Test Bank for Managerial Accounting: The Cornerstone of Business Decision Making, 8th Edition by (Mowen/Hansen/Heitger), ISBN: 9780357715345, All 15 Chapters Covered, Verified Latest Edition

TEST BANK
Managerial Accounting: The Cornerstone of Business Decision Making,

8th Edition, Mowen, Hansen, Heitger Chapters 1 - 15




PageQ1

,Table of Contents Q Q




WHY Is Managerial Accounting Important?
Q Q Q Q


1. Introduction to Managerial Accounting.
Q Q Q Q


2. Basic Managerial Accounting Concepts.
Q Q Q Q




WHAT Is Managerial Accounting?
Q Q Q


3. Cost Behavior, Cost Forecasting, and Segmented Income Statements.
Q Q Q Q Q Q Q Q




WHERE Does Managerial Accounting Come From?
Q Q Q Q Q


4. Job-Order Costing and Normal Cost (Overhead Application).
Q Q Q Q Q Q Q


5. Activity-Based Costing and Management
Q Q Q Q


6. Process Costing.
Q Q




HOW Is Managerial Accounting USED for Decision Making?
Q Q Q Q Q Q Q


7. Cost-Volume-Profit Analysis.
Q Q


8. Tactical Decision Making and Relevant Costing.
Q Q Q Q Q Q


9. Profit Planning and Flexible Budgets.
Q Q Q Q Q


10. Standard Costing and Variance Analysis.
Q Q Q Q Q


11. Performance Evaluation and Decentralization.
Q Q Q Q


12. Capital Investment Decisions.
Q Q Q


13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accountin
Q Q Q Q Q Q Q Q Q Q


g, International Issues, Enterprise Risk Management, The Managerial Accountant in Forensic
Q Q Q Q Q Q Q Q Q Q


/Fraud Accounting
Q


14. Statement of Cash Flows.
Q Q Q Q


15. Financial Statement Analysis.
Q Q Q




PageQ2

,ChapQ 01_8e_Mowen

Answers at the end of each chapter
Q Q Q Q Q Q




IndicateQ whetherQ theQ statementQ isQ trueQ orQ false.
Q Q 1.QAQcostQaccountantQwouldQnormallyQoccupyQaQstaffQpositionQwithinQanQorganization.
a. True
b. False

Q

Q 2.QTheQfourQemphasizedQareasQofQtheQCMAQexaminationQreflectQtheQneedsQofQmanagerialQaccountingQan
dQhighlightQthatQmanagerialQaccountingQhasQmoreQofQanQinterdisciplinaryQflavorQthanQotherQareasQofQaccountin
g.
a. True
b. False

Q Q 3.QManagementQaccountingQinformationQisQusedQonlyQbyQmanufacturingQorganizations.
a. True
b. False

Q Q 4.QPositionsQthatQhaveQdirectQresponsibilityQforQtheQbasicQobjectivesQofQanQorganizationQareQreferredQtoQasQlineQpositions.
a. True
b. False

Q Q 5.QVirtuallyQallQmanagerialQaccountingQpracticesQwereQdevelopedQtoQassistQmanagersQinQmaximizingQprofits.
a. True
b. False

Q Q 6.QManagerialQaccountingQisQdesignedQprimarilyQforQinternalQusers.
a. True
b. False

Q Q 7.QManagerialQaccountingQinformationQisQnotQimportantQforQnot-for-profitQorganizations.
a. True
b. False

Q Q 8.QTimeQisQnotQaQcrucialQelementQinQallQphasesQofQtheQvalueQchain.
a. True
b. False

Q Q 9.QActivity-
basedQcostingQisQaQlessQdetailedQapproachQtoQdeterminingQtheQcostQofQgoodsQandQservicesQthanQtraditionalQcostQ
accounting.
a. True
b. False
Q

Q 10.QAmeliaQcomparedQtheQbudgetedQspendingQonQlaborQandQmaterialsQusedQinQproductionQtoQtheQactualQspen

dingQonQlaborQandQmaterialsQusedQinQproduction.QLaborQspendingQwasQhigherQthanQexpected.QAmeliaQemailedQRo
bbieQtoQdiscussQthisQoutcome.QThisQisQaQmanagerialQaccounting-orientedQissue.
a. True
b. False
PageQ3

, Name: Class: Date:Q

ChapQ 01_8e_Mowen

Q

Q 11.QTheQpurposeQofQtheQCertificateQinQPublicQAccountingQisQtoQprovideQminimalQprofessionalQqualificationQfor

QexternalQauditors.
a. True
b. False

Q Q 12.QExcellentQcustomerQserviceQisQanQexampleQofQaQvalue-addedQactivity.
a. True
b. False

Q Q 13.QGAAPQgovernsQfinancialQaccounting.
a. True
b. False

Q Q 14.QManagerialQaccountingQemphasizesQtheQfuture.
a. True
b. False
Q

Q 15.QTheQvalueQchainQisQtheQsetQofQactivitiesQrequiredQtoQdesign,Qdevelop,Qproduce,Qmarket,QandQdeliverQ

productsQandQservicesQtoQcustomers.
a. True
b. False

Q Q 16.QTheQbeliefQthatQeachQmemberQofQaQgroupQbearsQnoQresponsibilityQforQtheQwell-
beingQofQotherQmembersQisQaQcommonQprincipleQunderlyingQallQethicalQsystems.
a. True
b. False

Q Q 17.QTheQprocessQofQchoosingQamongQcompetingQalternativesQisQcalledQdecisionQmaking.
a. True
b. False
Q

Q 18.QTheQmanagerialQactivityQofQmonitoringQaQplan'sQimplementationQandQtakingQcorrectiveQactionQasQneede
dQisQreferredQtoQasQdecisionQmaking.
a. True
b. False

IndicateQ theQ answerQ choiceQ thatQ bestQ completesQ theQ statementQ orQ answersQ theQ question.
Q Q 19.QWhichQofQtheQfollowingQwouldQnormallyQholdQaQlineQposition?
a. StaffQaccountant
b. PurchasingQmanager
c. GeneralQmanager
d. CostQaccountant




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