Test Bank Fundamental Managerial Accounting Concepts, 10th Edition by Edmonds
1
,Chapter73173Management73Accounting73and73Corporate73Governance
Chapter73273Cost73Behavior,73Operating73Leverage,73and73Profitability73Analysis
Chapter73373Analysis73of73Cost,73Volume,73and73Pricing73to73Increase73Profitability
Chapter73473Cost73Accumulation,73Tracing,73and73Allocation
Chapter73573Cost73Management73in73an73Automated73Business73Environment:73ABC,73ABM,73and73TQM
Chapter73673Relevant73Information73for73Special73Decisions
Chapter73773Planning73for73Profit73and73Cost73Control
Chapter73873Performance73Evaluation
Chapter73973Responsibility73Accounting
Chapter731073Planning73for73Capital73Investments
Chapter731173Product73Costing73in73Service73and73Manufacturing73Entities
Chapter731273Job-Order,73Process,73and73Hybrid73Costing73Systems
Chapter731373Financial73Statement73Analysis
Chapter731473Statement73of73Cash73Flows
2
, Answers73Included7 3 ✅
Chapter7301731
0e
1) Which73of73the73following73items73are73representative73of73managerial73accounting?
Note:73Check73all73that73apply.
A) Financial73statement73in73accordance73with73GAAP
B) Monthly73sales73reports73used73internally73to73allocate73funds73to73divisions
C) Quarterly73financial73information73sent73to73investors
D) Audited73financial73statements73submitted73to73bankers73with73credit73application
E) Budget73projections73used73to73make73logistic73decisions
2) Which73of73the73following73costs73are73not73included73in73the73cost73of73manufacturing73a73product?
Note:73Check73all73that73apply.
A) Marketing
B) Production73workers'73wages
C) Factory73janitor's73wages
D) CEO73salary
E) Depreciation73on73manufacturing73equipment
3) Which73of73the73following73is73considered73a73downstream73cost?
Note:73Check73all73that73apply.
A) Research73and73development
B) Production73wages
3
, C) Advertising73cost
D) Warranty73cost
E) Cost73of73internet73in73manufacturing73plant
4) Which73of73the73following73are73examples73of73inventory73holding73costs?
Note:73Check73all73that73apply.
4
1
,Chapter73173Management73Accounting73and73Corporate73Governance
Chapter73273Cost73Behavior,73Operating73Leverage,73and73Profitability73Analysis
Chapter73373Analysis73of73Cost,73Volume,73and73Pricing73to73Increase73Profitability
Chapter73473Cost73Accumulation,73Tracing,73and73Allocation
Chapter73573Cost73Management73in73an73Automated73Business73Environment:73ABC,73ABM,73and73TQM
Chapter73673Relevant73Information73for73Special73Decisions
Chapter73773Planning73for73Profit73and73Cost73Control
Chapter73873Performance73Evaluation
Chapter73973Responsibility73Accounting
Chapter731073Planning73for73Capital73Investments
Chapter731173Product73Costing73in73Service73and73Manufacturing73Entities
Chapter731273Job-Order,73Process,73and73Hybrid73Costing73Systems
Chapter731373Financial73Statement73Analysis
Chapter731473Statement73of73Cash73Flows
2
, Answers73Included7 3 ✅
Chapter7301731
0e
1) Which73of73the73following73items73are73representative73of73managerial73accounting?
Note:73Check73all73that73apply.
A) Financial73statement73in73accordance73with73GAAP
B) Monthly73sales73reports73used73internally73to73allocate73funds73to73divisions
C) Quarterly73financial73information73sent73to73investors
D) Audited73financial73statements73submitted73to73bankers73with73credit73application
E) Budget73projections73used73to73make73logistic73decisions
2) Which73of73the73following73costs73are73not73included73in73the73cost73of73manufacturing73a73product?
Note:73Check73all73that73apply.
A) Marketing
B) Production73workers'73wages
C) Factory73janitor's73wages
D) CEO73salary
E) Depreciation73on73manufacturing73equipment
3) Which73of73the73following73is73considered73a73downstream73cost?
Note:73Check73all73that73apply.
A) Research73and73development
B) Production73wages
3
, C) Advertising73cost
D) Warranty73cost
E) Cost73of73internet73in73manufacturing73plant
4) Which73of73the73following73are73examples73of73inventory73holding73costs?
Note:73Check73all73that73apply.
4
