TEST BANK Managerial Accounting: The Cornerstone of Business Decision Making, 8th Edition, Mowen, Hansen, Heitger Chapters 1 - 15

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

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




Pagez1

,Table of Contents z z




WHY Is Managerial Accounting Important?
z z z z


1. Introduction to Managerial Accounting.
z z z z


2. Basic Managerial Accounting Concepts.
z z z z




WHAT Is Managerial Accounting?
z z z


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




WHERE Does Managerial Accounting Come From?
z z z z z


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


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


6. Process Costing.
z z




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


7. Cost-Volume-Profit Analysis.
z z


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


9. Profit Planning and Flexible Budgets.
z z z z z


10. Standard Costing and Variance Analysis.
z z z z z


11. Performance Evaluation and Decentralization.
z z z z


12. Capital Investment Decisions.
z z z


13. Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, I
z z z z z z z z z z z


nternational Issues, Enterprise Risk Management, The Managerial Accountant in Forensic/Frau
z z z z z z z z z


d Accounting
z


14. Statement of Cash Flows.
z z z z


15. Financial Statement Analysis.
z z z




Pagez2

,Chapz 01_8e_Mowen

Answers at the end of each chapter
z z z z z z




Indicatez whetherz thez statementz isz truez orz false.
z z 1.zAzcostzaccountantzwouldznormallyzoccupyzazstaffzpositionzwithinzanzorganization.
a. True
b. False

z

z 2.zThezfourzemphasizedzareaszofzthezCMAzexaminationzreflectzthezneedszofzmanagerialzaccountingzandzhighl
ightzthatzmanagerialzaccountingzhaszmorezofzanzinterdisciplinaryzflavorzthanzotherzareaszofzaccounting.
a. True
b. False

z z 3.zManagementzaccountingzinformationziszusedzonlyzbyzmanufacturingzorganizations.
a. True
b. False

z z 4.zPositionszthatzhavezdirectzresponsibilityzforzthezbasiczobjectiveszofzanzorganizationzarezreferredztozaszlinezpositions.
a. True
b. False

z z 5.zVirtuallyzallzmanagerialzaccountingzpracticeszwerezdevelopedztozassistzmanagerszinzmaximizingzprofits.
a. True
b. False

z z 6.zManagerialzaccountingziszdesignedzprimarilyzforzinternalzusers.
a. True
b. False

z z 7.zManagerialzaccountingzinformationzisznotzimportantzforznot-for-profitzorganizations.
a. True
b. False

z z 8.zTimezisznotzazcrucialzelementzinzallzphaseszofzthezvaluezchain.
a. True
b. False

z z 9.zActivity-
basedzcostingziszazlesszdetailedzapproachztozdeterminingzthezcostzofzgoodszandzserviceszthanztraditionalzcostzaccoun
ting.
a. True
b. False
z

z 10.zAmeliazcomparedzthezbudgetedzspendingzonzlaborzandzmaterialszusedzinzproductionztozthezactualzspendingzo
nzlaborzandzmaterialszusedzinzproduction.zLaborzspendingzwaszhigherzthanzexpected.zAmeliazemailedzRobbieztozdisc
usszthiszoutcome.zThisziszazmanagerialzaccounting-orientedzissue.
a. True
b. False


Pagez3

, Name: Class: Date:z

Chapz 01_8e_Mowen

z

z 11.zThezpurposezofzthezCertificatezinzPubliczAccountingzisztozprovidezminimalzprofessionalzqualificationzforzexter

nalzauditors.
a. True
b. False

z z 12.zExcellentzcustomerzserviceziszanzexamplezofzazvalue-addedzactivity.
a. True
b. False

z z 13.zGAAPzgovernszfinancialzaccounting.
a. True
b. False

z z 14.zManagerialzaccountingzemphasizeszthezfuture.
a. True
b. False
z

z 15.zThezvaluezchainziszthezsetzofzactivitieszrequiredztozdesign,zdevelop,zproduce,zmarket,zandzdeliverzproduct

szandzservicesztozcustomers.
a. True
b. False

z z 16.zThezbeliefzthatzeachzmemberzofzazgroupzbearsznozresponsibilityzforzthezwell-
beingzofzotherzmembersziszazcommonzprinciplezunderlyingzallzethicalzsystems.
a. True
b. False

z z 17.zThezprocesszofzchoosingzamongzcompetingzalternativesziszcalledzdecisionzmaking.
a. True
b. False
z

z18.zThezmanagerialzactivityzofzmonitoringzazplan'szimplementationzandztakingzcorrectivezactionzaszneededziszref
erredztozaszdecisionzmaking.
a. True
b. False

Indicatez thez answerz choicez thatz bestz completesz thez statementz orz answersz thez question.
z z 19.zWhichzofzthezfollowingzwouldznormallyzholdzazlinezposition?
a. Staffzaccountant
b. Purchasingzmanager
c. Generalzmanager
d. Costzaccountant




Pagez4