Bus 302l managerial - Study guides, Class notes & Summaries

Budget - Answer The budget is a financial plan. The budgeted sales and cost data help managers plan the hotel's target profit (revenues - expenses) Manager should use budget for which? - Answer Control operations Break-even sales in units - Answer The number of units you need to sales in break-even. Break-even Point - Answer The sales level at which operating income is zero.

A company sells pretzels for $1.50/bag. Their February ending inventory was $1,600. Marketing prepares the following forecast: January 15,000 bags February 12,000 bags March 16,000 bags Total 43,000 bags Projected sales for April are 13,000 bags. Try to maintain 10% of the next month's forecasted sales in inventory. What is the projected for March? Answer> 13,000*10%= 1,300 March: 16,000 Feb ending inv: (1,600) =1,300+16,000-1,600 = 15,700 Same info as no 1. What is the sales b...

Which phrase best describes the current role of the managerial accountant? Answer> Managerial accountants facilitate the decision-making process within an organization. An example of qualitative data is: Answer> customer satisfaction Product and service costing information is prepared for Answer> -manufacturing companies with inventory. -merchandising companies. -service providers. -each of the other four answers.. -manufacturing companies without inventory. Manufacturing co...

Budgets are Answer> Used by individual, staffs, managers department. Management accountant place more emphasis on which of the following: Answer> future activities A listing of line item that the organization will use to classify its accounting information is? Answer> balance sheet The primary purpose for carrying on "cost accounting activity" is Answer> To plan operation Cost volume profit (CVP) analysis to answer which of the following Answer> ALL The amount of ove...

Budgets are - Used by individual, staffs, managers department. Management accountant place more emphasis on which of the following: - future activities A listing of line item that the organization will use to classify its accounting information is? - balance sheet The primary purpose for carrying on "cost accounting activity" is - To plan operation Cost volume profit (CVP) analysis to answer which of the following - ALL The amount of overhead applied to a product or service is n...

Which phrase best describes the current role of the managerial accountant? - Managerial accountants facilitate the decision-making process within an organization. An example of qualitative data is: - customer satisfaction Product and service costing information is prepared for - -manufacturing companies with inventory. -merchandising companies. -service providers. -each of the other four answers.. -manufacturing companies without inventory. Manufacturing costs typically consist of -...

BUS 302L Managerial Accounting exam with correct answers 2024.

b. Managerial accountants facilitate the decision-making process within an organization. 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 Accountan...

BUS 302L - Managerial Accounting question review and answered 100% correct.

BUS 302L - Managerial Accounting questions with verified answers 2024/2025