Exam (elaborations)
Bus 302L Managerial Accounting Exam | Questions and Answers Latest {} A+ Graded | 100% Verified
- Course
- Institution
Bus 302L Managerial Accounting Exam | Questions and Answers Latest {} A+ Graded | 100% Verified
[Show more]
Content preview
Bus 302L Managerial Accounting Exam | Questions and Answers Latest {2024- 2025} A+Graded | 100% Verified
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 normally calculated by. - Divide estimate
overhead by estimated units of the cost driver.
Comparing actual outcomes with budget outcomes, then following up, is a example of - controlling
activities
Which of the following is typically a starting point for the budget process? - a sales budget
Tax accounting is generally most used by: - Internal revenue service (IRS)
The term "product cost" as used in cost and managerial accounting context means. - all manufacturing
or production cost of the product
Which of the following organization would be most likely to adopt a process costing system? - paper
manufacture
, The discount rate for use in capital budgeting decision is also referred to as - the minimum required rate
of return
Which of the following is referring Management Accounting? - Is not subject to GAAP
The main purpose of management accounting is to provide information to? - Managers
The sum of direct materials plus Direct Labor is classified - Prime Cost
Zero based budget? - Require managers to build budget from the ground up
Which of the following pairs most accurately represents the ease of traceability cost? - Variable costs
and Fixed costs
Find cost volume profit (CVP) - Variable and fixed cost
Over and Under Over Head occurs when? - when either the overhead cost driver is estimated incorrectly
Chief Accounting officer in an organization is: - Controller
Financial accounting information is most generally most useful to: - External Parties
All the following are period cost except: - factory rent
Which of the following would most likely classified as direct material cost? - an engine in a custom
automobile
Pairs that most accurate for the cost volume analysis - fixed cost and variable cost
target cost + target profit - Target Pricing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller oneclass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72964 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now