ACCT 2000 LSU EXAM 3 - LETITIA LOWE-ARDOIN
QUESTIONS WITH CORRECT ANSWERS 2025/2026
3 t broad t functions t of tManagerial t Accounting t - t CORRECT t ANSWER t -planning, t directing, t controlling
3 ttypes tof tmanufacturing tcost t- tCORRECT tANSWER t-
tdirect tmaterials, tdirect tlabor, tmanufacturing
toverhead
What tis tthe tmanagerial tfunction tplanning's tmain trole t- tCORRECT
tANSWER t- tlooking tahead tand tsetting tgoals
What tis tthe tmain trole tfor tdirecting tin tmanagerial taccounting t- tCORRECT tANSWER t-
tcoordinating tthe tday tto tday tactivities
What tis tthe tmain trole tfor tcontrolling tin tmanagerial taccounting t- tCORRECT tANSWER
t- tlooking tback tand tdetermining twhether tthe tgoals thave tbeen tmet
What tare tthe t3 tcategories tof tmanufacturing toverhead t- tCORRECT
tANSWER t- tindirect tmaterials, tindirect tlabor, tother tmanufacturing tcost
What tis t a tproduct t cost t -UCORRECT t ANSWER t -direct tmaterials, t direct t labor, tmanufacturing
t overhead
An texpense tthat tis t incurred t at t the t factory. tThese t are titems t that tare tconsidered tto t be
tinventory twhile to t n tthe tbalance tsheet tbut twhen tmoved tto tthe tincome tstatement tare tseen tas
tgoods tsold.
What t is t a t period t cost t - t CORRECT t ANSWER t -
QUESTIONS WITH CORRECT ANSWERS 2025/2026
3 t broad t functions t of tManagerial t Accounting t - t CORRECT t ANSWER t -planning, t directing, t controlling
3 ttypes tof tmanufacturing tcost t- tCORRECT tANSWER t-
tdirect tmaterials, tdirect tlabor, tmanufacturing
toverhead
What tis tthe tmanagerial tfunction tplanning's tmain trole t- tCORRECT
tANSWER t- tlooking tahead tand tsetting tgoals
What tis tthe tmain trole tfor tdirecting tin tmanagerial taccounting t- tCORRECT tANSWER t-
tcoordinating tthe tday tto tday tactivities
What tis tthe tmain trole tfor tcontrolling tin tmanagerial taccounting t- tCORRECT tANSWER
t- tlooking tback tand tdetermining twhether tthe tgoals thave tbeen tmet
What tare tthe t3 tcategories tof tmanufacturing toverhead t- tCORRECT
tANSWER t- tindirect tmaterials, tindirect tlabor, tother tmanufacturing tcost
What tis t a tproduct t cost t -UCORRECT t ANSWER t -direct tmaterials, t direct t labor, tmanufacturing
t overhead
An texpense tthat tis t incurred t at t the t factory. tThese t are titems t that tare tconsidered tto t be
tinventory twhile to t n tthe tbalance tsheet tbut twhen tmoved tto tthe tincome tstatement tare tseen tas
tgoods tsold.
What t is t a t period t cost t - t CORRECT t ANSWER t -
