8 multiple choices questions about cost accounting

see the attached file

1.Where should firms do most of their quality spending?

• A car purchased last year is an example of a(n):
• Training is a part of which category of the 4 costs of quality?

4.

Answer the following questions using the information below:

Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to non-detectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2012 are as follows:

WIP, beginning inventory 12/1/2012 20,000 units

Direct materials (100% complete)

Conversion costs (75% complete)

Started during December 80,000 units

Completed and transferred out 12/31/2012 76,800 units

WIP, ending inventory 12/31/2012 16,000 units

Direct materials (100% complete)

Conversion costs (65% complete)

Costs for December:

WIP, beginning Inventory:

Direct materials $ 100,000

Conversion costs 60,000

Direct materials added 200,000

Conversion costs added 280,000

1) What is the number of total spoiled units?

A) 13,200 units

B) 4,000 units

C) 5,400 units

D) 7,200 units

2) Normal spoilage totals:

A) 3,200 units

B) 4,000 units

C) 3,840 units

D) 5,400 units

3) Abnormal spoilage totals:

A) 3,200 units

B) 4,000 units

C) 3,360 units

D) 3,840 units

4) What is the total cost per equivalent unit using the weighted-average method of process costing?

A) $3.00

B) $3.60

C) $6.60

D) $4.60

5.

Managers usually use the return on investment to evaluate ________.

• Costs incurred on defective products before being shipped to customers are ________.
• Which of the following is a financial measure of quality?
• Which balanced scorecard measure relates to employee skills and knowledge?