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BUS 302L - Managerial Accounting question review and answered 100% correct.
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BUS 302L - Managerial Accountingquestion review and answered 100%
correct.
b. Managerial accountants facilitate the decision-making process within an organization. ANS - Which
phrase best describes the current role of the managerial accountant?
a. Managerial accountants prepare the financial statements for an organization.
b. Managerial accountants facilitate the decision-making process within an organization.
c. Managerial accountants make the key decisions within an organization.
d. Managerial accountants are primarily information collectors.
e. Managerial Accountants are solely staff advisors in an organization.
b. customer satisfaction ANS - An example of qualitative data is:
a. product cost
b. customer satisfaction
c. net income
d. inventory cost
,e. net worth.
d. each of the other four answers. ANS - Product and service costing information is prepared for:
a. manufacturing companies with inventory.
b. merchandising companies.
c. service providers.
d. each of the other four answers.
e. manufacturing companies without inventory.
a. direct materials, direct labor, and manufacturing overhead. ANS - Manufacturing costs typically
consist of:
a. direct materials, direct labor, and manufacturing overhead.
b. production and shipping costs.
c. production and marketing costs.
d. direct materials, direct labor, and administrative costs.
e. direct materials, direct labor, marketing and administrative costs.
d. most of the costs are likely to be indirect in nature. ANS - In comparison to the traditional
manufacturing environment, overhead costs in a JIT environment all the following are true except:
, a. are more easily tracked to products.
b. are frequently direct in nature.
c. include rent, insurance and utilities.
d. most of the costs are likely to be indirect in nature.
e. labor need not be tracked to the product.
b. variable costs will vary in total. ANS - As production increases within the relevant range:
a. variable costs will vary on a per unit basis.
b. variable costs will vary in total.
c. fixed costs will vary in total.
d. fixed and variable cost stay the same in total.
e. none of the other four answers is true.
b. variable cost ANS - You are given the cost and volume information below:
Volume Cost
1 unit $ 15
10 units 150
100 units 1500
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