WorksheetsODYSSEY 8: Cost Accounting & Capital Budgeting (Clincher)
Total questions: 6
Worksheet time: 3mins
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The capital budgeting decision involves the planning of expenditures for projects with a life of at least:
(30 seconds to answer)
a. 6 months
b. 12 months
c. 24 months
d. 36 months
This is one of the methods of accounting for spoiled materials that used if the reason for the spoilage is the job itself, because it requires exacting specifications, or a difficult, intricate or complicated manufacturing process.
(30 seconds to answer)
a. Charged to the specific job
b. Charged to the spoiled materials
c. Charged to the non-specific job
d. Charged to both specific job and spoiled materials
In cost accounting cycle, the cost attached to the ending Work in Process Inventory are part of the current period’s total manufacturing cost. But, they not will become part of the cost of Goods manufactures until the ______.
(30 seconds to answer)
a. next accounting period when the products are completed
b. next accounting period when the products are half completed
c. next accounting period when the products are three-fourth completed
d. next accounting period when the products are one-fourth completed
What kind of product flow when the initial raw materials are placed into process in the first department and flow through every department in the factory?
(30 seconds to answer)
a. Parallel Product Flow
b. Selective Product Flow
c. Sequential Product Flow
d. Diagonal Product Flow
A company is considered the purchase of a machine. The machine A and B are available for $ 80 000 each. Earnings after taxation are as:
Machine A
Year 1 = P 24 000
Year 2 = 32 000
Year 3 = 40 000
Year 4 = 24 000
Year 5 = 16 000
Machine B
Year 1 =P 8 000
Year 2 = 24 000
Year 3 = 32 000
Year 4 = 48 000
Year 5 = 32 000
What is the payback period of Machine A?
( 45 seconds to answer)
a. Machine A = 2 years and 7 months & Machine B = 3 years and 4 months
b. Machine A = 2 years and 8.2 months & Machine B = 3 years and 4.5 months
Machine A = 2 years and 7.2 months & Machine B = 3 years and 4 months
