管理会计选择题

管理会计

Chapter1 1. A. How is management accountable to the owners of the company?

Providing goods and services at a reasonable price Providing a safe work environment Making loan payments Providing a return on investments characteristics of financial accounting (F) or

B. C.

D. 2.Indicate whether the following are management accounting (M). Primary users are investors and stakeholders

The focus is on relevance of the information and looking towards the future Concern exists on how information affects employees

Rules are prescribed by Generally Accepted Accounting Principles (GAAP) Reports are usually summarized and prepared on a quarterly or annual basis 3. A. C. 4.

Which of the following is NOT a current A shift to a product-based economy Just-in-time management Identify the following as product or Cost of inventory items business trend B. Global competition D. Total quality management period costs for a merchandiser:

Advertising Salaries

product period period product period

Freight-in Delivery expense Which of the following is an inventory account of a manufacturing company? A. Direct materials B. Work in process C. Finished goods D. All of the above Which of the following is an indirect cost of a manufacturer? A. Direct material B. Direct labor

C. Manufacturing overhead

D. All of the above

Which inventory account is used to compute Cost of goods sold for a manufacturer? A. Direct materials B. Work in process C. Finished goods D. Merchandise inventory What is the difference between “ total manufacturing costs incurred ”and “ cost of goods 5. 6. 8. 9. manufactured ” ?

A. B. C. D. The change in Work in process inventory. Total manufacturing costs does not include manufacturing overhead. Cost of goods manufactured only includes direct costs.

There is no difference. 10. Which of the following is a required ethical standard of the Institute of

Management Accountants? Maximization of profit

Efficiency A. C. B. Productivity D. Integrity 答案： 1.D 3.A 5.D 6.C 8.C 8.A 10.D

Chapter3

1.

A.

B.

C. Activity-based costing: determines a cost driver for each production activity. is less accurate than using a predetermined overhead application rate. is less common in a competitive business environment. is all of the above.

Under ABC, which of the following would be a reasonable cost driver for materials

D.

2. handling?

A.

3.

A.

4. Direct labor hours B. Machine hours C. Number of parts D. Square feet of warehouse What types of decisions are made with activity-based management?

Pricing B. Product mix C. Cost cutting D. All of the above This method of pricing begins with the amount customers are willing to pay and

subtracts desired profit to determine the desired cost. A. C.

5.

A.

B.

C.

D.

6.

A.

B.

C.

D. Traditional costing B. Target pricing

Market-based costing D. Price profit analysis

Which of the following is NOT a characteristic of just-in-time (JIT) production? Small quantity of materials on hand

Machines and workers grouped in “ cells” Strong relationship with suppliers Minimization of lost sales

What is unique about accounting for product costs in a JIT system? Costs aren' t recorded until the goods are complete.

Manufacturing overhead is not allocated to goods. Cost of goods sold is an estimate.

All of the above are true.

7.

A.

C.

8.

A.

9.

A. Continuous improvement is an essential piece of which management approach?

Profit maximization B. Total quality management

Autocratic approach D. Efficiency model

Which of the following of the four quality costs is likely to be the most

Prevention B. Appraisal C. Internal failure Product testing is an example of

which quality cost? Prevention

expensive?

D. External failure

B.

C.

D.

10.

A.

B.

C. Appraisal

Internal failure

External failure

Training personnel is an example of which quality cost? Prevention

Appraisal

Internal failure

D.

1.A External failure

2.C

3.D

4.B

5.D

6.A

7.B

8.D

9.B 10.A

Chapter 5

1.

A. 2. A.

Which of the following is most likely a variable cost? Factory rent B. Property taxes C. Depreciation D. Sales commissions This type of cost per unit remains constant, while the total cost increases with activity. Variable B. Fixed C. Mixed D. Semi-variable 3. A. 4. A. 5. This type of unit cost decreases with activity, but the total cost remains constant. Variable B. Fixed C. Mixed D. Semi-variable Which of the following would most

likely be a mixed cost? Direct labor B. Straight-line depreciation C. Utilities D. Office salaries The simplest method to split a mixed cost into its fixed and variable components is

called: fixed-variable separation. B. high-low method. multiple regression. D. breakeven analysis. Which of the following is an assumption of CVP analysis? Costs can be classified as either fixed or variable. A. C. 6. A.

B. C. D.

7. A.

C. 8. Volume is the only factor that impacts costs. Fixed costs don ' t change. All of the above are true. The sales level where net income equals zero is called: the break even point. B. zero sum sales. net loss.

D. deficit earnings. Excess sales over breakeven sales is referred to as: A.

B. C. D. 9. A. B. C. D. 10. A.

B. C. absorption potential. margin of safety. margin of error. contribution margin. An increase in total fixed costs would:

increase contribution margin and increase the break even

point. increase the break even point only.

increase contribution margin and decrease the break even

point. decrease contribution margin and increase the break even

point. Contribution margin equals:

sales - variable costs.

sales - fixed costs.

fixed costs - variable costs. D. 1.D sales - variable costs - fixed costs

2.A

3.B

4.C

5.B

6.D

7.A

8.B

9.B 10.A

Chapter 6

1. A. C.

2. A. C.

3. A.

4. A.

5. Which approach assigns both variable and fixed manufacturing costs to products?

Absorption costin B. Variable costing Neither absorption nor variable costing D. Both absorption and variable costing

Which approach assigns variable manufacturing costs to products? Absorption costing Neither absorption nor variable costing Sales revenue minus Cost of goods sold equals? Contribution margin B. Operating income

B. Variable costing

D. Both absorption and variable costing C. Gross profit D. Product profit Sales revenue minus Variable cost of goods sold equals? Product profit B. Gross profit C. Contribution margin Assuming no beginning inventory, if production

is greater than sales, which of the following is TRUE? D. Operating income A. B. Ending inventory would be lowest under absorption costing

Ending inventory would be highest under variable costing Operating income would be highest under variable costing Operating income

would be highest under absorption costing Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed

C. D. 6. manufacturing costs of $100,000. Add-it-up produced 10,000 calculators in June and sold 9,000. COGS using absorption costing? What is Add-it-up ' s A. $300,000B. $270,000 C. $280,000 D. $180,000 7. Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed manufacturing costs of $100,000.

Add-it-up produced 10,000 calculators in June and sold 9,000. What is Add-it-up COGS using variable costing?

A. $300,000

B. $270,000

C. $280,000

D. $180,000

8. Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed manufacturing costs of $100,000.

Add-it-up produced 10,000 calculators in June and sold 9,000. ending inventory using absorption costing? A. $0 B. $31,110 9. Add-it-up Co. has

variable manufacturing manufacturing costs of $100,000. What is Add-it-up ' s D. $20,000 C. $30,000 costs of $20 per calculator and fixed Add-it-up produced 10,000 calculators in June and sold 9,000. What is Add-it-up ending inventory using variable costing?

A. 10. A.

B.

C.

D. 1.A $0 B. $31,110 Which statement is most correct? GAAP requires absorption costing. Absorption costing is more in-line with JIT inventories. Variable costing is preferred by financial accountants. Variable costing

allows “ hiding ” of costs in inventory. 2.D 3.C 4.C 5.D 6.B 7.D C. $30,000 D. $20,000 8.C 9,.D 10.A

Chapter 7

1. A. C.

2. A. C.

3. A.

B. C. D. 4. A. C. 5. A. B. C. D. 6. Which of the following is NOT a benefit of budgeting? It forces managers to plan. B. It promotes communication. It provides a benchmark. D. It guarantees profitability. Which budget is considered the cornerstone of the master budget? The sales budget B. The production budget The capital expenditures budget D. The cash budget Which of the following is the correct order to calculate budgeted production? Beginning inventory + Production - Ending inventory Budgeted sales+ Ending inventory - Beginning inventory Ending inventory - Budgeted sales+ Beginning inventory Budgeted sales + Beginning inventory + Ending inventory Which budgets make up the financial budget? Cash budget B. Budgeted balance sheet Budgeted income statement D. All of the above Which of the following is correct?

The direct labor budget is prepared before the production budget. The direct materials budget is prepared after the ending finished goods inventory budget. The production budget is prepared before the manufacturing overhead budget. None of the above are correct. A company plans to sell 1,000 CD players in June and 2,000 in July, with an average sales price of $20. They collect 30% in the month of sale and 70% in the month following the sale.

A. C. How much cash is collected from customers in July? $26,000

B. $14,000 $28,000 D. $ 6,000

A company ' s direct materials budget shows $50,000 in direct materials purchases for 7. April and $60,000 for May. The company pays 60% in the month of purchase and 40% in the month following the sale. How much were cash payments for direct materials in May? A. $56,000 B. $54,000 C. $66,000 D. $30,000 8. Which of the following will NEVER appear on a cash budget? A. Rent paid B. Depreciation C. Cash paid for manufacturing overhead D. Advertising paid 9. The budgeted income statement shows:

A.

budgeted cost of goods sold. B. cash payments for direct materials. C. cash payments for dividends.

D. all of the above.

10. Sensitivity analysis: A. allows managers to perform what-for

analysis . B. allows managers to predict stock markets. C. is a function performed by the human resource department.

D.

is none of the above. 1.D 2.A 3.B 4.D 5.C 6.A 7.A 8.B 9.A 10.D

Chapter 8

1. A. B. C. A flexible budget:

is prepared for different activity levels.

separates variable costs from fixed costs.

shows variances as favorable or

unfavorable. is all of the above.

If the flexible budget sales amount is greater than the amount on the master

(static)

D. 2. budget, the result is a(n): A. B. C. D. 3. A. B.

C. D. 4. A. B. C. D. 9.

A.

B.

favorable sales volume variance. unfavorable sales volume variance.

favorable flexible budget variance. unfavorable flexible budget variance.

If a company was trying to improve its labor quantity variance, it would:

consider pay rates.

eliminate fringe benefits. use time-and-motion studies. do all of the above.

Over which variance do production managers have the least control? Direct

material quantity variance Direct materials price variance Direct labor

quantity variance Direct labor price variance

Which overhead variance shows how well managers controlled overhead costs?

Total overhead variance Overhead flexible budget variance Overhead

production volume variance

Overhead price variance

When a company uses a standard cost accounting system, for which amount is

when purchases are made?

C. D.

10. Materials inventory account debited A. the

B. C.

Standard quantity x standard price A

ctual quantity x actual price Standard

quantity x actual price A ctual quantity x standard price In a standard

costing income, how would D. 11. Cost of goods sold? A. B. C. 1.D Increase

Decrease

No effect 2.A 3.C 4.D 9.B an unfavorable labor price variance affect

10.D 11.A

Chapter 9

1. A.

2. A. C.

3. A. C.

4. Which of following is NOT a service department?

Payroll B. Physical Plant C. Graphic Services A Service department:

usually generates no revenues. B. provides repairs for customers. allocates revenues to shared resources.

D. does all of the above. Which of the following would be the best choice for allocating shared facilities costs? Relative operating expenses B. Number of hours of use Number of employees D. None of the above Which allocation base may a company use if cost data are not available or are too costly D. DVD Profit Center to collect? A. B. Relative amount of operating income Neither A nor B D. Either A or B

Tool Warehouse ' s payroll division services the wrench and the hammer departments. Relative amount of revenue C. 5. The wrench department has 4 employees and the hammer department has 6 employees. The payroll division incurred $10,000 in costs. How much shared payroll cost will be allocated if costs are shared based on number of employees? A. B.

C. D. 6. $4,000 to the hammer department $4,000 to the wrench department $6,000 to the wrench department $10,000 to the wrench department Tool Warehouse ' s payroll division

services the wrench and the hammer departments. The wrench department has 35 and the hammer department has 65 employee requests per month. The payroll division incurred $10,000 in costs. How much shared payroll cost will be allocated if costs are shared based on number of requests? A. B. C. D. $6,500 to the hammer department $6,500 to the wrench department $3,500 to the hammer department $10,000 to the hammer department Which of the following is a system for evaluating the performance of a manager of a

7. cost, revenue, profit, or investment center? A. Budget accounting B. Responsibility accounting

Variance accounting D. None of the above The manager of this type of responsibility center focuses on increasing sales revenue C. 8. and controlling costs. This is a(n): A. cost center. B. revenue center. C. profit center. D. investment center

9. The type of responsibility center that primarily focuses on keeping expenses down is a(n): A. 10. A. 1.D B. revenue center. C. profit center. D. investment center. The manager of this type of responsibility center has a goal of increasing economic value added. This is a(n): cost center. B. revenue center. C. profit center. D. investment center

2.A

3.B

4.D

5.B

6.A

7.B

8.C

9.A 10.D cost center.