Managerial Accounting IVY software
Study online at https://quizlet.com/_i2bpqs
1. A fixed cost per unit decreases as the production level increases.
Select one:
a. TRUE
b. FALSE: a. TRUE
2. The audit function reports to the
Select one:
a. CFO
b. Board of directors
c. Both A and B
d. CEO: Both A and B
3. Which of the following items will be found in the balance sheet of a manufac-
turing company?
Select one:
a. Raw materials
b. Work in process
c. Finished goods
d. All of the above: d. All of the above
4. Managerial accounting reports are prepared for:
Select one:
a. Management
b. External parties such as creditors.
c. The Internal Revenue Service
d. None of the above: Management
5. The professional affiliation for the management accountant is the
Select one:
a. AAA
b. AICPA
c. IMA
d. None of the above: c. IMA
6. A fixed cost changes in total over increasing amounts of units produced.
Select one:
, Managerial Accounting IVY software
Study online at https://quizlet.com/_i2bpqs
a. TRUE
b. FALSE: b. FALSE
7. A variable cost per unit decreases as the production level increases.
Select one:
a. TRUE
b. FALSE: b. FALSE
8. Which area houses the largest group of management accountants?
Select one:
a. Sales
b. Marketing
c. Auditing
d. None of the above: c. Auditing
9. Costs that change in total with increased production are
Select one:
a. Fixed cost
b. Variable costs
c. Neither A nor B: b. Variable costs
10. Which of the following is not an inventoriable item?
Select one:
a. Direct materials
b. Direct labor
c. Overhead
d. None of the above. All are inventoriable items.: d. None of the above. All are inventoriable
items.
11. Anticipated overhead is $100,000 and anticipated production is 100,000
units and there were 10,000 direct labor hours used . If overhead is applied
using direct labor hours ,the overhead application rate is
Select one:
a. $1/DLH
b. $2/DLH
c. $10/DLH
d. None of the above: c. $10/DLH
Study online at https://quizlet.com/_i2bpqs
1. A fixed cost per unit decreases as the production level increases.
Select one:
a. TRUE
b. FALSE: a. TRUE
2. The audit function reports to the
Select one:
a. CFO
b. Board of directors
c. Both A and B
d. CEO: Both A and B
3. Which of the following items will be found in the balance sheet of a manufac-
turing company?
Select one:
a. Raw materials
b. Work in process
c. Finished goods
d. All of the above: d. All of the above
4. Managerial accounting reports are prepared for:
Select one:
a. Management
b. External parties such as creditors.
c. The Internal Revenue Service
d. None of the above: Management
5. The professional affiliation for the management accountant is the
Select one:
a. AAA
b. AICPA
c. IMA
d. None of the above: c. IMA
6. A fixed cost changes in total over increasing amounts of units produced.
Select one:
, Managerial Accounting IVY software
Study online at https://quizlet.com/_i2bpqs
a. TRUE
b. FALSE: b. FALSE
7. A variable cost per unit decreases as the production level increases.
Select one:
a. TRUE
b. FALSE: b. FALSE
8. Which area houses the largest group of management accountants?
Select one:
a. Sales
b. Marketing
c. Auditing
d. None of the above: c. Auditing
9. Costs that change in total with increased production are
Select one:
a. Fixed cost
b. Variable costs
c. Neither A nor B: b. Variable costs
10. Which of the following is not an inventoriable item?
Select one:
a. Direct materials
b. Direct labor
c. Overhead
d. None of the above. All are inventoriable items.: d. None of the above. All are inventoriable
items.
11. Anticipated overhead is $100,000 and anticipated production is 100,000
units and there were 10,000 direct labor hours used . If overhead is applied
using direct labor hours ,the overhead application rate is
Select one:
a. $1/DLH
b. $2/DLH
c. $10/DLH
d. None of the above: c. $10/DLH
