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Bus 302L Managerial Accounting Exam | Questions and Answers Latest {} A+ Graded | 100% Verified
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Bus 302L Managerial Accounting Exam | Questions and Answers Latest {} A+ Graded | 100% Verified
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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
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