This quiz works best with JavaScript enabled. Home > Finance > Accounting > Management Accounting > Management Accounting – Quiz 44 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Management Accounting Quiz 44 (11 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. When you start a new job, you fill out a W-4 form to ..... A) File your tax return. B) To determine how much income tax your employer should withhold from your paychecks. C) Avoid paying income taxes on your paychecks. D) Determine how much your gross pay should be. Show Answer Correct Answer: B) To determine how much income tax your employer should withhold from your paychecks. 3. 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) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. 4. 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. 5. The statements are produced for external users A) Financial Accounting. B) Management Accounting. Show Answer Correct Answer: A) Financial Accounting. 6. 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. 7. 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) $ 11.10. C) $ 11.30. D) $ 12.10. Show Answer Correct Answer: D) $ 12.10. 8. The master budget reflects the impact of operating decisions, but not financing decisions. A) True. B) False. Show Answer Correct Answer: B) False. 9. 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) FALSE. B) TRUE. Show Answer Correct Answer: B) TRUE. 10. Repairs to premises A) Capital Expenditure. B) Revenue Expenditure. Show Answer Correct Answer: B) Revenue Expenditure. 11. Management accounting including financial accounting; costing includes bookkeeping A) True. B) False. Show Answer Correct Answer: B) False. ← PreviousRelated QuizzesAccounting QuizzesFinance QuizzesManagement Accounting Quiz 1Management Accounting Quiz 2Management Accounting Quiz 3Management Accounting Quiz 4Management Accounting Quiz 5Management Accounting Quiz 6Management Accounting Quiz 7Management Accounting Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books