Managerial Accounting-MBA Prep Works
Final Question and answers already
passed 2025
true - correct answer ✔as the production level increases the cost per unit
decreases for a fixed cost (true or false)
controller - correct answer ✔Eric Henley is starting his career as a
management accountant with Jalo, INC. Most likely, he will be placed in which
department?
true - correct answer ✔in the long run, all fixed costs become variable (true
or false)
IMA - correct answer ✔a certifies management accountant (CMA) is
expected to live by a code of ethics promulgated by the ______
backward looking - correct answer ✔financial information reported in an
annual report is _______ _________
forward looking - correct answer ✔financial information reported in internal
management documents are ______ _____
false - correct answer ✔fixed cost per unit remains the same over all levels
of production (true or false)
CFO and Board of Directors - correct answer ✔The director of auditing in
most large corporations has two bosses, the ______ and ______ ___ _____
, certified public accountant - correct answer ✔what does CPA stand for?
a managerial accountant - correct answer ✔the budget is a document
usually prepared by:
management - correct answer ✔managerial accounting reports are prepared
for:
there are none - correct answer ✔which of the following is a managerial
accounting GAAP?
production department - correct answer ✔what department has a flexible
budget?
variable costs - correct answer ✔costs that change in total with increased
production are
true - correct answer ✔decreasing cost per unit indicates an element of fixed
cost is present (true or false)
auditing - correct answer ✔which area houses the largest group of
management accountants?
true - correct answer ✔a variable cost changes in total over increasing
amounts of units produced (true or false)
False - correct answer ✔Direct materials are a conversion cost (true or false)
Final Question and answers already
passed 2025
true - correct answer ✔as the production level increases the cost per unit
decreases for a fixed cost (true or false)
controller - correct answer ✔Eric Henley is starting his career as a
management accountant with Jalo, INC. Most likely, he will be placed in which
department?
true - correct answer ✔in the long run, all fixed costs become variable (true
or false)
IMA - correct answer ✔a certifies management accountant (CMA) is
expected to live by a code of ethics promulgated by the ______
backward looking - correct answer ✔financial information reported in an
annual report is _______ _________
forward looking - correct answer ✔financial information reported in internal
management documents are ______ _____
false - correct answer ✔fixed cost per unit remains the same over all levels
of production (true or false)
CFO and Board of Directors - correct answer ✔The director of auditing in
most large corporations has two bosses, the ______ and ______ ___ _____
, certified public accountant - correct answer ✔what does CPA stand for?
a managerial accountant - correct answer ✔the budget is a document
usually prepared by:
management - correct answer ✔managerial accounting reports are prepared
for:
there are none - correct answer ✔which of the following is a managerial
accounting GAAP?
production department - correct answer ✔what department has a flexible
budget?
variable costs - correct answer ✔costs that change in total with increased
production are
true - correct answer ✔decreasing cost per unit indicates an element of fixed
cost is present (true or false)
auditing - correct answer ✔which area houses the largest group of
management accountants?
true - correct answer ✔a variable cost changes in total over increasing
amounts of units produced (true or false)
False - correct answer ✔Direct materials are a conversion cost (true or false)
