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Test Bank for Managerial Accounting: The Cornerstone of Business Decision Making, 8th Edition by (Mowen/Hansen/Heitger), ISBN: 9780357715345, All 15 Chapters Covered, Verified Latest Edition £12.68   Add to cart

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Test Bank for Managerial Accounting: The Cornerstone of Business Decision Making, 8th Edition by (Mowen/Hansen/Heitger), ISBN: 9780357715345, All 15 Chapters Covered, Verified Latest Edition

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Test Bank for Managerial Accounting: The Cornerstone of Business Decision Making, 8th Edition by (Mowen/Hansen/Heitger), ISBN: 9780357715345, All 15 Chapters Covered, Verified Latest Edition Test Bank for Managerial Accounting: The Cornerstone of Business Decision Making, 8th Edition by (Mowen/Hans...

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TEST BANK
Managerial Accounting: The Cornerstone of Business Decision Making,

8th Edition, Mowen, Hansen, Heitger Chapters 1 - 15




Pageg1

,Table of Contents g g




WHY Is Managerial Accounting Important?
g g g g


1. Introduction to Managerial Accounting.
g g g g


2. Basic Managerial Accounting Concepts.
g g g g




WHAT Is Managerial Accounting?
g g g


3. Cost Behavior, Cost Forecasting, and Segmented Income Statements.
g g g g g g g g




WHERE Does Managerial Accounting Come From?
g g g g g


4. Job-Order Costing and Normal Cost (Overhead Application).
g g g g g g g


5. Activity-Based Costing and Management
g g g g


6. Process Costing.
g g




HOW Is Managerial Accounting USED for Decision Making?
g g g g g g g


7. Cost-Volume-Profit Analysis.
g g


8. Tactical Decision Making and Relevant Costing.
g g g g g g


9. Profit Planning and Flexible Budgets.
g g g g g


10. Standard Costing and Variance Analysis.
g g g g g


11. Performance Evaluation and Decentralization.
g g g g


12. Capital Investment Decisions.
g g g


13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting
g g g g g g g g g g


, International Issues, Enterprise Risk Management, The Managerial Accountant in Forensic/Fr
g g g g g g g g g g


aud Accounting
g


14. Statement of Cash Flows.
g g g g


15. Financial Statement Analysis.
g g g




Pageg2

,Chapg 01_8e_Mowen

Answers at the end of each chapter
g g g g g g




Indicateg whetherg theg statementg isg trueg org false.
g g 1.gAgcostgaccountantgwouldgnormallygoccupygagstaffgpositiongwithingangorganization.
a. True
b. False

g
g 2.gThegfourgemphasizedgareasgofgthegCMAgexaminationgreflectgthegneedsgofgmanagerialgaccountinggandg

highlightgthatgmanagerialgaccountingghasgmoregofganginterdisciplinarygflavorgthangothergareasgofgaccounting.
a. True
b. False

g g 3.gManagementgaccountingginformationgisgusedgonlygbygmanufacturinggorganizations.
a. True
b. False

g g 4.gPositionsgthatghavegdirectgresponsibilitygforgthegbasicgobjectivesgofgangorganizationgaregreferredgtogasglinegpositions.
a. True
b. False

g g 5.gVirtuallygallgmanagerialgaccountinggpracticesgweregdevelopedgtogassistgmanagersgingmaximizinggprofits.
a. True
b. False

g g 6.gManagerialgaccountinggisgdesignedgprimarilygforginternalgusers.
a. True
b. False

g g 7.gManagerialgaccountingginformationgisgnotgimportantgforgnot-for-profitgorganizations.
a. True
b. False

g g 8.gTimegisgnotgagcrucialgelementgingallgphasesgofgthegvaluegchain.
a. True
b. False

g g 9.gActivity-
basedgcostinggisgaglessgdetailedgapproachgtogdetermininggthegcostgofggoodsgandgservicesgthangtraditionalgcostgac
counting.
a. True
b. False
g
g 10.gAmeliagcomparedgthegbudgetedgspendinggonglaborgandgmaterialsgusedgingproductiongtogthegactualgspendi

nggonglaborgandgmaterialsgusedgingproduction.gLaborgspendinggwasghighergthangexpected.gAmeliagemailedgRobbi
egtogdiscussgthisgoutcome.gThisgisgagmanagerialgaccounting-orientedgissue.
a. True
b. False

Pageg3

, Name: Class: Date:g

Chapg 01_8e_Mowen

g
g 11.gThegpurposegofgthegCertificategingPublicgAccountinggisgtogprovidegminimalgprofessionalgqualificationgforge

xternalgauditors.
a. True
b. False

g g 12.gExcellentgcustomergservicegisgangexamplegofgagvalue-addedgactivity.
a. True
b. False

g g 13.gGAAPggovernsgfinancialgaccounting.
a. True
b. False

g g 14.gManagerialgaccountinggemphasizesgthegfuture.
a. True
b. False
g
15.gThegvaluegchaingisgthegsetgofgactivitiesgrequiredgtogdesign,gdevelop,gproduce,gmarket,gandgdelivergpr
g

oductsgandgservicesgtogcustomers.
a. True
b. False

g g 16.gThegbeliefgthatgeachgmembergofgaggroupgbearsgnogresponsibilitygforgthegwell-
beinggofgothergmembersgisgagcommongprinciplegunderlyinggallgethicalgsystems.
a. True
b. False

g g 17.gThegprocessgofgchoosinggamonggcompetinggalternativesgisgcalledgdecisiongmaking.
a. True
b. False
g
g 18.gThegmanagerialgactivitygofgmonitoringgagplan'sgimplementationgandgtakinggcorrectivegactiongasgneededgi

sgreferredgtogasgdecisiongmaking.
a. True
b. False

Indicateg theg answerg choiceg thatg bestg completesg theg statementg org answersg theg question.
g g 19.gWhichgofgthegfollowinggwouldgnormallygholdgaglinegposition?
a. Staffg accountant
b. Purchasinggmanager
c. Generalgmanager
d. Costgaccountant




Pageg4

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