Managerial

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Author:
Anonymous
ID:
152304
Filename:
Managerial
Updated:
2012-05-05 11:35:27
Tags:
Accounting
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Description:
chapter re 15 and 16
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  1. Management accouting provides reports that are future oriented.
    T
  2. Rules applicable to accounting information created and prepared for management use are the same as those for information reported to the general public.
    F
  3. Managment accounting exists primarily for the benefit of people outside the company.
    F
  4. The four stages of the management process are plan, perform, evaluate, and communicate.
    T
  5. A business plan is a comprehensive statement of how a company will achieve its objectives, but does not include budgets or performance goals.
    F
  6. Management accoutning
    uses any type of useful measurment unit, including physical as well a monetary measures.
  7. Which of the following is a characteristic of managment accounting?
    It is used primarily by internal users.
  8. Which of the following is not a key question to be addressed when preparing a report?
    Where?
  9. In today's competitive business environment, managers
    must provide the highest value at the lowest cost to customers.
  10. JIT, TQM, ABM, and TOC all make a contribution to
    continuous improvement
  11. Equipment depreciation is an example of a direct product cost in manufacturing company.
    F
  12. Indirect costs can be conveniently traced to a cost object.
    F
  13. Variable costs per unit change in an inversely proportional rate to changes in volume
    F
  14. Total fixed costs remain costant within a defined time period or range of activity.
    T
  15. Wages of machine operators and other workers involved in actually shaping the product are classified as direct labor costs.
    T
  16. Which of the following is the formula to compute a product's unit cost?
    (Direct Material + Direct Labor + Overhead) / Number of Units Produced
  17. Which of the following would not be included in the cost of a manufactured product?
    cost to ship products to a customer
  18. an example of a period cost is
    advertising costs
  19. which of the following is value-adding costs?
    Depreciation on factory equipment
  20. The following are costs for a selected period: direct materials put into production , $94,000; direct labor cost of converting materials into product, $200,000; indirect cost of manufacturing the product, $40,000. What is the per unit cost of manufacturing 20,000 unit in this period.
    $16.70

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