管理会计习题及答案

管理会计习题及答案

Ⅰ. Choose the best answer for each of the following. Only one answer is correct.

1. Which of the following is the objective of management accounting System?

P4 ( D )

A. To provide information for costing.

B. To provide information for planning, controlling, evaluation, and continuous

improvement．

C. To provide information for decision making．

D. All of the above．

2. Any difference between absorption-costing income and variable-costing income is due

to the differing treatment of P458 ( C )

A. selling and administrative expense.

B. overhead.

C. fixed overhead.

D. variable overhead.

3.The cost of flexible resources is ( A )

A. variable cost.

B. a committed fixed cost.

C. discretionary fixed cost.

D. a period expenses.

4．Which of the following is a production (or unit-level) driver? ( D )

A. Direct labor hours.

B. Direct materials.

C. Direct machine hours.

D. All of the above.

5．If investigation revealed that the unfavorable materials usage variance is the result of the lower-quality materials, whoshould be responsible for it? ( B )

A. the production manager.

B. the purchasing department.

C. maintenance manager.

D. personnel department.

6．If the variable cost per unit goes up,

Contribution margin Break-even point ( C )

A. increases increases

B. decreases decreasesC. decreases increases

D. increases remains unchanged

7. The major differences between functional and activity-based budgeting are found within

P230 ( B )

A. the direct materials and direct labor categories.

B. the overhead and selling and administration expenses categories.

C. the direct materials and the overhead categories.

D. the direct labor and the overhead categories.

8. Which of the following is not an advantage of the use of ROI? ( B ) P399

A. It encourages managers to focus on the relationship among sales, expenses, and

investment, as should be the case for a manager of an investment center.

B. It encourages managers to focus on the profitability of the overall firm.

C. It encourages managers to focus on cost efficiency.

D. It encourages managers to focus on operating assets efficiency.

9．If there is a perfectly competitive outside market for the transferred product, the correct transfer price is ( C )

A. the negotiated transfer price.

B. the cost-based transfer price.

C. the market price.

D. All of the above.

10. The cost assignment approach that assigns the costs of direct materials, direct labor, and

overhead to products using quantity and price standards is called ( C ) P250

A. actual costing.

B. normal costing.

C. standard costing.

D. target costing.

11. Mutually exclusive capital budgeting projects are those that ( D ) P553

A. if accepted will produce a positive net present value.

B. if accepted will produce a positive payback period.

C. if accepted or reject do not affect the cash flows of other projects.

D. if accepted precludes the acceptance of all other competing projects.

12. To record cost variances, we can follow a general rule: （D ）P268

A. all inventories are carried at standard cost.

B. actual costs are never entered into an inventory account.

C. unfavorable variances are always debits, and favorable variances are always credits.

D. All of the above.13. Which of the following organizations need management accounting information?

( D )

A. manufacturing organizations

B. health care

C. legal service

D. all of the above

14. Which of the following is an example of batch-level activities? ( C )

A. Direct labor activity

B. Plant depreciation

C. setup activity

D. Marketing a product

15. Which of the following is an example of relevant cost? ( C )

A. Sunk cost.

B. Allocations of common fixed costs.

C. opportunity cost.

D. None of the above.

16. What “product cost” means depends on the managerial objective being served. If the

managerial objective is external financial reporting, product cost means ( A ) P40

A. Production cost.

B. Operating product cost.

C. Marketing cost.

D. Value-chain product cost.

17．Which budget is the basis for all of the other operating budgets and most of the

financial budgets? ( A )

A. The sales budget

B. The production budget

C. The direct materials purchases budget

D. The cash budget

18. A cost that, in total, varies in direct proportion to changes in activity output is a ( B )

A. fixed cost

B. variable cost

C. mixed cost

D. step cost

19. One reason that firms may decide to decentralize is to ( D )

A. train and motivate managers