Chapter 11.2, Problem 1CQ

why it is necessary to monitor cost per product or unit operating cost in order to determine the cost incurred? Please answer in detail with proper explanation

“The inspection point is the key to the allocation of spoilage costs.” Do you agree? Explain.

Which of the following is not a prevention cost? a. testing finished products b. design engineering c. operator training d. preventive maintenance

Which of the following activities should be expensedcurrently as R&D costs?(a) Testing in search for or evaluation of product orprocess alternatives.(b) Engineering follow-through in an early phase ofcommercial production.(c) Legal work in connection with patent applications orlitigation, and the sale or licensing of patents.

Explain the ethical considerations to be taken care of while maintaining cost records.

Research and development activities may include (a) personnel costs, (b) materials and equipment costs, and (c) indirect costs. What is the recommended accounting treatment for these three types of R&D costs?

Define the following types of environmental costs: private, social, visible, hidden, monitoring, abatement, and both on-site and off-site remediation.

Which of the following would be an acceptable measure of activity for a material handling activity cost pool? options       Number of material moves Weight of material moved A Yes Yes B No Yes C Yes No D No No

What information is communicated by the unit environmental cost of a product?