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BUS 302L - Managerial Accounting Exam Questions and Answers |100% Pass

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EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED FIRST PUBLISH SEPTEMBER 2024 Page 3/36 e. manufacturing companies without inventory. a. direct materials, direct labor, and manufacturing overhead. - Answer-Manufacturing costs typically consist of: a. direct ...

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  • October 3, 2024
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  • Exam (elaborations)
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  • BUS 302L
  • BUS 302L
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EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024




BUS 302L - Managerial Accounting Exam
Questions and Answers |100% Pass

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

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 Accountants are solely staff advisors in an organization.


b. customer satisfaction - Answer✔✔-An example of qualitative data is:




a. product cost


Page 1/36

,EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024




b. customer satisfaction




c. net income




d. inventory cost




e. net worth.


d. each of the other four answers. - Answer✔✔-Product and service costing information is prepared for:




a. manufacturing companies with inventory.




b. merchandising companies.




c. service providers.




d. each of the other four answers.




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,EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024


e. manufacturing companies without inventory.


a. direct materials, direct labor, and manufacturing overhead. - Answer✔✔-Manufacturing costs typically

consist of:




a. direct materials, direct labor, and manufacturing overhead.




b. production and shipping costs.




c. production and marketing costs.




d. direct materials, direct labor, and administrative costs.




e. direct materials, direct labor, marketing and administrative costs.


d. most of the costs are likely to be indirect in nature. - Answer✔✔-In comparison to the traditional

manufacturing environment, overhead costs in a JIT environment all the following are true except:




a. are more easily tracked to products.




Page 3/36

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024


b. are frequently direct in nature.




c. include rent, insurance and utilities.




d. most of the costs are likely to be indirect in nature.




e. labor need not be tracked to the product.


b. variable costs will vary in total. - Answer✔✔-As production increases within the relevant range:




a. variable costs will vary on a per unit basis.




b. variable costs will vary in total.




c. fixed costs will vary in total.




d. fixed and variable cost stay the same in total.




e. none of the other four answers is true.


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