管理會(huì)計(jì)作業(yè):Introduction to ManagementAccounting_第1頁(yè)
管理會(huì)計(jì)作業(yè):Introduction to ManagementAccounting_第2頁(yè)
管理會(huì)計(jì)作業(yè):Introduction to ManagementAccounting_第3頁(yè)
管理會(huì)計(jì)作業(yè):Introduction to ManagementAccounting_第4頁(yè)
管理會(huì)計(jì)作業(yè):Introduction to ManagementAccounting_第5頁(yè)
已閱讀5頁(yè),還剩31頁(yè)未讀, 繼續(xù)免費(fèi)閱讀

下載本文檔

版權(quán)說(shuō)明:本文檔由用戶(hù)提供并上傳,收益歸屬內(nèi)容提供方,若內(nèi)容存在侵權(quán),請(qǐng)進(jìn)行舉報(bào)或認(rèn)領(lǐng)

文檔簡(jiǎn)介

Chapter1:IntroductiontoManagementAccounting

1.1-1Managerialaccounting'sfocusistoprovideinfonnationforinternalplanningandcontrol.

Answer:True

Difficulty:1

LO:1-1

EOCRef:Sl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-2Managementaccountingoftenrequiresforward-lookingdatabecauseofthefuturisticnatureofmany

businessdecisions.

Answer:True

Difficulty:1

LO:1-1

EOCRef:Sl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-3ManagementaccountingisinfluencedsignificantlybytheSecuritiesExchangeCommission.

Answer:False

Difficulty:1

LO:1-1

EOCRef:Sl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-4Budgetpreparationisapartoftheplanningprocess.

Answer:True

Difficulty:1

LO:1-1

EOCRef:Sl-2

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-5Financialaccountingandmanagerialaccountingbothutilizetheaccrualbasisofaccounting.

Answer:True

Difficulty:1

LO:1-1

EOCRef:Sl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-6WhichofthefollowingisNOTanobjectiveofmanagementaccounting?

A)Toprovideinformationtobusinessmanagerstoassisttheminplanningfortheirbusiness

B)Toprovideinformationtobusinessmanagerstoassistthemincontrollingtheirbusiness

C)Toprovideinformationtoshareholderstoassistthemwiththeirinvestmentdecisions

D)Toassistbusinessmanagerswithrespecttoprovidingareturntotheownersofthebusiness

Answer:C

Difficulty:2

LO:1-1

EOCRefSl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-7Whichofthefollowingstatementsisincorrect?

A)Theprimaryusersofmanagementaccountingarcthecompany'smanagers.

B)Managementaccountinginformationisusedtohelpmanagersplanandcontroltheiroperations.

C)Managementaccountinginformationdoesnotrequireanexternalaudit.

D)Managementaccounting'sfinancialreportsarerestrictedbygenerallyacceptedaccountingprinciples.

Answer:D

Difficulty:2

LO:1-1

EOCRefSI-2

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-8Whichofthefollowingtypesofaccountingisdesignedtomeettheneedsofdecision-makersinsidea

company?

A)Financialaccounting

B)Taxaccounting

C)Managementaccounting

D)Auditing

Answer:C

Difficulty:1

LO:1-1

EOCRefEl-14

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-9Whichstatementiscorrect?

A)Managementaccountingusesthecashbasisandfinancialaccountingusestheaccrualbasistorecord

transactions.

B)Managementaccountingusesthecashbasistorecordtransactions.

C)Financialaccountingusesthecashbasistorecordtransactions.

D)Bothmanagementaccountingandfinancialaccountingusetheaccrualbasistorecordtransactions.

Answer:D

Difficulty:2

LO:1-1

EOCRefEl-14

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-10Whichofthefollowingstatementsisincorrect?

A)Managementusesaccountinginformationtodeterminethecostofproductsandservices.

B)Managementusesaccountinginformationtoplanandcontrolbusinessoperations.

C)Managementusesaccountinginformationtoreportthecompany'sfinancialpositionandresultsof

operationstoexternalparties.

D)Financialaccountingismorerelevanttouseforinternaldecisionmakingpurposesthanismanagement

accounting.

Answer:D

Difficulty:1

LO:1-1

EOCRefEl-14

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-11Whichofthefollowingstatementsaboutfinancialaccountingiscorrect?

A)Financialaccountinghelpsinvestorsmakedecisions.

B)Financialaccountingreportsdonotinfluenceinvestorbehavior.

C)Financialprovidesdetailedreportsonpartsofthecompany.

D)Financialaccountingprovideshelpinplanningandcontrollingoperations.

Answer:A

Difficulty:1

LO:1-1

EOCRefSl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-12Whichofthefollowingstatementsaboutmanagerialaccountingiscorrect?

A)ManagerialaccountingreportsareauditedannuallybyCertifiedPublicAccountants.

B)Managerialaccountingreportshelpinvestorsmakedecisions.

C)Managerialaccountingreportsprovidedetailedinformationonpartsofacompany.

D)ManagerialaccountingreportsmustfollowGenerallyAcceptedAccountingprinciples(GAAP).

Answer:C

Difficulty:1

LO:1-1

EOCRefSl-1

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.1-13Whichofthefollowingreportsmustbeauditedbycertifiedpublicaccountants?

A)Annualfinancialreports

B)Federaltaxreturns

C)Statetaxreturns

D)Managementaccountingreports

Answer:A

Difficulty:1

LO:1-1

EOCRefSI-2

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.2-1Duringthepastcentury,manydevelopedeconomieshaveshiftedtheirfocusfromaserviceeconomytoa

manufacturingeconomy.

Answer:False

Difficulty:1

LO:1-2

EOCRef:Sl-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:Global

AICPAFunctionalCompetencies:Reporting

1.2-2Increasedglobalcompetitionhasresultedinmanycompaniesmovingtheiroperationstoothercountries

tobeclosertonewmarkets.

Answer:True

Difficulty:1

LO:1-2

EOCRef:Sl-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:Global

AICPAFunctionalCompetencies:Reporting

1.2-3Whichofthefollowingisaphilosophyofprovidingcustomerswithsuperiorproductsandservices?

A)Just-in-time(JIT)

B)ERP

C)Supplychainmanagement

D)Totalqualitymanagement

Answer:D

Difficulty:2

LO:1-2

EOCRefSI-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.2-4Whichofthefollowingdescribesasysteminwhichsuppliersdelivermaterialsatthetimetheyare

neededandfinishedunitsarecompletedwhencustomerordersneedtobefilled?

A)Supplychainmanagement

B)Just-in-time(JIT)

C)Enterpriseresourceplanning

D)Totalqualitymanagement

Answer:B

Difficulty:2

LO:1-2

EOCRefSI-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.2-5Whatistotalqualitymanagement?

A)Aphilosophyofsupplyingcustomerswithsuperiorproductsandservices

B)Anexchangeofinformationwithsuppliersandcustomerstocreateefficientandeffectiveprocesses

C)Asoftwaresystemthatintegratesacompany'sfunctions,departmentsanddataintoasinglesystem

D)Asysteminwhichacompanyproduceswhatitneedswhenitneedsit

Answer:A

Difficulty:2

LO:1-2

EOCRefSI-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.2-6Whatisthenamegiventosoftwaresystemsthatcanintegrateallofacompany'sworldwidefunctions,

departmentsanddataintoasinglesystem?

A)AllinOneSoftware

B)EnterpriseResourcePlanning

C)TotalIntegratedSoftware

D)Just-in-time

Answer:B

Difficulty:2

LO:1-2

EOCRefS1-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-1Periodcosts,suchasdirectmaterials,areexpensedduringtheperiodthattheywereincurred.

Answer:False

Difficulty:1

LO:1-3

EOCRef:Sl-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-2Aservicecompany'sincomestatementdoesNOTincludecostofgoodssold.

Answer:True

Difficulty:1

LO:1-3

EOCRefSI-3

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-3WhichofthefollowingcostsdoNOTgodirectlyintotheworkinprocessaccount?

A)Factoryoverhead

B)Indirectlabor

C)Factoryjanitorialcosts

D)Thepurchaseofrawmaterials

Answer:D

Difficulty:2

LO:1-3

EOCRefEl-17

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-4Whichofthefollowingareperiodcosts?

A)Currentassetsonthebalancesheet

B)Costsincurredandexpensedduringtheaccountingperiod

C)Costsrelatedtothemanufactureofproducts

D)Currentliabilitiesonthebalancesheet

Answer:B

Difficulty:2

LO:1-3

EOCRefEl-16

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-5Whichofthefollowingisacharacteristicofaservicecompany?

A)Ittransformsrawmaterialsintofinishedgoods.

B)Itmakesaproduct.

C)Itdoesnothavetangibleproductsintendedforsale.

D)Ithasasinglecategoryofinventory.

Answer:C

Difficulty:2

LO:1-3

EOCRefEl-17

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-6Whichofthefollowingisanexampleofaperiodcost?

A)Advertisingexpense

B)Depreciationonfactoryequipment

C)Indirectmaterials

D)Propertytaxesonplant

Answer:A

Difficulty:1

LO:1-3

EOCRefEl-16

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.3-7Whichofthefollowingcouldbefoundontheincomestatementofaservicecompany?

A)Rentexpense

B)Costofgoodsmanufactured

C)Costofgoodssold

D)Manufacturingoverhead

Answer:A

Difficulty:1

LO:1-3

EOCRefEl-17

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.4-1Whichofthefollowingstatementsiscorrect?

A)Adecreaseinfinishedgoodsmeansthatcostofgoodsmanufacturedisgreaterthancostofgoodssold.

B)Adecreaseinworkinprocessmeansthatcostofgoodssoldisgreaterthancostofgoodsmanufactured.

C)Adecreaseinrawmaterialsimpliesthatthecostofmaterialsusedinproductionexceedsthecostofthe

materialspurchased.

D)Adecreaseinworkinprocessmeansthatcostofgoodsmanufacturedwaslessthanthemanufacturing

costsincurred.

Answer:C

Difficulty:2

LO:1-4

EOCRefSI-6

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.4-2Whichofthefollowingisaninventoryaccountforamerchandisecompany?

A)Workinprocessinventory

B)Manufacturingoverheadinventory

C)Merchandiseinventory

D)Finishedgoodsinventory

Answer:C

Difficulty:1

LO:1-4

EOCRefEl-18

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.4-3Whichofthefollowingcostswouldappearontheincomestatementsforbothamerchandiseranda

manufacturer?

A)Directlaborincurred

B)Costofgoodsmanufactured

C)Directmaterialsused

D)Operatingexpenses

Answer:D

Difficulty:I

LO:1-4

EOCRefEl-18

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.4-4Amerchandiser'spurchasesareequivalenttowhatforamanufacturer?

A)Materialsinventory

B)Costofgoodsmanufactured

C)Workinprocessinventory

D)Costofgoodssold

Answer:B

Difficulty:1

LO:1-4

EOCRefEl-18

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.4-5ThefollowinginformationpertainstoBrightToyCompany'soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatisthecostofgoodsavailableforsalefor2009?

A)$140,000

B)$126,000

C)$104,000

D)$130,000

Answer:A

Difficulty:2

LO:1-4

EOCRefSI-5

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.4-6ThefollowinginformationpertainstoBrightToyCompany'soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatisthecostofgoodssoldfor2009?

A)$104,000

B)$124,000

C)$130,000

D)$140,000

Answer:C

Difficulty:2

LO:1-4

EOCRefSI-5

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.4-7ThefollowinginformationpertainstoBrightToyCompany*soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatisthegrossprofitfor2009?

A)$120,000

B)$130,000

C)$140,000

D)$136,000

Answer:A

Difficulty:2

LO:1-4

EOCRefSI-5

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.4-8ThefollowinginformationpertainstoBrightToyCompany'soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatistheoperatingincomefor2009?

A)$250,000

B)$140,000

C)$30,000

D)$90,000

Answer:C

Difficulty:2

LO:1-4

EOCRefSI-6

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.4-9ThefollowinginformationpertainstoBrightToyCompany'soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatistheprofitmarginpercentage?

A)12%

B)56%

C)100%

D)36%

Answer:A

Difficulty:2

LO:1-4

EOCRefSI-6

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.4-10ThefollowinginformationpertainstoBrightToyCompany'soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatisthegrossprofitpercentage?

A)48%

B)56%

C)36%

D)100%

Answer:A

Difficulty:2

LO:1-4

EOCRefSI-6

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.4-11ThefollowinginformationpertainstoBrightToyCompany*soperatingactivitiesfor2009.Thecompany

sellslightboxtoysandsold10,000unitsin2009.

Purchases$126,000

SellingandAdministrativeExpenses90,000

Merchandiseinventory,1/1/200914,000

Merchandiseinventory,12/31/200910,000

SalesRevenue250,000

Whatisthecostperlightboxsoldin2009?

A)$13.00

B)$12.40

C)$14.00

D)$10.40

Answer:A

Difficulty:2

LO:1-4

EOCRefSI-6

AACSB:AnalyticSkills

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Measurement,Reporting

1.5-1GAAPrequirescompaniestotreatproductcostssuchasfactoryoverheadasanassetuntiltheproductis

sold.

Answer:True

Difficulty:2

LO:1-5

EOCRefSI-7

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-2Costofgoodsmanufacturedincludesdirectmaterials,directlabor,andmanufacturingoverhead.

Answer:True

Difficulty:2

LO:1-5

EOCRefSI-8

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-3Manufacturingoverheadincludesallmanufacturingcostssuchasdirectlaboranddirectmaterials.

Answer:False

Difficulty:2

LO:1-5

EOCRefSl-10

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-4Manufacturingoverheadincludesindirectcostssuchasinsuranceanddepreciationonthefactory

building.

Answer:True

Difficulty:2

LO:1-5

EOCRefSl-10

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-5Amanufacturer^inventoryconsistsofrawmaterials,workinprocess,andfinishedgoods.

Answer:True

Difficulty:2

LO:1-5

EOCRefSl-11

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-6Anincreaseinfinishedgoodsinventoryimpliesthatcostofgoodssoldwasgreaterthancostofgoods

manufactured.

Answer:False

Difficulty:2

LO:1-5

EOCRefSl-11

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-7Sellingandadministrativeexpensesaresubtractedfromcostofgoodssoldtoobtainoperatingincome.

Answer:True

Difficulty:1

LO:1-5

EOCRefSl-11

AACSB:ReflectiveThinking

AICPABusinessPerspectiveCompetencies:CriticalThinking

AICPAFunctionalCompetencies:Reporting

1.5-8Anincreaseintheworkinprocessaccountduringtheyearmeansthatcostofgoodsmanufacturedwas

greaterthanthemanufacturingcostsincurredduringtheyear.

溫馨提示

  • 1. 本站所有資源如無(wú)特殊說(shuō)明,都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請(qǐng)下載最新的WinRAR軟件解壓。
  • 2. 本站的文檔不包含任何第三方提供的附件圖紙等,如果需要附件,請(qǐng)聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶(hù)所有。
  • 3. 本站RAR壓縮包中若帶圖紙,網(wǎng)頁(yè)內(nèi)容里面會(huì)有圖紙預(yù)覽,若沒(méi)有圖紙預(yù)覽就沒(méi)有圖紙。
  • 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
  • 5. 人人文庫(kù)網(wǎng)僅提供信息存儲(chǔ)空間,僅對(duì)用戶(hù)上傳內(nèi)容的表現(xiàn)方式做保護(hù)處理,對(duì)用戶(hù)上傳分享的文檔內(nèi)容本身不做任何修改或編輯,并不能對(duì)任何下載內(nèi)容負(fù)責(zé)。
  • 6. 下載文件中如有侵權(quán)或不適當(dāng)內(nèi)容,請(qǐng)與我們聯(lián)系,我們立即糾正。
  • 7. 本站不保證下載資源的準(zhǔn)確性、安全性和完整性, 同時(shí)也不承擔(dān)用戶(hù)因使用這些下載資源對(duì)自己和他人造成任何形式的傷害或損失。

評(píng)論

0/150

提交評(píng)論