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Managerial Accounting Quiz 12 (30 MCQs)

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1. At California Pizza Kitchen, indirect costs include items such as depreciation on the ovens used to bake the pizzas as well as the costs of utilities, advertising, and plant supervision.
2. If initial budgets prove unacceptable, planners achieve the MOST benefit from:
3. Beginning inventory in units 1, 200Sales budgeted for the quarter 426, 000Capacity in units of production facility 472, 000 How many finished goods units should be produced during the quarter if the company desires 3, 200 units available to start the next quarter?
4. Investors, creditors and regulators are the primary users of managerial accounting information.
5. The cost center represents an organizational unit within a costing area and specifies a set of locations for cost incurrence
6. The form used in job-order costing to record the amount of labor hours contributed to a production of a particular job
7. Total costs is calculated as
8. It is known that BBB Rp. 500BTKL Rp. 300BOP Rp. 200B. Marketing Rp. 100B. ADM Rp. 50What are the production costs?
9. A sacrifice made to obtain some benefit is a(n)
10. The difference between the cost of products sold and the net sales is what?
11. Management Accounting is useful for helping management to carry out its main functions, namely:
12. Raw materials costs are usually viewed as ..... costs.
13. Why is budgeting important?
14. Which one of the following is not a cost element in manufacturing a product?
15. Indirect costs cannot easily be traced to the cost object
16. The production budget shows expected unit sales of 32, 000. Beginning finished goods units are 3, 600. Required production units are 33, 600. What are the desired ending finished goods units?
17. Any cost that cannot be traced back to a product
18. Which of the following cost accounting systems assigns manufacturing costs to a product or batches of products and is ideal for companies which produce unique products?
19. Sales commissions are classified as
20. Preparing a budget includes
21. These activities include transactions and events that affect net income.
22. Costs are considered an ..... circumstance; whereas economic conditions and degree of competition are ..... circumstances
23. Identify whether the item being described by the statement is Competence, Confidentiality, Credibility or Integrity: "Refrain from using information for unethical or illegal advantage."
24. As total volume increases, unit fixed cost
25. The number of completed units in a specific period of time in process accounting.
26. The roles of managerial accountant includes:
27. Managerial accounting is a branch of financial accounting and serves essentially the same purposes as financial accounting.
28. The volume variance for fixed overhead is an activity-related variance based on the difference between the denominator level of activity and the standard level of activity allowed for the output of a period.
29. Is the following direct labor, direct materials, manufacturing overhead, or period costs?$ 210, 000 in advertising costs.
30. The type or branch of accounting that generates reports for the use of external users such as creditors, investors and government agencies is known as:
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