Cost Accounting Exercise 5 12.1 Reference Answer 1. Multiple choice questions (1 *21=21) 1. The basic method and auxiliary method of product cost calculation are divided according to (D). A. Object of cost calculation B. Characteristics of production organization C. Is the cost calculation simple D. Is it essential to calculate the actual cost 2. Using the same raw materials, the products with the same variety but different quality produced through the same processing process are (C). A. Joint product B. By-product C. Grade product D. Main product 3. When auxiliary production expenses are allocated by interactive allocation method, the first interactive allocation is between (a). A. Beneficial auxiliary production workshops B. Beneficiary units other than auxiliary production workshops C. Beneficial basic production workshops D. Beneficial enterprise management departments 4. The production cost of unrepairable waste products shall be carried forward according to waste products (C). A. standard cost B. manufacturing cost C. fixed cost D. planned cost 5. among the following accounts, the account that does not belong to the credit of the "prepaid expenses" account is (b). A. "Management cost" B. "Waste loss" C. "Manufacturing cost" D. "Auxiliary production cost" 6. Among the following methods, (b) belongs to the allocation method of auxiliary production cost. A. Fixed cost method B. Planned cost allocation method C. Proportional allocation method of production working hours D. Proportional allocation method of machine working hours 7. The impact of changes in technical and economic indicators on product cost is mainly reflected in the impact on indicator (B). A. Total product cost B. Unit product cost C. Product output D. Total product cost and product output 8. The main sign of dividing the basic method of product cost calculation is (a). A. Object of product cost calculation B. Date of cost calculation C. Characteristics of production organization D. Requirements of cost management 9. Taxes in various factor expenses shall be charged in (b) when incurred or paid. A. Basic production costs B. Management expenses C. Manufacturing expenses D. Operating expenses 11. Accounting for accrued expenses is to correctly divide (C). A. the boundary between management expenses and operating expenses b. The boundary between production cost and period cost C. the boundary of monthly cost D. The boundary of various product costs 11. The quota method of product cost calculation, in the scope of adaptation (B). A is directly related to the production type. B is irrelevant to the production type. C is suitable for mass production. Suitable for small batch production 12 The following expenses that should be included in the product cost are (a). A. Waste loss B. Management expenses C. Operating expenses D. Depreciation expenses 13. In the case of small-batch single-piece multi-step production, if management does not require step-by-step calculation of product cost, the cost calculation method should be (A). A. Batch method B. Step method C. Classification D. Fixed cost method 14 The most basic function of cost accounting is (b). A. cost analysis B. cost accounting C. cost control D. cost decision 15 In the following cases, the simplified batch method is not suitable (D). A there are more batches of products, and there are more batches of unfinished products at the end of the month. C. The level of indirect expenses in each month is similar. D. The level of indirect expenses in each month is quite different. Among the following items, the simplified batch method is characterized by (C). A. Calculate the cost of finished products in batches B. Calculate the product cost in batches at the end of the month C. Combine the horizontal distribution and vertical distribution of production costs D. All production costs do not need to be distributed among batches of products 17. The factor that should be considered when choosing the basic method of product cost calculation is (D). A. Is the product consumption quota accurate and stable? B. Is there a variety of products? C. Can simplify the accelerated cost calculation? D. Production process and production organization characteristics and cost management requirements? 18. Expenses used to raise funds needed for production and operation are called (b). A. management expenses B. financial expenses C. production costs D. production expenses 19. the difference between raw materials and quotas is (b). A. price difference B. quantity difference C. raw material cost difference D. a difference in quota change 21. if the raw material cost accounts for a large proportion of the product cost, raw materials will be put into production gradually with the production progress, in order to simplify the cost calculation. When allocating the finished product and the product expense at the end of the month, the method to be adopted is (a). A. Work-in-process products are priced according to the cost of raw materials consumed, and the cost of raw materials is allocated according to the equivalent production ratio. B. Work-in-process products are priced according to the cost of raw materials consumed. D. The cost of raw materials is allocated according to the equivalent production ratio. 2. Multiple choice questions (2 points *5=11 points) 1. When allocating and calculating the cost of finished products and products at the end of the month, The conditions for adopting the pricing method of products in process according to norm cost are (BCDE) A. The product quantity changes greatly at the end of each month B. The product consumption quota is relatively stable C. The product consumption quota changes slightly at the end of each month D. The product consumption quota is relatively accurate E. The quota management foundation is good 2. The cost calculation method should be determined according to (BCD). A. Product output B. Characteristics of production organization C. Characteristics of production process D. Requirements of cost management E. Size of production scale 3. Adoption of step-by-step carry-over method (ACDE). A. The carry-over of semi-finished products' cost is completely consistent with the transfer of its real objects. B. The cost accounting procedure is simple. C. It can provide information on semi-finished products' cost. D. It is beneficial to strengthen the management of production funds. E. It provides cost information for selling semi-finished products and evaluating cost indicators. 4. To organize cost accounting scientifically, it is necessary to (ABC). A. Set up the cost accounting organization reasonably B. Equip the cost accounting personnel C. Work according to the laws and regulations related to cost accounting D. Work out the cost plan E. Strengthen the cost control 5. The key to simplifying the cost calculation and making the cost calculation relatively correct when using the classification method is (ABC). A. The classification of products should be appropriate B. The allocation standard of selection expenses should be appropriate C. The class distance of product classification should be appropriate D. The smaller the class distance of product classification, the better E. The expenses of each cost item should adopt the same allocation standard.