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BUS 302L- MANAGERIAL EXAM QUESTIONS WITH 100% VERIFIED ANSWERS
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BUS 302L- MANAGERIAL EXAM QUESTIONS WITH 100% VERIFIED ANSWERS ...
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b. Managerial accountants help an organization's decision-making process. -ANSWER: Which expression best sums up the managerial accountant's current
responsibilities?
a. An organization's financial statements are prepared by managerial
accountants.
b. Managerial accountants help an organization's decision-making process.
C. Within an organization, managerial accountants are the decision-makers.
d. The main function of managerial accountants is information gathering.
e. Within an organization, managerial accountants serve only as staff advisors.
b. client satisfaction - ANSWER This is an illustration of qualitative data:
a. product price
b. client contentment
C. net worth
d. cost of inventory
,e. net worth.
d. all four of the other ANSWERs. - ANSWER Cost information for products
and services is ready for:
a. manufacturing businesses that keep stock.
b. stores that sell merchandise.
C. suppliers of services.
d. all four of the other ANSWERs.
e. manufacturing businesses without stock.
a. manufacturing overhead, direct labor, and direct materials. - ANSWER
Generally, manufacturing expenses include:
a. manufacturing overhead, direct labor, and direct materials.
b. expenses for manufacturing and delivery.
C. expenses for marketing and production.
d. administrative, direct labor, and material expenditures.
e. costs for marketing, direct labor, direct materials, and administrative
expenses.
,d. The majority of the expenses most likely have an indirect source. - ANSWER
All of the following are true regarding overhead expenses in a Just-In-Time
(JIT) context compared to a traditional production setting, except:
a. are easier to trace back to products.
b. are usually straightforward.
C. consist of utilities, insurance, and rent.
d. The majority of the expenses most likely have an indirect source.
e. Labor doesn't have to be linked to the end product.
b. Total variable expenses will differ. - ANSWER When output rises in the
pertinent range:
a. Variable expenses will change according to each unit.
b. Total variable expenses will differ.
C. Total fixed costs will differ.
d. In total, both fixed and variable costs remain constant.
e. The other four ANSWERs are all untrue.
b. variable cost - ANSWER The cost and volume details are provided below:
Volume Price
, $15 for one unit
150 units in ten
1500 units in 100 units
What kind of price is specified?
a. fixed expense
b. fluctuating price
C. step-cost
d. mixed-cost
e. cost of rent.
d. When production is nil, variable costs are also zero. - ANSWER - Which of
the following claims about fixed and variable cost graphs is accurate?
a. When expenses are constant across all data points, they can be shown as a
straight line.
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