TEST BANK for Managerial Accounting 6th Edition by James Jiambalvo ISBN 9781119158011. (All 14 Chapters) updated 2024/2025 A+

TEST BANK for Managerial
Accounting 6th Edition by James
Jiambalvo ISBN 9781119158011.
(All 14 Chapters)

, TEST BANK for Managerial Accounting 6th Edition by James Jiambalvo ISBN
8011. (All 14 Chapters).
TABLE OF CONTENTS:
CH 1 Managerial Accounting in the Information Age
CH 2 Job-Order Costing for Manufacturing and Service Companies
CH 3 Process Costing
CH 4 Cost-Volume-Profit Analysis
CH 5 Variable Costing
CH 6 Cost Allocation and Activity-Based Costing
CH 7 The Use of Cost Information in Management Decision Making
CH 8 Pricing Decisions, Analyzing Customer Profitability, and Activity-Based Pricing
CH 9 Capital Budgeting and Other Long-Run Decisions
CH 10 Budgetary Planning and Control
CH 11 Standard Costs and Variance Analysis
CH 12 Decentralization and Performance Evaluation
CH 13 Statement of Cash Flows
CH 14 Analyzing Financial Statements: A Managerial Perspective

, CHAPTER 1
Managerial Accounting in the Information Age
Summary of Questions by Objectives and Bloom’s Taxonomy

Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT
True-False Statements
1. 1 K 11. 1 K 21. 2 K 31. 4 K 41. 5 C
2. 1 K 12. 1 K 22. 2 K 32. 4 K 42. 5 K
3. 1 K 13. 1 K 23. 2 K 33. 4 K 43. 5 K
4. 1 K 14. 1 K 24. 2 K 34. 4 K 44. 5 K
5. 1 K 15. 1 K 25. 2 K 35. 4 K 45. 5 K
6. 1 K 16. 1 K 26. 3 K 36. 4 K 46. 5 K
7. 1 C 17. 1 K 27. 3 K 37. 4 K 47. 5 K
8. 1 K 18. 2 K 28. 3 K 38. 4 K 48. 5 K
9. 1 K 19. 2 K 29. 3 C 39. 4 K
10. 1 K 20. 2 K 30. 3 K 40. 4 K
Multiple Choice Questions
49. 1 K 68. 2 C 87. 2 AP 106. 3 K 125. 5 K
50. 1 K 69. 2 KK 88. 2 AP 107. 3 C 126. 5 K
51. 1 K 70. 2 KK 89. 2 AP 108. 3 C 127. 5 K
52. 1 C 71. 2 KK 90. 2 AP 109. 3 AP 128. 2 AP
53. 1 C 72. 2 C 91. 2 K 110. 3 AP 129. 2 AP
54. 1 K 73. 2 C 92. 2 AP 111. 3 AP 130. 2 AP
55. 1 K 74. 2 KK 93. 2 AP 112. 3 AP 131. 2 AP
56. 1 K 75. 2 C 94. 2 AP 113. 3 AP 132. 2 AP
57. 1 K 76. 2 C 95. 2 AP 114. 3 AP 133. 2 AP
58. 1 K 77. 2 K 96. 2 AP 115. 3 KK 134. 2 AP
59. 1 K 78. 2 AP 97. 2 Ap 116. 4 KK 135. 3 AP
60. 1 K 79. 2 AP 98. 2 AP 117. 4 KK 136. 3 AP
61. 1 K 80. 2 AP 99. 3 AP 118. 4 KK 137. 2 AP
62. 1 K 81. 2 AP 100. 3 AP 119. 5 K 138. 2 AP
63. 2 K 82. 2 AP 101. 3 AP 120. 5 K 139. 2 AP
64. 2 K 83. 2 102. 3 K 121. 5 140. 2 AP
65. 2 AP 84. 2 103. 3 K 122. 5 141. 2 AP
66. 2 C 85. 2 104. 3 K 123. 5 142. 2 AP
67. 2 C 86. 2 105. 3 K 124. 5
Matching
143. 1,2,3,4 K
Exercises
144. 1 K 147. 2 AP 150. 2 AP 153. 2,3 AP 156. 2,3 AP
145. 2 K 148. 2 K 151. 2,3 AP 154. 2,3 AP 157. 2,3 AN
146. 2 AP 149. 2 K 152. 2 AP 155. 1,2 AP 158. 2,3 AN
Challenge Exercises
159. 2,3 AN 160. 2,3 AN
Short-Answer Essays
161. 1 K 163. 1 C 165. 3 C 167. 4 C
162. 1 K 164. 2 C 166. 3 C

, TRUE-FALSE STATEMENTS

1. Financial accounting stresses accounting concepts and procedures that are relevant to
preparing reports for internal users of accounting information.

2. The goal of managerial accounting is to provide information for planning, controlling, and
reporting information to shareholders.

3. A thorough understanding of managerial accounting is essential to be an effective manager.

4. A production cost budget provides details of planned production amounts and the cost of
resources needed for production.

5. Budgets can be used to communicate a company‘s goals to employees.

6. Only amounts that can be expressed in dollars and cents can be used in preparing budgets.

7. A favorable evaluation of an operation indicates that the manager of that operation is
performing adequately.

8. Performance reports are used for control purposes.

9. Performance reports, like other managerial accounting reports, must follow GAAP.

10. Budgets show comparisons of current period performance to the planned performance.

11. Management by exception requires managers to investigate every difference between actual
and budgeted costs that causes profit to be less than budgeted.

12. Decisions to reward or punish managers are part of the planning and control process.

13. Managerial accounting is directed at internal users of accounting information.

14. Financial accounting must follow generally accepted accounting principles, whereas
managerial accounting stresses information that is useful to managers.

15 Managerial accounting may present more detailed information than financial accounting.

16. Managerial accounting stresses that the information provided should be useful to decision
makers such as creditors and shareholders.

17. Financial accounting is concerned with presenting results of past transactions, while
managerial accounting places considerable emphasis on the future.

18. Variable costs in total increase or decrease in proportion with changes in the level of business
activity.

19. Equipment depreciation is generally a controllable cost for a factory department supervisor.

20. Fixed cost per unit remains the same even though there is a change in the number of units
produced.