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Accounting Topic 1

stevensae 60 preguntas 5,0 (1 valoración) Actualizado el 16 ago 2017

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Preguntas del test (60)

  1. 1The primary users of management accounting information are typically:
    1. APoliticians, Bankers, and the IRS
    2. BShareholders and others who can use it to sue the corporation and get rich
    3. CManagers within the organization
    4. Dall stakeholders of the organization
    5. Eall of the above
  2. 2The Management Accountants' Ethics code states that when faced with significant ethical issues, management accountants should first:
    1. Adiscuss such problems with the President of the organization except when it appears that the President is involved.
    2. Bclarify relevant concepts by confidential discussion with an objective advisor to obtain an understanding of possible courses of action.
    3. Cfollow the established policies of the organization bearing on the resolution of such conflict.
    4. Dsubmit and informative memorandum describing the ethical issue to an appropriate representative of the organization and resign if no action is taken as a result of the memorandum
  3. 3Managerial accounting:
    1. Ahas its primary emphasis on the future
    2. Bis required by regulatory bodies such as SEC
    3. Cfocuses on the organization as a whole, rather than on the organization's segments.
    4. Dall the above.
  4. 4The three basic elements of manufacturing cost are:
    1. Acost of goods manufactured
    2. Bcost of goods sold
    3. Cwork in process
    4. Dmanufacturing overhead
    5. Edirect material
    6. Fdirect labor
  5. 5Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following?
    1. AProduct cost
    2. Bmanufacturing overhead
    3. Cperiod cost
    4. Dadministrative cost
  6. 6Cost of goods manufactured will usually include
    1. Aonly costs incurred during the current period
    2. Bonly direct labor and direct materials costs
    3. Csome costs incurred during the prior period as well as costs incurred during the current period
    4. Dsome period costs as well as some product costs
  7. 7which one of the following costs should NOT be considered an indirect cost of serving a particular customer at a Dairy Queen fast food outlet?
    1. Aa cost of the hamburger patty in the burger they ordered
    2. Bthe wages of the employee who takes the customer's order
    3. Cthe cost of heating and lighting the kitchen
    4. Dthe salary of the outlet's manager
  8. 8The cost of goods sold in a merchandising company typically would be classified as a
    1. Afixed cost
    2. Bvariable cost
    3. Cstep-variable cost
    4. Dmixed cost
  9. 9The contribution approach to the income statement:
    1. Aorganizes costs on a functional basis
    2. Bis useful to managers in planning and decision making
    3. Cshows a contribution margin rather than a net operating income figure at the bottom of the statement
    4. Dcan be used only by manufacturing companies
  10. 10On a cost-volume-profit graph, the break-even point is located
    1. Aat the origin
    2. Bwhere the total revenue line intersects the volume axis
    3. Cwhere the total expenses line intersects the dollars axis
    4. Dwhere the total revenue

Información

Descripción
202 accounting Test sobre Accounting Topic 1, creado por stevensae el 03/05/2015.
Idioma
English
Visitas
417
Historial
Creado el 3 may 2015 · actualizado el 16 ago 2017
Valoración
5,0 de 5 · 1 valoración
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