****A distinguishing function of managerial bookkeeping is a. external individuals b. general-function reports c. incredibly thorough reports d. quarterly and annual reports

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****What tasks and duties are not linked via management"s attribute a. planning b. Accountcapability c. Controlling d. Directing
Planning is a duty that requires a. hiring the right world for a details job b. coordinating the accounting indevelopment system c. setting purposes and missions for an entity d. analyzing financial statements
****Which of the complying with is not a administration function ? a. constraining b. planning c. controlling d. directing
****The work of manufacturing facility employees that deserve to be physically and directly linked with converting raw products right into finished items is a. manufacturing overhead b. indirect materialsc. instraight labor d. direct labor
Which among the adhering to would certainly not be classified as production overhead ?a. Indirect labor b. Direct products c. Insurance on manufacturing facility structure d. Indirect materials
****Manufacturing price encompass a. direct products and direct labor only b. direct products and production overhead just c. straight labor and production overhead only d. direct materials, straight labor, and also production overhead
The inventory accounts that show the cost of completed items on hand also and the expenses applicable to manufacturing that is only partly completed are, respectively a. work in process inventory and also raw products inventory b. finiburned products inventory and raw materials inventory c. finished products inventory and also occupational in procedure inventory d. raw products inventory and also work-related in procedure inventory
Which of the following is just one of the components of price accountancy ? a. it involves measuring product costsb. it entails the determicountry of firm profits c. it requires GAAP to be used d. It needs expense minimizing principles
****A major objective of expense accounting is to a. classify all prices as operating or non operating b. measure, document, and report period expenses c. carry out indevelopment to stockholders for investment decisions d. meacertain, document, and also report product costs
****The 2 basic forms of cost accountancy units are a. task order and project buildup device b. project order and also procedure cost devices c. procedure price and also batch systemsd. task order and also batch systems
****Process costing is provided as soon as a. the production process is constant b. manufacturing is aimed at filling a specific customer order c. dissimilar products are associated d. prices are to be assigned to certain jobs
****As of December 31, 2008, Stand Still Industries had $1,500 of raw materials inventory. At the start of 2008, tright here was $1,200 of products on hand also. During the year, the firm purchased $183,000 of materials; but, it paid for only $175,000. How much inventory was requisitioned for use on work throughout 2008? a. $175,200 b. $182,700 c. $183,300 d. $175,800
a. It is a type offered to document the prices chargeable to a particular job and also to determine the complete and unit expenses of the completed job
****Which of the following ideal describes a task price sheet? a. It is a type used to document the prices chargeable to a specific task and also to recognize the full and unit costs of the completed job b. It is supplied to track production overhead prices to specific tasks c. It is offered by administration to understand exactly how direct expenses affect profitability d. It is a daily form that management offers for tracking worker efficiency on which employee raises are based
****In a process cost device, a. a work-related in procedure account is preserved for each product b. a materials requisition should recognize the task on which the materials will certainly be provided c. a Work in procedure account is preserved for each process d. one Work in Process account is maintained for all the processes, similar to a job order cost system
Which of these best mirrors a separating factor in between a. project order cost mechanism and also a procedure cost mechanism ?a. The detail at which expenses are calculated b. The time period each coversc. The variety of job-related in process accounts d. The production cost elements included
****Which of the following production price facets occurs in a process expense device ? a. Direct materials b. Direct labor c. Manufacturing overhead d. All of these
****Materials requisition are a. not offered in process costing b. generally used more generally in process costing than project order costing c. mainly offered less commonly in process costing than job order costing d. used generally by latter stage manufacturing departments
****A product needs handling in two departments, Department A and also the Department B, prior to it is completed. Cost moved out of Department A will certainly be moved to a. Finiburned Goods Inventory b. Cost of Goods marketed c. Work in procedure ---Department B d. Manufacturing overhead
A procedure with no beginning job-related in process, completed and transferred out 45,000 devices throughout a period and had 30,000 systems in the ending job-related in procedure inventory that were 30% finish. The indistinguishable devices of manufacturing for the period werea. 45,000 identical devices b. 75,000 equivalent devices c. 54,000 tantamount units d. 22,500 indistinguishable units
It is essential to calculate indistinguishable units of manufacturing in a department bereason a. a physical count of devices is difficult b. some devices functioned on in the department are not fully complete c. the physical devices in the department are always 100% finish d. at times a department might usage a project order price mechanism and the switch to a process cost system
****Gantner Company had actually the complying with department information around physical units and percent of completion: Physical Units Work in process, May 1 (60%) 36,000Completed and moved out. 90,000 Work in process, May 31 (40%). 30,000If materials are included at the begging of the production procedure, what is the complete variety of indistinguishable devices for the products during May? a. 126,000 b. 120,000 c. 116,400d. 102,000
****An task that has actually a direct cause-impact relationship via the resources consumed is a(n)a. price driver b. overhead price c. price pool d. product activity
The expenses that are simplest to trace directly to commodities are a. straight materials and straight labor b. direct labor and also overhead c. direct materials and overhead d. namong the above; all 3 expenses are equally straightforward to trace to the problem
a. allocates overhead to multiple activity expense pools, and also it then assigns the task price pools to assets and services by suggests of cost drivers
****Activity-based-costing a. allocates overhead to multiple task expense pools, and also it the asindications the activity cost pools to assets and solutions by means of price drivers b. accumulates overhead in one expense pool, then asindicators the overhead to products and solutions by suggests of cost driver c. asauthorize activity price pools to commodities and also solutions, then allocates overhead back to the activity expense pools d. allocates overhead directly to assets and solutions based on task levels
****Ordering products, establishing up devices, assembling commodities, and also inspecting commodities are examples ofa. expense chauffeurs b. overhead cost poolsc. straight labor expenses d. non production activities
An activity-based overhead rate is computed as followsa. actual overhead divided by actual use of price driversb. approximated overhead divided by actual use of price drivers c. actual overhead split by estimated usage of cost chauffeurs d. estimated overhead separated by approximated usage of price drivers
Use of activity-based costing will cause the advance ofa. one overhead price based upon straight labor hrs b. one planet-wide-activity-based overhead price c. multiple activity-based overhead prices d. no overhead rates; overhead rates are not used in activity-based costing
****The initially action in activity-based costing is to a. assign manufacturing overhead costs for each activity price pool to assets b. compute the activity-based overhead rate per cost driver c. identify and also classify the significant activities connected in the manufacture of specific commodities d. determine the price driver that has actually a solid correlation to the activity cost pool
****One of Jetchild Company"s activity cost pools is inspecting, with estimated overhead of $100,000. Jetchild produces throw rugs (700 inspections) and location rugs (1,300 inspections). How a lot of the inspecting expense pool have to be assigned to throw rugs?a. $35,000 b. $50,000 c. $53,846 d. $100,000
****For an task to be helpful in price actions evaluation a. the activity must constantly be declared in dollars b. there need to be a correlation between changes in the level of activity and transforms in prices c. the activity should constantly be declared in terms of systems d. the activity level should be continuous over a duration of time
****A variable cost is a cost that a. varies per unit at eextremely level of task b. occurs at assorted times throughout the year c. varies in total in propercentage to alters in the level of activity d. may or might not be incurred, relying on management"s discretion
A price which continues to be consistent per unit at various levels of task is a a. variable expense b. solved expense c. blended expense d. manufacturing cost
****An increase in the level of task will certainly have actually the adhering to results on unit costs for variable and also resolved costs: Unit Variable expense Unit Fixed Cost a. Increases decreases b. Remains consistent. stays continuous c. Decreases stays constant d. stays consistent decreases
****A fixed expense is a expense whicha. varies in full via alters in the level of task b. continues to be continuous per unit via transforms in the level of activity c. varies inversely in full with alters in the level of task d. continues to be constant in total with alters in the level of activity
****The equation which shows a CVP revenue statement is a. sales = Cost of products offered + Operating prices + Net Income b. Sales + Fixed expense = Variable expenses + Net Income c. Sales - Variable expenses + Fixed costs = Net Income d. Sales - Variable prices - solved expenses = Net income
The break-even allude is where a. total shares equal complete variable prices b. contribution margin equals total addressed costs c. total variable costs equal complete resolved costs d. full sales equal total fixed costs
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Bundle: Intermediate Accounting 16e Binder Ready Version + WileyPLUS Access Code1sixth EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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