Managerial Accounting
has no mandatory rules.
the primary objective of managerial accounting is
to provide management w/ information useful for planning and control of operations.
Which of the following is not an example of a direct materials cost
glue used to build cabinets
A variable cost in total:
increases as output increases and decreases as output decreases.
which one of the following cost is an example of manufacturing overhead cost
glue to put cabinets together
non-manufacturing cost include
marketing and administration
which of the following would not be a period cost
direct materials
which of the following would be an example of a direct materials cost
cost of an engine for an airplane
direct labor is usually a
product cost
Which of the following is Not correct about variable costs within the relevant range
It stays constant in total as output changes
Which of the following is correct about fixed costs
fixed costs per unit decrease as the output quantity increases
which one of the following would most likely be an example of a variable cost in a furniture factory
bolts and nuts used to put together tables
which one of the following is not a valid method of estimating the cost function of a mixed cost based on observations of actual output quantities and actual costs
standard deviation method
total contribution margin divided by total sales is the
contribution margin ratio
at the break even point
total contribution margin equals total fixed cost
if variable costs per unit increase, sales volume at the break even point will
increase
If fixed costs increase while holding all other variables constant, the break even point in units will
increase
Which of the following is Not a characteristic of job order costing
Unit cost is computed by dividing process costs of the period by the units produced in the period
Which method of measuring costs associated with production is more widely used in practice
normal costing
which one of the following can help a company become more competitive by providing more accurate cost data
active-based costing