TEST BANK
Horngren's Cost Accounting: A Managerial
Emphasis
ST
Srikant Datar, Madhav Rajan, Louis Beaubien, Steve Janz
────────────────────────────────────────────────────
UV
10th Canadian Edition
IA
?_
AP
PR
TEST BANK
OV
ED
? ?
, TABLE OF CONTENTS
Test Bank: Horngren's Cost Accounting: A Managerial Emphasis, 10th Canadian
Edition
By Srikant Datar, Madhav Rajan, Louis Beaubien, Steve Janz
ST
CHAPTER 1 The Accountant's Vital Role in Decision Making
CHAPTER 2 An Introduction to Cost Terms and Purposes
UV
CHAPTER 3 Cost–Volume–Profit Analysis
CHAPTER 4 Job Costing
CHAPTER 5 Activity-Based Costing and Management
IA
CHAPTER 6 Master Budget and Responsibility Accounting
CHAPTER 7 Flexible Budgets, Variances, and Management Control: I
?_
CHAPTER 8 Flexible Budgets, Variances, and Management Control: II
CHAPTER 9 Income Effects of Denominator Level on Inventory Valuation
CHAPTER 10 Analysis of Cost Behaviour
AP
CHAPTER 11 Decision Making and Relevant Information
CHAPTER 12 Data Analytic Thinking and Prediction
PR
CHAPTER 13 Pricing Decisions: Profitability and Cost Management
CHAPTER 14 Strategy, the Balanced Scorecard, and Profitability Analysis
CHAPTER 15 Period Cost Application
OV
CHAPTER 16 Cost Allocation: Joint Products and Byproducts
CHAPTER 17 Revenue and Customer Profitability Analysis
CHAPTER 18 Process Costing
ED
CHAPTER 19 Spoilage, Rework, and Scrap
CHAPTER 20 Inventory Cost Management Strategies
CHAPTER 21 Capital Budgeting: Methods of Investment Analysis
?
CHAPTER 22 Transfer Pricing and Multinational Management Control Systems
?
CHAPTER 23 Multinational Performance Measurement and Compensation
, Cost Accounting: A Managerial Emphasis, 10Ce (Datar)
Chapter 1 The Accountant's Vital Role in Decision Making
1.1 Explain how management accounting data are essential to the process of rational operating
ST
and strategic decision making
1) Cost accounting is guided by generally accepted accounting principles.
Answer: FALSE
UV
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
IA
Skill: Remembering
Objective: LO 1-1
2) Managerial accounting and financial accounting both measure and report financial and non-financial
?_
information related to the cost of acquiring or utilizing resources.
Answer: FALSE
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
AP
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
PR
3) Cost accounting provides information only for financial accounting.
Answer: FALSE
Diff: 1 Type: TF
OV
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
ED
4) Financial accountants are required to follow the generally accepted accounting principles that are used
for external financial reporting when preparing reports for internal users.
Answer: TRUE
??
Diff: 2 Type: TF
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
1
, 5) Managers typically receive reports on cost planning and controls that should be considered for external
use only.
Answer: FALSE
Diff: 2 Type: TF
ST
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
UV
Skill: Remembering
Objective: LO 1-1
6) There are three (3) basic business strategies: low cost, premium products, and customer satisfaction.
Answer: FALSE
IA
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
?_
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
AP
7) Companies with a strategy of low prices compete on their ability to offer unique new products or
services that are priced higher than their competition.
Answer: FALSE
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
PR
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
OV
Objective: LO 1-1
8) Cost management only involves short-term decisions that attempt to increase value for customers and
lower the costs of products or services.
Answer: FALSE
Diff: 1 Type: TF
ED
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
??
Skill: Remembering
Objective: LO 1-1
2
Horngren's Cost Accounting: A Managerial
Emphasis
ST
Srikant Datar, Madhav Rajan, Louis Beaubien, Steve Janz
────────────────────────────────────────────────────
UV
10th Canadian Edition
IA
?_
AP
PR
TEST BANK
OV
ED
? ?
, TABLE OF CONTENTS
Test Bank: Horngren's Cost Accounting: A Managerial Emphasis, 10th Canadian
Edition
By Srikant Datar, Madhav Rajan, Louis Beaubien, Steve Janz
ST
CHAPTER 1 The Accountant's Vital Role in Decision Making
CHAPTER 2 An Introduction to Cost Terms and Purposes
UV
CHAPTER 3 Cost–Volume–Profit Analysis
CHAPTER 4 Job Costing
CHAPTER 5 Activity-Based Costing and Management
IA
CHAPTER 6 Master Budget and Responsibility Accounting
CHAPTER 7 Flexible Budgets, Variances, and Management Control: I
?_
CHAPTER 8 Flexible Budgets, Variances, and Management Control: II
CHAPTER 9 Income Effects of Denominator Level on Inventory Valuation
CHAPTER 10 Analysis of Cost Behaviour
AP
CHAPTER 11 Decision Making and Relevant Information
CHAPTER 12 Data Analytic Thinking and Prediction
PR
CHAPTER 13 Pricing Decisions: Profitability and Cost Management
CHAPTER 14 Strategy, the Balanced Scorecard, and Profitability Analysis
CHAPTER 15 Period Cost Application
OV
CHAPTER 16 Cost Allocation: Joint Products and Byproducts
CHAPTER 17 Revenue and Customer Profitability Analysis
CHAPTER 18 Process Costing
ED
CHAPTER 19 Spoilage, Rework, and Scrap
CHAPTER 20 Inventory Cost Management Strategies
CHAPTER 21 Capital Budgeting: Methods of Investment Analysis
?
CHAPTER 22 Transfer Pricing and Multinational Management Control Systems
?
CHAPTER 23 Multinational Performance Measurement and Compensation
, Cost Accounting: A Managerial Emphasis, 10Ce (Datar)
Chapter 1 The Accountant's Vital Role in Decision Making
1.1 Explain how management accounting data are essential to the process of rational operating
ST
and strategic decision making
1) Cost accounting is guided by generally accepted accounting principles.
Answer: FALSE
UV
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
IA
Skill: Remembering
Objective: LO 1-1
2) Managerial accounting and financial accounting both measure and report financial and non-financial
?_
information related to the cost of acquiring or utilizing resources.
Answer: FALSE
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
AP
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
PR
3) Cost accounting provides information only for financial accounting.
Answer: FALSE
Diff: 1 Type: TF
OV
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
ED
4) Financial accountants are required to follow the generally accepted accounting principles that are used
for external financial reporting when preparing reports for internal users.
Answer: TRUE
??
Diff: 2 Type: TF
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
1
, 5) Managers typically receive reports on cost planning and controls that should be considered for external
use only.
Answer: FALSE
Diff: 2 Type: TF
ST
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
UV
Skill: Remembering
Objective: LO 1-1
6) There are three (3) basic business strategies: low cost, premium products, and customer satisfaction.
Answer: FALSE
IA
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
?_
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
Objective: LO 1-1
AP
7) Companies with a strategy of low prices compete on their ability to offer unique new products or
services that are priced higher than their competition.
Answer: FALSE
Diff: 1 Type: TF
CPA Competencies: Chapter 1 -
PR
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
Skill: Remembering
OV
Objective: LO 1-1
8) Cost management only involves short-term decisions that attempt to increase value for customers and
lower the costs of products or services.
Answer: FALSE
Diff: 1 Type: TF
ED
CPA Competencies: Chapter 1 -
3.1.1 Evaluates management information requirements,
3.1.2 Evaluates the types of information systems used and the role they play in an organization,
3.1.4 Identifies ethical and privacy issues related to information technology
??
Skill: Remembering
Objective: LO 1-1
2
