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Managerial Accounting Quiz 2 (20 MCQs)

Quiz Instructions

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1. It is a process where financial reports are written
2. Which of the following statements describes the goals or objectives of an organisation? i. Profitability and growth.ii. Cost minimization and product quality.iii. Market diversification and community service.
3. Fasai Resort investment project Use an initial investment of 800, 000 baht with a forecast of net cash receipts throughout the life of the project as follows:Net cash flow Year 1 100, 000 Year 2 200, 000 Year 3 200, 000 Year 4 300, 000 Year 5 500, 000 Payback period of the project is how much?
4. The projected inflow and outflow of money for a specific period of time.
5. The inventory accounts for a manufacturing company would NOT include:
6. I'm Lecturer What
7. Cost of goods manufactured transferred to ..... ?
8. Publication of reports is compulsory, in which type of accounting?
9. The purpose of preparation of managerial accounting is to
10. A cost type classifies the purpose-driven and rated consumption of production factors within a costing area
11. A type of asset management ratio that measures the number of times during a year that a company replaces its inventory. It can be calculated by dividing the cost of merchandise sold by the average value of merchandise inventory.
12. From the Following which one of them relates to tools and techniques of cost accounting
13. Identify whether the following statement are true or false.Managerial accounting reports must follow the accounting standards and are independently audited.
14. A plan that is created using budgeted revenue and costs but is based on the actual units of output is known as as:
15. Are cost that associated with goods for sale until the time period during which the products are sold, at which time the cost become expenses.
16. Management accounting differs from financial accounting in that.....
17. Which of the following three graphics describes a cost center accounting process?
18. HCM Process
19. Yes or No:If sales become equal to net income, the company is at breakeven
20. Which is an example of fixed costs?
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