cpa study material free download pdf 2017

#CPA STUDY MATERIAL FREE DOWNLOAD PDF 2017 DRIVERS#

Alpha and Beta are expected to require 2 and 3 machine hours, respectively. Alpha and Beta are expected to require eight and two change orders, respectively. The only relevant overhead item is the cost of engineering change orders. For the period about to begin, 1,000 units of each product are to be manufactured. Alpha is being introduced this period, whereas Beta has been in production for 2 years. Moon Company makes two products, Alpha and Beta. Classify the following as volume (unit) base or non-volume (activity) base: 1. An example of a nonvolume-related overhead base would be: A. Scheduling, setting up, and moving are examples of activities that are classified as A. Examples of activities at the batch level of costs include A. The examples of activities at the product level include A. Designing and redesigning are activities that are classified as A. McMd's value-added, and non value-added costs would be A. A recently conducted time and motion study revealed that it should take one hour to produce the same unit. McMd's standard cost card indicates that it takes three hours of direct labor to produce one unit of product. Assign manufacturing overhead costs for each activity cost pool to productsġ2.

#CPA STUDY MATERIAL FREE DOWNLOAD PDF 2017 DRIVERS#

Identify the cost drivers that accurately measure each activity’s contribution to the finished product of 67ĭ.

allocate manufacturing overhead costs to activity cost pools C. identity the major activities that pertain to the manufacture of specific products B. The last step in activity-based costing is to A. prevention cost Activity-based Costing 7. The cost of statistical quality control in a product quality cost system is A. The costing method that is properly classified for both external and internal repotting purposes is External reporting Internal reporting Activity-based costing Yes Yes Variable costing Yes No Process costing No Yes Standard costing Yes No Quality Costs 6. Prospective financial statements Which of the foregoing are related to management accounting and financial accounting respectively? A. Generally accepted accounting principles 5. Contribution approach income statement 4. The following are inherent to either management accounting or financial accounting: 1.

Contribution approach income statement D. Compliance to generally accepted accounting principles C. The following are characteristics of financial accounting, except? A. External users of financial report April 16, 2005ģ.

Which of the following characteristics is inherent to management accounting? A. CPA’s performing management services may be considered to be in the practice of management consulting Management accounting & financial accounting 1. Included in the practice of consulting is the provision of confidential service in which the identity of the client is concealed D. Businesses hire management consultants to help define specific problems and develop solutions C. CPA’s provide management services to go around the ethical constraints as mandated by the Accountancy Act. Which of the following statement is false? A. Which of the following is not classifiable as a management advisory service by CPA? A. relate to specific problems where expert help is required 2. utilize more junior staff than senior members of the firm D. The following characterize management advisory services except A. earn the best rate of return on resources entrusted to its care with safety of investment being taken into account and consistent with the firm's social and legal responsibilities. improve the client's use of its capabilities and resources to achieve the objectives of the organization. provide services or to fulfill some social need. conduct special studies, preparation of recommendations, development of plans and programs, and provision of advice and assistance in their implementation.

The primary purpose of management advisory services is to A.

Cpa study material free download pdf 2017