Multiple Choice Question 45
Managerial accounting is applicable to
A.service entities.
B.manufacturing entities.
C.not-for-profit entities.
D.All of these.
Multiple Choice Question 46
Management accountants would not
be concerned with the impact of cost and volume on profits.
determine cost behavior.
prepare reports primarily for external users.
assist in budget planning.
Multiple Choice Question 54
A distinguishing feature of managerial accounting is
general-purpose reports.
very detailed reports.
quarterly and annual reports.
external users.
Multiple Choice Question 56
Planning is a function that involves
hiring the right people for a particular job.
analyzing financial statements.
setting goals and objectives for an entity.
coordinating the accounting information system.
Multiple Choice Question 59
A manager that is establishing objectives is performing which management function?
Directing
Planning
Constraining
Controlling
Multiple Choice Question 64
Both direct materials and indirect materials are
sold directly to customers by a manufacturing company.
manufacturing overhead.
merchandise inventory.
raw materials.
Multiple Choice Question 65
The work of factory employees that can be physically and directly associated with converting raw materials into finished goods is
indirect labor.
manufacturing overhead.
indirect materials.
direct labor.
Multiple Choice Question 66
Which one of the following would not be classified as manufacturing overhead?
Indirect materials
Indirect labor
Direct materials
Insurance on factory building
Multiple Choice Question 67
Manufacturing costs include
direct labor and manufacturing overhead only.
direct materials and manufacturing overhead only.
direct materials, direct labor, and manufacturing overhead.
direct materials and direct labor only.
Multiple Choice Question 69
Which one of the following is not a cost element in manufacturing a product?
Office salaries
Manufacturing…