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Exam (elaborations)

Fundamental Managerial Accounting Concepts 10th Edition Test Bank | Edmonds

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This test bank for Fundamental Managerial Accounting Concepts, 10th Edition by Edmonds is designed to help students prepare effectively for exams, quizzes, and assignments. The document includes a wide range of practice questions and answers covering key managerial accounting topics commonly tested in undergraduate and diploma programs. Topics addressed include cost behavior, job order costing, process costing, budgeting, variance analysis, cost-volume-profit analysis, and performance evaluation. The questions are structured to support both learning and exam revision, making this resource suitable for self-study or instructor-guided review. This document is 100% original, plagiarism-free, and professionally formatted for easy navigation. It is ideal for accounting students seeking additional exam practice, instructors creating assessments, or learners aiming to strengthen their understanding of managerial accounting concepts. Compatible with most university syllabuses that use Edmonds’ Fundamental Managerial Accounting Concepts (10th Edition).

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Intermediate Accounting.
Course
Intermediate Accounting.











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Institution
Intermediate Accounting.
Course
Intermediate Accounting.

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Uploaded on
February 3, 2026
Number of pages
507
Written in
2025/2026
Type
Exam (elaborations)
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Tes@#@$#t Bank Fundamenta@#@@#@l Managerial Accounting Concepts, 10th Edition by
Edmonds!^@%@*(#&*()@#@#@




Test Bank Fundamental
Managerial Accounting
Concepts, 10th Edition by
Edmonds




1 TEST BANK FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS, 10TH EDITION BY EDMONDS@&#*&@*^#7^@*^&#9

,Tes@#@$#t Bank Fundamenta@#@@#@l Managerial Accounting Concepts, 10th Edition by
Edmonds!^@%@*(#&*()@#@#@



TABLE OF CONTENT
Chapter 1 Management Accounting and Corporate Governance
Chapter 2 Cost Behavior, Operating Leverage, and Profitability Analysis
Chapter 3 Analysis of Cost, Volume, and Pricing to Increase Profitability
Chapter 4 Cost Accumulation, Tracing, and Allocation
Chapter 5 Cost Management in an Automated Business Environment: ABC, ABM, and TQM
Chapter 6 Relevant Information for Special Decisions
Chapter 7 Planning for Profit and Cost Control
Chapter 8 Performance Evaluation
Chapter 9 Responsibility Accounting
Chapter 10 Planning for Capital Investments
Chapter 11 Product Costing in Service and Manufacturing Entities
Chapter 12 Job-Order, Process, and Hybrid Costing Systems
Chapter 13 Financial Statement Analysis
Chapter 14 Statement of Cash Flows




2 TEST BANK FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS, 10TH EDITION BY EDMONDS@&#*&@*^#7^@*^&#9

,Tes@#@$#t Bank Fundamenta@#@@#@l Managerial Accounting Concepts, 10th Edition by
Edmonds!^@%@*(#&*()@#@#@




Chapter 01 10e

1) Which of the following items are representative of managerial accounting?
Note: Check all that apply.

A) Financial statement in accordance with GAAP
B) Monthly sales reports used internally to allocate funds to divisions
C) Quarterly financial information sent to investors
D) Audited financial statements submitted to bankers with credit application
E) Budget projections used to make logistic decisions




2) Which of the following costs are not included in the cost of manufacturing a product?
Note: Check all that apply.

A) Marketing
B) Production workers' wages
C) Factory janitor's wages
D) CEO salary
E) Depreciation on manufacturing equipment


3 TEST BANK FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS, 10TH EDITION BY EDMONDS@&#*&@*^#7^@*^&#9

, Tes@#@$#t Bank Fundamenta@#@@#@l Managerial Accounting Concepts, 10th Edition by
Edmonds!^@%@*(#&*()@#@#@




3) Which of the following is considered a downstream cost?
Note: Check all that apply.

A) Research and development
B) Production wages
C) Advertising cost
D) Warranty cost
E) Cost of internet in manufacturing plant




4) Which of the following are examples of inventory holding costs?
Note: Check all that apply.




4 TEST BANK FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS, 10TH EDITION BY EDMONDS@&#*&@*^#7^@*^&#9

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