This quiz works best with JavaScript enabled. Home > Accounting > Management Accounting > Management Accounting – Quiz 67 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Management Accounting Quiz 67 (17 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... is concerned with identifying the root causes of activity costs. A) Direct analysis. B) Activity analysis. C) Driver analysis. D) Causal analysis. Show Answer Correct Answer: C) Driver analysis. 2. STATEMENTS BELOW ARE THE USE OF ENVIRONMENTAL COST, EXCEPT ..... A) Prevent or reduce waste materials and pollution. B) Comply with environmental regulations and company policies. C) Failure to comply with environmental regulations and policies. D) To calculate the loss cause of environment damage. Show Answer Correct Answer: D) To calculate the loss cause of environment damage. 3. When the accountant shows false information in financial statement to lure the investors it is known as A) Mercantile Accounting. B) Window Dressing. C) Money Measurement Concept. D) None of the above. Show Answer Correct Answer: B) Window Dressing. 4. Summary of problems faced by PT IP in determining pricing A) Prices are based on RKAP. B) Subholdingsasi. C) Business sector competency. D) Cost Behaviour. Show Answer Correct Answer: A) Prices are based on RKAP. 5. I. Management Accounting-There are no regulations governing the reportII. Management Accounting-The reports are generally delayedIII. Financial Accounting-Caters all purpose reports.IV. Financial Accounting-Precision is emphasized. A) One of the above statements is correct. B) Two of the above statements are correct. C) Three of the above statements are correct. D) All of the given statements are correct. Show Answer Correct Answer: C) Three of the above statements are correct. 6. When managers set and measure target levels of performance and feedback: A) The historical-cost-based accounting measures are usually adequate for evaluating economic returns on new investments. B) The historical-cost ROIs cannot be used to evaluate current performance. C) The timing of feedback is not dependent on the sophistication of the organization's information technology. D) How critical the information is for success of the organization and the management level receiving the feedback. Show Answer Correct Answer: D) How critical the information is for success of the organization and the management level receiving the feedback. 7. Management Accounting (MA), to provide information necessary for thedecisions A) To planning and controlling. B) Related to cost analysis and reduction. C) By analyzing expenses and revenue. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. When you start a new job, you fill out a W-4 form to ..... A) Determine how much your gross pay should be. B) File your tax return. C) Avoid paying income taxes on your paychecks. D) To determine how much income tax your employer should withhold from your paychecks. Show Answer Correct Answer: D) To determine how much income tax your employer should withhold from your paychecks. 9. Retained profit This shows how much of the net profit after interest and tax is kept by the business for its own use, such as reinvesting it in the company or to expand the business. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 10. Decentralization is another form of organizational structure that functions by delegating decision-making capabilities to multiple teams across geographies. A) True. B) False. Show Answer Correct Answer: A) True. 11. The statements are produced for external users A) Financial Accounting. B) Management Accounting. Show Answer Correct Answer: A) Financial Accounting. 12. If Assets are $ 17, 300 and Liabilities are $ 6, 300, how much is Capital? A) $ 11, 000. B) $ 17, 300. C) $ 23, 600. D) None of above. Show Answer Correct Answer: A) $ 11, 000. 13. Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $ 121, 000 and 10, 000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $ 113, 000 and 10, 900 total direct labor-hours during the period. The predetermined overhead rate is closest to: A) $ 10.37. B) $ 12.10. C) $ 11.10. D) $ 11.30. Show Answer Correct Answer: B) $ 12.10. 14. The master budget reflects the impact of operating decisions, but not financing decisions. A) True. B) False. Show Answer Correct Answer: B) False. 15. The gross profitmightseem appealing, but if the expensesare higher than the gross profit, the business makes an overall loss. Clearly, a business cannot survive for long without making any actual profit. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 16. Repairs to premises A) Capital Expenditure. B) Revenue Expenditure. Show Answer Correct Answer: B) Revenue Expenditure. 17. Management accounting including financial accounting; costing includes bookkeeping A) True. B) False. Show Answer Correct Answer: B) False. ← PreviousRelated QuizzesAccounting QuizzesManagement Accounting Quiz 1Management Accounting Quiz 2Management Accounting Quiz 3Management Accounting Quiz 4Management Accounting Quiz 5Management Accounting Quiz 6Management Accounting Quiz 7Management Accounting Quiz 8Management Accounting Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books