Managerial Accounting exam questions
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Ringle Brothers sells C. 15,700
pretzels for $1.50 per bag.
The marketing department March 16,000
prepared the following April 13,000 (0.10) = 1300 [ 10% = 0.10]
first quarter sales forecast:
January 15,000 bags 16,000 + 1,300 = 17,300, 17,300 - 1600(march*0.10) =
February 12,000 bags 15,700
March 16,000 bags
2. 24,300
Projected sales for April
are 13,000 bags. If the January = 15,000
company tires try to February (10%)= 12,000 x 10%= 1,200
maintain 10% of the next 15,000+1,200=16,200
month's forecasted sales 16,200x$1.50= 24,300
in inventory, what is the
projected production for
March?
A. 14,800
B. 16,000
C. 15,700
D. It cannot be
determined from the
information provided
2. Same info as no 1. What
is the sales budget for
January?
,These are used by Budgets
individual, staffs,
managers department.
Management accountant b. future activities
place more emphases on
which of the following:
a. certified financial
statement
b. future activities
c. historial cost
information
d. cash flow
e. annual tax returns
A listing of line item that a. balance sheet
the organization will use
to classify its accounting
information is?
a. balance sheet
b. income statement
c. chart of accounts
d. schedule of cash flows
e. production cost
response
RABBIT, long question, the c. $11.00
answer is
, The brothers sell pretzels D. 64500
for $1.50 per bag;
marketing prepares the ( 15000+12000+16000= NUMBER 1.5 THEN ADD THE
following sales forecast RESULT TO THE NUMBER ) PQ
for the 1st quarter of the
year. jan 15000, feb 12000,
march 16000. What is the
sales budget for the 1st
quarter?
Compute the fixed cost? Fixed cost will be Overhead 75,000. If answer is not
75,000 then "None of above"
DM 100,000
DL 150,000
Overhead 75,000
Sales 120,000
The primary purpose for C. To plan operation
carrying on "cost
accounting activity" is
A. T set asset values
B. To measure in cost or
core
C. To plan operation
D. To control operation
Save Groups
Ringle Brothers sells C. 15,700
pretzels for $1.50 per bag.
The marketing department March 16,000
prepared the following April 13,000 (0.10) = 1300 [ 10% = 0.10]
first quarter sales forecast:
January 15,000 bags 16,000 + 1,300 = 17,300, 17,300 - 1600(march*0.10) =
February 12,000 bags 15,700
March 16,000 bags
2. 24,300
Projected sales for April
are 13,000 bags. If the January = 15,000
company tires try to February (10%)= 12,000 x 10%= 1,200
maintain 10% of the next 15,000+1,200=16,200
month's forecasted sales 16,200x$1.50= 24,300
in inventory, what is the
projected production for
March?
A. 14,800
B. 16,000
C. 15,700
D. It cannot be
determined from the
information provided
2. Same info as no 1. What
is the sales budget for
January?
,These are used by Budgets
individual, staffs,
managers department.
Management accountant b. future activities
place more emphases on
which of the following:
a. certified financial
statement
b. future activities
c. historial cost
information
d. cash flow
e. annual tax returns
A listing of line item that a. balance sheet
the organization will use
to classify its accounting
information is?
a. balance sheet
b. income statement
c. chart of accounts
d. schedule of cash flows
e. production cost
response
RABBIT, long question, the c. $11.00
answer is
, The brothers sell pretzels D. 64500
for $1.50 per bag;
marketing prepares the ( 15000+12000+16000= NUMBER 1.5 THEN ADD THE
following sales forecast RESULT TO THE NUMBER ) PQ
for the 1st quarter of the
year. jan 15000, feb 12000,
march 16000. What is the
sales budget for the 1st
quarter?
Compute the fixed cost? Fixed cost will be Overhead 75,000. If answer is not
75,000 then "None of above"
DM 100,000
DL 150,000
Overhead 75,000
Sales 120,000
The primary purpose for C. To plan operation
carrying on "cost
accounting activity" is
A. T set asset values
B. To measure in cost or
core
C. To plan operation
D. To control operation
