MANAGERIAL
ACCOUNTING EXAM
WITH ALL NEEDED TO
PASS,,,
Product gcosts gare... g- gcorrect ganswer-Inventoried
Which gof gthe gfollowing gwould gNOT gbe gclassified gas ga gproduct gcost?
A. gDirect gmaterials
B. gDirect glabor
C. gIndirect gmaterials
D. gInsurance gon ga gmanufacturing gplant
E. gSales gcommissions g- gcorrect ganswer-Sales gcommissions
Costs gthat gare gexpensed gwhen gincurred gare gcalled... g- gcorrect ganswer-Period gcosts
Which gof gthe gfollowing gis ga gperiod gcost?
A. gDirect gmaterial
B. gAdvertising gexpense
C. gIndirect glabor
, D. gMiscellaneous gsupplies gused gin gproduction gactivities
E. gAdvertising gexpense gand gindirect glabor g- gcorrect ganswer-Advertising gexpense
Which gof gthe gfollowing gis gNOT ga gperiod gcost?
A. gLegal gcosts
B. gPublic grelations gcosts
C. gSales gcommissions
D. gWages gof gassembly-line gworkers
E. gThe gsalary gof ga gcompany's gchief gfinancial gofficer g(CFO) g- gcorrect ganswer-Wages
gof gassembly gline-workers
Which gof gthe gfollowing gentities gwould gmost glikely ghave graw gmaterials, gwork gin
gprocess, gand gfinished ggoods?
A. gExxon gCorporation
B. gMacy's gDepartment gStore
C. gWendy's
D. gSouthwest gAirlines
E. gColumbia gUniversity g- gcorrect ganswer-Exxon gCorporation
Selling gand gadministrative gexpenses gwould glikely gappear gon gthe gbalance gsheet gof:
A. gThe gGap
B. gTexas gInstruments
C. gTurner gBroadcasting gSystem
D. gAll gof gthese gfirms
E. gNone gof gthese gfirms g- gcorrect ganswer-None gof gthese gfirms
Which gof gthe gfollowing ginventories gwould ga gdiscount gretailer gsuch gas gWalmart greport
gas gan gasset? g- gcorrect ganswer-Merchandise ginventory
Which gof gthe gfollowing ginventories gwould ga gcompany gordinarily ghold gfor gsale? g-
gcorrect ganswer-Finished ggoods
Which gof gthe gfour gitems glisted gbelow gis gnot ga gtype gof gproduction gprocess?
A. gBatch
B. gJob gshop
C. gContinuous gflow
D. gJob gflow g- gcorrect ganswer-Job gflow
Which gtype gof gproduction gprocess gis gideal gfor ga glow gproduction gvolume gand gone gof
ga gkind gproducts? g- gcorrect ganswer-Job gshop
Mideast gMotors gmanufactures gautomobiles. gWhich gof gthe gfollowing gwould gNOT gbe
gclassified gas gdirect gmaterials gby gthe gcompany?
A. gWheel glubricant
B. gTires
ACCOUNTING EXAM
WITH ALL NEEDED TO
PASS,,,
Product gcosts gare... g- gcorrect ganswer-Inventoried
Which gof gthe gfollowing gwould gNOT gbe gclassified gas ga gproduct gcost?
A. gDirect gmaterials
B. gDirect glabor
C. gIndirect gmaterials
D. gInsurance gon ga gmanufacturing gplant
E. gSales gcommissions g- gcorrect ganswer-Sales gcommissions
Costs gthat gare gexpensed gwhen gincurred gare gcalled... g- gcorrect ganswer-Period gcosts
Which gof gthe gfollowing gis ga gperiod gcost?
A. gDirect gmaterial
B. gAdvertising gexpense
C. gIndirect glabor
, D. gMiscellaneous gsupplies gused gin gproduction gactivities
E. gAdvertising gexpense gand gindirect glabor g- gcorrect ganswer-Advertising gexpense
Which gof gthe gfollowing gis gNOT ga gperiod gcost?
A. gLegal gcosts
B. gPublic grelations gcosts
C. gSales gcommissions
D. gWages gof gassembly-line gworkers
E. gThe gsalary gof ga gcompany's gchief gfinancial gofficer g(CFO) g- gcorrect ganswer-Wages
gof gassembly gline-workers
Which gof gthe gfollowing gentities gwould gmost glikely ghave graw gmaterials, gwork gin
gprocess, gand gfinished ggoods?
A. gExxon gCorporation
B. gMacy's gDepartment gStore
C. gWendy's
D. gSouthwest gAirlines
E. gColumbia gUniversity g- gcorrect ganswer-Exxon gCorporation
Selling gand gadministrative gexpenses gwould glikely gappear gon gthe gbalance gsheet gof:
A. gThe gGap
B. gTexas gInstruments
C. gTurner gBroadcasting gSystem
D. gAll gof gthese gfirms
E. gNone gof gthese gfirms g- gcorrect ganswer-None gof gthese gfirms
Which gof gthe gfollowing ginventories gwould ga gdiscount gretailer gsuch gas gWalmart greport
gas gan gasset? g- gcorrect ganswer-Merchandise ginventory
Which gof gthe gfollowing ginventories gwould ga gcompany gordinarily ghold gfor gsale? g-
gcorrect ganswer-Finished ggoods
Which gof gthe gfour gitems glisted gbelow gis gnot ga gtype gof gproduction gprocess?
A. gBatch
B. gJob gshop
C. gContinuous gflow
D. gJob gflow g- gcorrect ganswer-Job gflow
Which gtype gof gproduction gprocess gis gideal gfor ga glow gproduction gvolume gand gone gof
ga gkind gproducts? g- gcorrect ganswer-Job gshop
Mideast gMotors gmanufactures gautomobiles. gWhich gof gthe gfollowing gwould gNOT gbe
gclassified gas gdirect gmaterials gby gthe gcompany?
A. gWheel glubricant
B. gTires
