BUS 302L - Managerial Accounting
Exam Questions and Answers 100%
Pass
b. Managerial accountants facilitate the decision-making process within an
organization. - ✔✔Which phrase best describes the current role of the managerial
accountant?
a. Managerial accountants prepare the financial statements for an organization.
b. Managerial accountants facilitate the decision-making process within an
organization.
c. Managerial accountants make the key decisions within an organization.
d. Managerial accountants are primarily information collectors.
e. Managerial Accountants are solely staff advisors in an organization.
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,b. customer satisfaction - ✔✔An example of qualitative data is:
a. product cost
b. customer satisfaction
c. net income
d. inventory cost
e. net worth.
d. each of the other four answers. - ✔✔Product and service costing information is
prepared for:
a. manufacturing companies with inventory.
b. merchandising companies.
c. service providers.
d. each of the other four answers.
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,e. manufacturing companies without inventory.
a. direct materials, direct labor, and manufacturing overhead. - ✔✔Manufacturing costs
typically consist of:
a. direct materials, direct labor, and manufacturing overhead.
b. production and shipping costs.
c. production and marketing costs.
d. direct materials, direct labor, and administrative costs.
e. direct materials, direct labor, marketing and administrative costs.
d. most of the costs are likely to be indirect in nature. - ✔✔In comparison to the
traditional manufacturing environment, overhead costs in a JIT environment all the
following are true except:
a. are more easily tracked to products.
b. are frequently direct in nature.
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, c. include rent, insurance and utilities.
d. most of the costs are likely to be indirect in nature.
e. labor need not be tracked to the product.
b. variable costs will vary in total. - ✔✔As production increases within the relevant
range:
a. variable costs will vary on a per unit basis.
b. variable costs will vary in total.
c. fixed costs will vary in total.
d. fixed and variable cost stay the same in total.
e. none of the other four answers is true.
b. variable cost - ✔✔You are given the cost and volume information below:
Volume Cost
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Exam Questions and Answers 100%
Pass
b. Managerial accountants facilitate the decision-making process within an
organization. - ✔✔Which phrase best describes the current role of the managerial
accountant?
a. Managerial accountants prepare the financial statements for an organization.
b. Managerial accountants facilitate the decision-making process within an
organization.
c. Managerial accountants make the key decisions within an organization.
d. Managerial accountants are primarily information collectors.
e. Managerial Accountants are solely staff advisors in an organization.
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 1
,b. customer satisfaction - ✔✔An example of qualitative data is:
a. product cost
b. customer satisfaction
c. net income
d. inventory cost
e. net worth.
d. each of the other four answers. - ✔✔Product and service costing information is
prepared for:
a. manufacturing companies with inventory.
b. merchandising companies.
c. service providers.
d. each of the other four answers.
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 2
,e. manufacturing companies without inventory.
a. direct materials, direct labor, and manufacturing overhead. - ✔✔Manufacturing costs
typically consist of:
a. direct materials, direct labor, and manufacturing overhead.
b. production and shipping costs.
c. production and marketing costs.
d. direct materials, direct labor, and administrative costs.
e. direct materials, direct labor, marketing and administrative costs.
d. most of the costs are likely to be indirect in nature. - ✔✔In comparison to the
traditional manufacturing environment, overhead costs in a JIT environment all the
following are true except:
a. are more easily tracked to products.
b. are frequently direct in nature.
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 3
, c. include rent, insurance and utilities.
d. most of the costs are likely to be indirect in nature.
e. labor need not be tracked to the product.
b. variable costs will vary in total. - ✔✔As production increases within the relevant
range:
a. variable costs will vary on a per unit basis.
b. variable costs will vary in total.
c. fixed costs will vary in total.
d. fixed and variable cost stay the same in total.
e. none of the other four answers is true.
b. variable cost - ✔✔You are given the cost and volume information below:
Volume Cost
COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED 4
