Managerial Accounting

Front 1

which of the following is referring management accounting?

Back 1

is not subject to GAAP

Front 2

the main purpose of management accounting is to provide information to

Back 2

managers

Front 3

the term product cost as used in cost and managerial account context means

Back 3

all manufacturing of production cost of the product

Front 4

the sum of direct materials plus direct labor is classified as

Back 4

prime cost

Front 5

which o the following organization would be most likely to adopt a process cost

Back 5

paper manufacturing

Front 6

zero based budget

Back 6

require managers to build budget from the ground up

Front 7

which of the following pairs most accurately represents the ease of traceability cost?

Back 7

variable costs and fixed costs

Front 8

the primarily purpose for carrying on cost accounting activities are

Back 8

to measure in cost or core

Front 9

find cost volume profit

Back 9

variable and fixed cost

Front 10

over and under over head occurs when

Back 10

when either the overhead cost driver are estimated incorrectly

Front 11

chief accounting officer in an organization is

Back 11

controller

Front 12

financial accounting information is most generally most useful to

Back 12

external parties

Front 13

the cost of rent for manufacturing plant is generally considered to be

Back 13

prime cost - no

product cost - yes

Front 14

all the following are period cost except

Back 14

factory rent

Front 15

which fo the following organizations would be likely to adopt a process costing system

Back 15

paper manufacturer

Front 16

which of the following would most likely classified as direct material cost

Back 16

an engine in a custom automobile

Front 17

pairs that most accurate for the cost volume analysis

Back 17

fixed cost and variable cost

Front 18

target pricing

Back 18

target cost + target profit

Front 19

huts sells hot dog $2/each. the variable cost $1 and $0.35 is fixed overhead cost. A summer camp wishes to buy 100 hotdogs for $1.25/each. Whats the profit for hut?

Back 19

decrease by $10

Front 20

which phrase best describes the current role of a management accountant in an organization

Back 20

managerial accountants facilitate the decisions for an organization

Front 21

a thing of value that is owned by an organization and is expected to provide future benefit is classified as which of the following

Back 21

asset

Front 22

a quantified plan of action for management is

Back 22

budget

Front 23

which equation best represents the basic production budget

Back 23

sales budget in units + projected ending inventory - beginning inventory

Front 24

cost volume profit analysis attempt to answer which of the following

Back 24

which sales volume is needed to break even

which sales volume is needed to make a desire profit

given the sales volume, what is expected profit

how would change in price, variable cost, and out put affect profit

Front 25

I net present profit value of an investment is less than 0 and the cost capital is 16% the internal rate of return would be

Back 25

down 16

Front 26

an alternate name for the "time adjusted rate of return is"

Back 26

the internal rate of return

Front 27

what type of their special short run decision is most likely to be needed to make

Back 27

make it your self or buy it from out side

Front 28

which of following is most representative of what is a summary cash budget

Back 28

CF from activities, O/P, Investing activities, borrowing activites

Front 29

the sum of "direct materials + "direct labor is classified as?

Back 29

prime cost

Front 30

unplanned use of a organization recourses usually measured by the resources given up is defined as

Back 30

an expenses

Front 31

which of the following accounting is in the calculation of working capital

Back 31

merchandise inventory

Front 32

management accounting places more emphasis on

Back 32

future activities

Front 33

the primary purpose for carrying a cost accounting activity is

Back 33

plan operations

Front 34

cost that are always relevant in making decisions are

Back 34

cost that can be avoided

Front 35

the amount of overhead applied to a product or service is normally calculated by

Back 35

divide estimate overhead by estimated units of the cost driver

Front 36

comparing actual outcomes with budget outcomes then following up is a example of

Back 36

operating activities

Front 37

which of the following is typically a starting point for the budget process

Back 37

a sales budget

Front 38

tax accounting is generally most used by

Back 38

manager

Front 39

management accountant place more emphases on which of the following

Back 39

future activities

Front 40

the term product cost as used in cost and managerial accounting context means

Back 40

all manufacturing or product cost of the product

Front 41

which of the following organization would be most likely to accept a process costing system

Back 41

paper manufacture

Front 42

cost information

Back 42

is used by managers across an organization

Front 43

a predetermined overhead rate is equal to

Back 43

estimated overhead / estimated units of the cost driver

Front 44

a quantified plan of action for management is

Back 44

a budget

Front 45

break even sales in units

Back 45

the number of units you need in sales to break even

Front 46

break even point

Back 46

the sales level at which operating income is zero

total revenues = total expenses

Front 47

an increase in the discount rate

Back 47

will decrease the future value of the cash flow

Front 48

the amount of overhead applied to a product or service is normally calculated by

Back 48

dividing estimated overhead by estimated units of the cost driver

Front 49

which of the following does not appear in financial statement service

Back 49

capital accounts

Front 50

cost information

Back 50

is important for manufacture companies

Front 51

which of the following is not a capital budgeting method

Back 51

excess present value index

Front 52

an obligation in monetary amount that is owned by a

Back 52

federal reserve

Front 53

which of the following is a present value method and capital investments

Back 53

net present value

Front 54

liability of a company are owned

Back 54

creditors

Front 55

in the long run product sales price must be sufficient to cover

Back 55

design cost

manufacturing cost

marketing cost

serving cost

Front 56

balance sheet shows

Back 56

assets liabilities and stockholder equity

Front 57

which of the following is accounting assumption

Back 57

going concern

time period

economic entry

Front 58

expected future cost that differ between decision alternatives at hand are know

Back 58

relevant cost

Front 59

the principle that requires ever business to b accounted for separately and distinctly from its owner or owners is known as the

Back 59

business entitle

Front 60

the concept that a business has a reasonable expectation of remedy in business for the force able future is called

Back 60

economic entitle assumption

Front 61

unplanned use of a organization

Back 61

depreciation

Front 62

which of the following accounting is in the calculation of working capital

Back 62

merchandise inventory