MA Week 1 - Introduction

Beschreibung

Management Accounting Quiz am MA Week 1 - Introduction, erstellt von Alexis Wyatt am 11/04/2018.
Alexis Wyatt
Quiz von Alexis Wyatt, aktualisiert more than 1 year ago
Alexis Wyatt
Erstellt von Alexis Wyatt vor etwa 7 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
This graph is an example of which kind of cost?
Antworten
  • Fixed
  • Variable
  • Inventoriable
  • Period

Frage 2

Frage
This graph is an example of which kind of cost?
Antworten
  • Fixed
  • Variable
  • Inventoriable
  • Period

Frage 3

Frage
Identify which of these costs are INVENTORIABLE? Each of the following cost items pertains to one of these companies: Westinghouse (a manufacturing sector company), Kmart (a retail sector company) and Google (a service sector company)
Antworten
  • Mineral water purchased by Kmart for sale to its customers
  • Electricity used to provide lighting for assembly line workers at a Westinghouse refrigerator assembly plant
  • Depreciation on Google's computer equipment used to update directories of websites
  • Electricity used to provide lighting for Kmart's store aisles
  • Depreciation on Westinghouse's computer equipment used for quality testing of refrigerator components during the assembly process
  • Salaries of Kmart's marketing personnel planning local newspaper advertising campaigns
  • Mineral water purchased by Google for consumption by its software engineers
  • Salaries of Google's marketing personnel selling banner advertising

Frage 4

Frage
What is the purpose of management accounting?
Antworten
  • To help managers make decisions to fulfil an organisation's goals
  • To communicate organisation's financial position to investors, banks, regulators and other outside parties

Frage 5

Frage
Which is the correct value chain?
Antworten
  • Research and Development Design of products, services or processes Production Marketing Distribution Customer Service
  • Design of products and services Production Marketing Distribution Review and Assess
  • Research and Development Design of products, services or processes Assembly Distribution
  • Research and Development Production Advertising Distribution Customer Service

Frage 6

Frage
Which of these is NOT a Management Accounting Principles (CIMA)? (2)
Antworten
  • Integrity
  • Objectivity
  • Competence and due care
  • Confidentiality
  • Professional behaviour
  • Respect
  • Responsibility

Frage 7

Frage
Which of these can be cost objects?
Antworten
  • Product
  • Services
  • Project
  • Customers
  • Activity
  • Department

Frage 8

Frage
Overhead is any manufacturing cost that is not direct materials or direct labour
Antworten
  • True
  • False

Frage 9

Frage
How much does it cost to produce 2,000 boxes?
Antworten
  • $5,500
  • $5,000
  • $10,000
  • $10,500

Frage 10

Frage
How much does it cost to produce one box?
Antworten
  • $502.50
  • $2.75
  • $500
  • $2.50

Frage 11

Frage
Budget for 1,000 units How much of lighting should be distributed to each unit?
Antworten
  • $0.50
  • $500
  • $2.50
  • $3

Frage 12

Frage
Budget for 1,000 units What is the value of 2,000 units in the Finished Goods inventory?
Antworten
  • $6,000
  • $5,500
  • $5,000
  • $6,500

Frage 13

Frage
Budget for 1,000 units What is the value of 1 unit in the Finished Goods inventory?
Antworten
  • $3
  • $2.50
  • $2.75
  • $0.5
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