3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
Test bank for Horngren’s CostAccounting A
qo qo qo qo qo qo
ManagerialEmphasis17thGlobalEditionbySrikant
qo qo qo qo qo qo qo
M. Datar qo
Full download link:https://reurl.cc/V18ZQy qo q o o
q
Horngren's Cost Accounting: A Managerial Emphasis, 17e, Global Edition by Datar/Rajan
qo qo qo qo qo qo qo qo qo qo
qChapter 1
o The Manager and Management Accounting
qo q o qo qo qo qo
Objective 1.1 qo
1) Management accounting: q o
A) focuses on estimating future revenues, costs, and other measures to forecast activities
qo qo qo qo qo qo qo qo qo qo qo
q and their results
o qo qo
B) provides information about the company as a whole
qo qo qo qo qo qo qo
C) reports information that has occurred in the past that is verifiable and reliable
qo qo qo qo qo qo qo qo qo qo qo qo
D) provides information that is generally available only on a quarterly or annual basis
qo qo qo qo qo qo qo qo qo qo qo qo
q Answer: A o q o
1
Copyright © 2021 Pearson Education, Ltd.
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,3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
Explanation: A) Management accounting has a forward-looking orientation as opposed to
q o qo qo qo qo qo qo qo qo qo
qfinancial accounting which has a historical perspective.
o qo qo qo qo qo qo
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
2) Managers use management accounting information to: qo qo qo qo qo
A) help external users such as investors, banks, regulators, and suppliers
qo qo qo qo qo qo qo qo qo
B) communicate, develop, and implement strategies q o q o q o q o
C) communicate a firmffs financial position to investors, banks, regulators, and other qo qo qo qo qo qo qo qo qo qo
q outside parties
o qo
D) ensure that financial statements are consistent with the SEC rules
qo qo qo qo qo qo qo qo qo
Answer: B q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
3) Financial accounting: q o
A) focuses on the future and includes activities such as preparing next yearffs operating
qo qo qo qo qo qo qo qo qo qo qo qo
q budget o
B) must comply with GAAP (generally accepted accounting principles)
q o q o q o q o q o q o q o
C) is the process of measuring, analyzing, and reporting financial and nonfinancial
qo qo qo qo qo qo qo qo qo qo
q information related to the costs of acquiring or using resources in an organization
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D) is prepared for the use of department heads and other employees
qo qo qo qo qo qo qo qo qo qo
Answer: B q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
4) Which of the following would most likely be the user of financial accounting information?
q o q o q o q o q o q o q o q o q o q o q o q o q o
A) factory shift supervisor qo qo
B) distribution manager q o
C) current shareholder qo
D) department manager qo
q Answer: C
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
2
Copyright © 2021 Pearson Education, Ltd. qo qo qo qo qo
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,3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
5) The primary user of management accounting information is a(n):
q o q o q o q o q o q o q o q o
A) the controller qo
B) a shareholder evaluating a stock investment
qo qo qo qo qo
C) bondholder
D) external regulator qo
q Answer: A
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
6) Financial accounting provides the primary source of information for: q o q o q o q o q o q o q o q o
A) decision making in the assembly and finishing department q o q o q o q o q o q o q o
B) improving distribution and customer service q o q o q o q o
C) preparing the income statement for shareholders and other external parties qo qo qo qo qo qo qo qo qo
D) planning next yearffs plans and specifically; the operating budget qo qo qo qo qo qo qo qo
q Answer: C
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
7) Which of the following is true of management accounting information?
q o q o q o q o q o q o q o q o q o
A) It focuses on documenting past business actions of a firm.
q o q o q o q o q o q o q o q o q o
B) It is prepared based on SEC rules and FASB accounting principles.
qo qo qo qo qo qo qo qo qo qo
C) It is prepared for shareholders.
qo qo qo qo
D) It helps with the coordination of elements of the value chain.
qo qo qo qo qo qo qo qo qo qo
q Answer: D
o q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
8) Which of the following statements refers to management accounting information?
qo qo qo qo qo qo qo qo qo
A) There are no regulations governing the reports.
qo qo qo qo qo qo
B) The reports are generally delayed and historical.
qo qo qo qo qo qo
C) The audience tends to be stockholders, creditors, and tax authorities.
qo qo qo qo qo qo qo qo qo
D) It primarily measures managerffs compensation on reported financial results.
qo qo qo qo qo qo qo qo
q Answer: A
o q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
9) Which of the following groups would be least likely to receive detailed management
qo qo qo qo qo qo qo qo qo qo qo qo
q accounting reports?
o qo
A) stockholders
B) sales managers q o
C) production supervisors q o
D) distribution managers qo
q Answer: A
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
10) Management accounting information typically includes: q o q o q o q o
A) tabulated results of customer satisfaction surveys qo qo qo qo qo
B) the cost of producing a product
qo qo qo qo qo
C) the percentage of units produced that are defective
qo qo qo qo qo qo qo
D) All of these answers are correct.
qo qo qo qo qo
q Answer: D
o q o
Diff: 1 qo
3
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, 3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
Objective: 1 q o
AACSB: Application of knowledge q o qo qo
11) Cost accounting: qo
A) measures the costs of acquiring or using resources in an organization qo qo qo qo qo qo qo qo qo qo
B) measures the financial and nonfinancial information that helps managers make q o q o q o q o q o q o q o q o q o
decisions to fulfill the goals of an organization
q o q o qo qo qo qo qo qo
C) coordinates product design, production, and marketing decisions and evaluate a qo qo qo qo qo qo qo qo qo
q companyffs performance
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D) communicates information to investors, banks, regulators, and other outside parties qo qo qo qo qo qo qo qo qo
Answer: A q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
12) Which of the following differentiates cost accounting and financial accounting?
qo qo qo qo qo qo qo qo qo
A) The primary users of cost accounting are the investors, whereas the primary users of
qo qo qo qo qo qo qo qo qo qo qo qo qo
q financial accounting are the managers.
o qo qo qo qo
B) Cost accounting deals with product design, production, and marketing strategies,
qo qo qo qo qo qo qo qo qo
whereas financial accounting deals mainly with pricing of the products.
qo qo qo qo qo qo qo qo qo
C) Cost accounting measures only the financial information related to the costs of acquiring
qo qo qo qo qo qo qo qo qo qo qo qo
q fixed assets in an organization, whereas financial accounting measures financial and
o qo qo qo qo qo qo qo qo qo qo
q nonfinancial information of a companyffs business transactions.
o qo qo qo qo qo qo
D) Cost accounting measures information related to the costs of acquiring or using
qo qo qo qo qo qo qo qo qo qo qo
q resources in an organization, whereas financial accounting measures a financial position of
o qo qo qo qo qo qo qo qo qo qo qo
q a company to investors, banks, and external parties.
o qo qo qo qo qo qo qo
Answer: D q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
13) Which of the following is true of financial accounting information?q o q o q o q o q o q o q o q o q o
A) It is prepared based on cost-benefit analysis.
q o q o q o q o q o q o
B) It is primarily used by managers to make internal business decisions.
qo qo qo qo qo qo qo qo qo qo
C) It focuses on the past-oriented financial performance of a company.
qo qo qo qo qo qo qo qo qo
D) It only measures the cash transactions of a company.
qo qo qo qo qo qo qo qo
q Answer: C
o q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
4
Copyright © 2021 Pearson Education, Ltd. qo qo qo qo qo
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qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
Test bank for Horngren’s CostAccounting A
qo qo qo qo qo qo
ManagerialEmphasis17thGlobalEditionbySrikant
qo qo qo qo qo qo qo
M. Datar qo
Full download link:https://reurl.cc/V18ZQy qo q o o
q
Horngren's Cost Accounting: A Managerial Emphasis, 17e, Global Edition by Datar/Rajan
qo qo qo qo qo qo qo qo qo qo
qChapter 1
o The Manager and Management Accounting
qo q o qo qo qo qo
Objective 1.1 qo
1) Management accounting: q o
A) focuses on estimating future revenues, costs, and other measures to forecast activities
qo qo qo qo qo qo qo qo qo qo qo
q and their results
o qo qo
B) provides information about the company as a whole
qo qo qo qo qo qo qo
C) reports information that has occurred in the past that is verifiable and reliable
qo qo qo qo qo qo qo qo qo qo qo qo
D) provides information that is generally available only on a quarterly or annual basis
qo qo qo qo qo qo qo qo qo qo qo qo
q Answer: A o q o
1
Copyright © 2021 Pearson Education, Ltd.
qo qo qo qo qo
about:blank 1/47
,3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
Explanation: A) Management accounting has a forward-looking orientation as opposed to
q o qo qo qo qo qo qo qo qo qo
qfinancial accounting which has a historical perspective.
o qo qo qo qo qo qo
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
2) Managers use management accounting information to: qo qo qo qo qo
A) help external users such as investors, banks, regulators, and suppliers
qo qo qo qo qo qo qo qo qo
B) communicate, develop, and implement strategies q o q o q o q o
C) communicate a firmffs financial position to investors, banks, regulators, and other qo qo qo qo qo qo qo qo qo qo
q outside parties
o qo
D) ensure that financial statements are consistent with the SEC rules
qo qo qo qo qo qo qo qo qo
Answer: B q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
3) Financial accounting: q o
A) focuses on the future and includes activities such as preparing next yearffs operating
qo qo qo qo qo qo qo qo qo qo qo qo
q budget o
B) must comply with GAAP (generally accepted accounting principles)
q o q o q o q o q o q o q o
C) is the process of measuring, analyzing, and reporting financial and nonfinancial
qo qo qo qo qo qo qo qo qo qo
q information related to the costs of acquiring or using resources in an organization
o qo qo qo qo qo qo qo qo qo qo qo qo
D) is prepared for the use of department heads and other employees
qo qo qo qo qo qo qo qo qo qo
Answer: B q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
4) Which of the following would most likely be the user of financial accounting information?
q o q o q o q o q o q o q o q o q o q o q o q o q o
A) factory shift supervisor qo qo
B) distribution manager q o
C) current shareholder qo
D) department manager qo
q Answer: C
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking
q o q o
2
Copyright © 2021 Pearson Education, Ltd. qo qo qo qo qo
about:blank 2/47
,3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
5) The primary user of management accounting information is a(n):
q o q o q o q o q o q o q o q o
A) the controller qo
B) a shareholder evaluating a stock investment
qo qo qo qo qo
C) bondholder
D) external regulator qo
q Answer: A
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
6) Financial accounting provides the primary source of information for: q o q o q o q o q o q o q o q o
A) decision making in the assembly and finishing department q o q o q o q o q o q o q o
B) improving distribution and customer service q o q o q o q o
C) preparing the income statement for shareholders and other external parties qo qo qo qo qo qo qo qo qo
D) planning next yearffs plans and specifically; the operating budget qo qo qo qo qo qo qo qo
q Answer: C
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
7) Which of the following is true of management accounting information?
q o q o q o q o q o q o q o q o q o
A) It focuses on documenting past business actions of a firm.
q o q o q o q o q o q o q o q o q o
B) It is prepared based on SEC rules and FASB accounting principles.
qo qo qo qo qo qo qo qo qo qo
C) It is prepared for shareholders.
qo qo qo qo
D) It helps with the coordination of elements of the value chain.
qo qo qo qo qo qo qo qo qo qo
q Answer: D
o q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
8) Which of the following statements refers to management accounting information?
qo qo qo qo qo qo qo qo qo
A) There are no regulations governing the reports.
qo qo qo qo qo qo
B) The reports are generally delayed and historical.
qo qo qo qo qo qo
C) The audience tends to be stockholders, creditors, and tax authorities.
qo qo qo qo qo qo qo qo qo
D) It primarily measures managerffs compensation on reported financial results.
qo qo qo qo qo qo qo qo
q Answer: A
o q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
9) Which of the following groups would be least likely to receive detailed management
qo qo qo qo qo qo qo qo qo qo qo qo
q accounting reports?
o qo
A) stockholders
B) sales managers q o
C) production supervisors q o
D) distribution managers qo
q Answer: A
o q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
10) Management accounting information typically includes: q o q o q o q o
A) tabulated results of customer satisfaction surveys qo qo qo qo qo
B) the cost of producing a product
qo qo qo qo qo
C) the percentage of units produced that are defective
qo qo qo qo qo qo qo
D) All of these answers are correct.
qo qo qo qo qo
q Answer: D
o q o
Diff: 1 qo
3
Copyright © 2021 Pearson Education, Ltd. qo qo qo qo qo
about:blank 3/47
, 3/9/24, 10:12 AM
qo qo Test bank for Horngren’s CostAccountingAManagerial Emphasis 17th Glo…
qo qo qo qo o
q o
q o
q qo qo qo
Objective: 1 q o
AACSB: Application of knowledge q o qo qo
11) Cost accounting: qo
A) measures the costs of acquiring or using resources in an organization qo qo qo qo qo qo qo qo qo qo
B) measures the financial and nonfinancial information that helps managers make q o q o q o q o q o q o q o q o q o
decisions to fulfill the goals of an organization
q o q o qo qo qo qo qo qo
C) coordinates product design, production, and marketing decisions and evaluate a qo qo qo qo qo qo qo qo qo
q companyffs performance
o qo
D) communicates information to investors, banks, regulators, and other outside parties qo qo qo qo qo qo qo qo qo
Answer: A q o
Diff: 1 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
12) Which of the following differentiates cost accounting and financial accounting?
qo qo qo qo qo qo qo qo qo
A) The primary users of cost accounting are the investors, whereas the primary users of
qo qo qo qo qo qo qo qo qo qo qo qo qo
q financial accounting are the managers.
o qo qo qo qo
B) Cost accounting deals with product design, production, and marketing strategies,
qo qo qo qo qo qo qo qo qo
whereas financial accounting deals mainly with pricing of the products.
qo qo qo qo qo qo qo qo qo
C) Cost accounting measures only the financial information related to the costs of acquiring
qo qo qo qo qo qo qo qo qo qo qo qo
q fixed assets in an organization, whereas financial accounting measures financial and
o qo qo qo qo qo qo qo qo qo qo
q nonfinancial information of a companyffs business transactions.
o qo qo qo qo qo qo
D) Cost accounting measures information related to the costs of acquiring or using
qo qo qo qo qo qo qo qo qo qo qo
q resources in an organization, whereas financial accounting measures a financial position of
o qo qo qo qo qo qo qo qo qo qo qo
q a company to investors, banks, and external parties.
o qo qo qo qo qo qo qo
Answer: D q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
13) Which of the following is true of financial accounting information?q o q o q o q o q o q o q o q o q o
A) It is prepared based on cost-benefit analysis.
q o q o q o q o q o q o
B) It is primarily used by managers to make internal business decisions.
qo qo qo qo qo qo qo qo qo qo
C) It focuses on the past-oriented financial performance of a company.
qo qo qo qo qo qo qo qo qo
D) It only measures the cash transactions of a company.
qo qo qo qo qo qo qo qo
q Answer: C
o q o
Diff: 2 qo
Objective: 1 q o
AACSB: Analytical thinking q o q o
4
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