3. Cost Behavior, Cost Forecasting, and Segmented Income Statements.
i i i i i i i i
WHERE Does Managerial Accounting Come From?
i i i i i
4. Job-Order Costing and Normal Cost (Overhead Application).
i i i i i i i
5. Activity-Based Costing and Management
i i i i
6. Process Costing.
i i
HOW Is Managerial Accounting USED for Decision Making?
i i i i i i i
7. Cost-Volume-Profit Analysis.
i i
8. Tactical Decision Making and Relevant Costing.
i i i i i i
9. Profit Planning and Flexible Budgets.
i i i i i
10. Standard Costing and Variance Analysis.
i i i i i
11. Performance Evaluation and Decentralization.
i i i i
12. Capital Investment Decisions.
i i i
13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, Int
i i i i i i i i i i i
ernational Issues, Enterprise Risk Management, The Managerial Accountant in Forensic/Fraud A
i i i i i i i i i i
ccounting
14. Statement of Cash Flows.
i i i i
15. Financial Statement Analysis.
i i i
Pagei2
,Chapi 01_8e_Mowen
Answers at the end of each chapter
i i i i i i
Indicatei whetheri thei statementi isi truei ori false.
i i 1.iAicostiaccountantiwouldinormallyioccupyiaistaffipositioniwithinianiorganization.
a. True
b. False
i
i 2.iTheifouriemphasizediareasiofitheiCMAiexaminationireflectitheineedsiofimanagerialiaccountingiandihighlight
thatimanagerialiaccountingihasimoreiofianiinterdisciplinaryiflavorithaniotheriareasiofiaccounting.
i
a. True
b. False
i i 3.iManagementiaccountingiinformationiisiusedionlyibyimanufacturingiorganizations.
a. True
b. False
i i 4.iPositionsithatihaveidirectiresponsibilityiforitheibasiciobjectivesiofianiorganizationiareireferreditoiasilineipositions.
a. True
b. False
i i 5.iVirtuallyiallimanagerialiaccountingipracticesiwereidevelopeditoiassistimanagersiinimaximizingiprofits.
a. True
b. False
i i 6.iManagerialiaccountingiisidesignediprimarilyiforiinternaliusers.
a. True
b. False
i i 7.iManagerialiaccountingiinformationiisinotiimportantiforinot-for-profitiorganizations.
a. True
b. False
i i 8.iTimeiisinotiaicrucialielementiinialliphasesiofitheivalueichain.
a. True
b. False
i i 9.iActivity-
basedicostingiisiailessidetailediapproachitoideterminingitheicostiofigoodsiandiservicesithanitraditionalicostiaccounting
.
a. True
b. False
i
i 10.iAmeliaicompareditheibudgetedispendingionilaboriandimaterialsiusediiniproductionitoitheiactualispendingionila
boriandimaterialsiusediiniproduction.iLaborispendingiwasihigherithaniexpected.iAmeliaiemailediRobbieitoidiscussithisi
outcome.iThisiisiaimanagerialiaccounting-orientediissue.
a. True
b. False
Pagei3
, Name: Class: Date:i
Chapi 01_8e_Mowen
i i 11.iTheipurposeiofitheiCertificateiiniPubliciAccountingiisitoiprovideiminimaliprofessionaliqualificationiforiexternaliauditors.
a. True
b. False
i i 12.iExcellenticustomeriserviceiisianiexampleiofiaivalue-addediactivity.
a. True
b. False
i i 13.iGAAPigovernsifinancialiaccounting.
a. True
b. False
i i 14.iManagerialiaccountingiemphasizesitheifuture.
a. True
b. False
i
15.iTheivalueichainiisitheisetiofiactivitiesirequireditoidesign,idevelop,iproduce,imarket,iandideliveriproductsian
i
diservicesitoicustomers.
a. True
b. False
i i 16.iTheibeliefithatieachimemberiofiaigroupibearsinoiresponsibilityiforitheiwell-
beingiofiotherimembersiisiaicommoniprincipleiunderlyingialliethicalisystems.
a. True
b. False
i i 17.iTheiprocessiofichoosingiamongicompetingialternativesiisicalledidecisionimaking.
a. True
b. False
i
18.iTheimanagerialiactivityiofimonitoringiaiplan'siimplementationianditakingicorrectiveiactioniasineedediisireferr
i
editoiasidecisionimaking.
a. True
b. False
Indicatei thei answeri choicei thati besti completesi thei statementi ori answersi thei question.
i i 19.iWhichiofitheifollowingiwouldinormallyiholdiailineiposition?
a. Staffiaccountant
b. Purchasingimanager
c. Generalimanager
d. Costiaccountant
Pagei4
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