. Which of the following classifications would be the most appropriate for the cost of the manager of a retail distributionchannel?
A. distribution − channel cost
B. customer batch − level cost
C. customer − sustaining cost
D. corporate − sustaining cost
10. Which of the following classifications would be the most relevant for the costs incurred to processorders?
A. customer batch − level cost
B. corporate − sustaining cost
C. customer − sustaining cost
D. customer output unit − level cost
11. _
_______ categorizes costs related to customers into different cost pools on the basis of either different classes of cost drivers or
different degrees of difficulty in determining the cause − and − effect (or benefits − received) relationships.
A. Customer revenues
B. Customer cost hierarchy
C. Price discounting
D. Customer − profitability analysis
12. Which of the following is an example of division − sustaining costs?
A. corporate brand advertising
B. research and development cost
C. shipment costs
D. corporate administration costs
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