Bus 302L Managerial Accounting Exam Study Guide with Complete Solutions
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Course
BUS 302L
Institution
BUS 302L
Bus 302L Managerial Accounting Exam
Study Guide with Complete Solutions
Budgets are - Answer-Used by individual, staffs, managers department.
Management accountant place more emphasis on which of the following: - Answer-future activities
A listing of line item that the organization will use to ...
Which of the following organization would be most likely to adopt a process costing system? -
Answer✔✔-paper manufacture
The discount rate for use in capital budgeting decision is also referred to as - Answer✔✔-the minimum
required rate of return
Which of the following is referring Management Accounting? - Answer✔✔-Is not subject to GAAP
The main purpose of management accounting is to provide information to? - Answer✔✔-Managers
The sum of direct materials plus Direct Labor is classified - Answer✔✔-Prime Cost
Zero based budget? - Answer✔✔-Require managers to build budget from the ground up
Which of the following pairs most accurately represents the ease of traceability cost? - Answer✔✔-
Variable costs and Fixed costs
Find cost volume profit (CVP) - Answer✔✔-Variable and fixed cost
Over and Under Over Head occurs when? - Answer✔✔-when either the overhead cost driver is
estimated incorrectly
Chief Accounting officer in an organization is: - Answer✔✔-Controller
Financial accounting information is most generally most useful to: - Answer✔✔-External Parties
All the following are period cost except: - Answer✔✔-factory rent
Which of the following would most likely classified as direct material cost? - Answer✔✔-an engine in a
custom automobile
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