(精选)管理会计选择题

管理会计Chapter11. How is management accountable to the owners of the company?A. Providing goods and services at a reasonable priceB. Providing a safe work environmentC. Making loan paymentsD. Providing a return on investments2.Indicate whether the following are characteristics of financial accounting(F) or management accounting (M).Primary users are investors and stakeholders F The focus is on relevance of the information and looking towards the future M Concern exists on how information affects employees M Rules are prescribed by Generally Accepted Accounting Principles (GAAP) F Reports are usually summarized and prepared on a quarterly or annual basis F3. Which of the following is NOT a current business trendA. A shift to a product-based economyB. Global competitionC. Just-in-time managementD. Total quality management4. Identify the following as product or period costs for a merchandiser: Cost of inventory items productAdvertising periodSalaries periodFreight-in productDelivery expense period5. Which of the following is an inventory account of a manufacturing company?A. Direct materialsB. Work in processC. Finished goodsD. All of the above6. Which of the following is an indirect cost of a manufacturer?A. Direct materialB. Direct laborC. Manufacturing overheadD. All of the above8. Which inventory account is used to compute Cost of goods sold for a manufacturer?A. Direct materialsB. Work in processC. Finished goodsD. Merchandise inventory9. What is the difference between“total manufacturing costs incurred”and “cost of goods manufactured”?A. The change in Work in process inventory.B. Total manufacturing costs does not include manufacturing overhead.C. Cost of goods manufactured only includes direct costs.D. There is no difference.10. Which of the following is a required ethical standard of the Institute of Management Accountants?A. Maximization of profitB. ProductivityC. EfficiencyD. Integrity答案：1.D 3.A 5.D 6.C 8.C 8.A 10.DChapter31. Activity-based costing:A. determines a cost driver for each production activity.B. is less accurate than using a predetermined overhead application rate.C. is less common in a competitive business environment.D. is all of the above.2. Under ABC, which of the following would be a reasonable cost driver for materials handling?A. Direct labor hoursB. Machine hoursC. Number of partsD. Square feet of warehouse3. What types of decisions are made with activity-based management?A. PricingB. Product mixC. Cost cuttingD. All of the above4. This method of pricing begins with the amount customers are willing to pay and subtracts desired profit to determine the desired cost.A. Traditional costingB. Target pricingC. Market-based costingD. Price profit analysis5. Which of the following is NOT a characteristic of just-in-time (JIT) production?A. Small quantity of materials on handB. Machines and workers grouped in “cells”C. Strong relationship with suppliersD. Minimization of lost sales6. What is unique about accounting for product costs in a JIT system?A. Costs aren’t recorded until the goods are complete.B. Manufacturing overhead is not allocated to goods.C. Cost of goods sold is an estimate.D. All of the above are true.7. Continuous improvement is an essential piece of which management approach?A. Profit maximizationB. Total quality managementC. Autocratic approachD. Efficiency model8. Which of the following of the four quality costs is likely to be the most expensive?A. PreventionB. AppraisalC. Internal failureD.External failure9. Product testing is an example of which quality cost?A. PreventionB. AppraisalC. Internal failureD. External failure10. Training personnel is an example of which quality cost?A. PreventionB. AppraisalC. Internal failureD. External failure1.A2.C3.D4.B5.D6.A7.B8.D9.B 10.AChapter 51. Which of the following is most likely a variable cost?A. Factory rentB. Property taxesC. DepreciationD. Sales commissions2. This type of cost per unit remains constant, while the total cost increases with activity.A. VariableB. FixedC. MixedD. Semi-variable3. This type of unit cost decreases with activity, but the total cost remains constant.A. VariableB. FixedC. MixedD. Semi-variable4. Which of the following would most likely be a mixed cost?A. Direct laborB. Straight-line depreciationC. UtilitiesD. Office salaries5. The simplest method to split a mixed cost into its fixed and variable components is called:A. fixed-variable separation.B. high-low method.C. multiple regression.D. breakeven analysis.6. Which of the following is an assumption of CVP analysis?A. Costs can be classified as either fixed or variable.B. Volume is the only factor that impacts costs.C. Fixed costs don’t change.D. All of the above are true.7. The sales level where net income equals zero is called:A. the break even point.B. zero sum sales.C. net loss.D. deficit earnings.8. Excess sales over breakeven sales is referred to as:A. absorption potential.B. margin of safety.C. margin of error.D. contribution margin.9. An increase in total fixed costs would:A. increase contribution margin and increase the break even point.B. increase the break even point only.C. increase contribution margin and decrease the break even point.D. decrease contribution margin and increase the break even point.10. Contribution margin equals:A. sales – variable costs.B. sales – fixed costs.C. fixed costs – variable costs.D. sales – variable costs – fixed costs1.D2.A3.B4.C5.B6.D7.A8.B9.B 10.AChapter 61. Which approach assigns both variable and fixed manufacturing costs to products?A. Absorption costinB. Variable costingC. Neither absorption nor variable costingD. Both absorption and variable costing2. Which approach assigns variable manufacturing costs to products?A. Absorption costingB. Variable costingC. Neither absorption nor variable costingD. Both absorption and variable costing3. Sales revenue minus Cost of goods sold equals?A. Contribution marginB. Operating incomeC. Gross profitD. Product profit4. Sales revenue minus Variable cost of goods sold equals?A. Product profitB. Gross profitC. Contribution marginD. Operating income5. Assuming no beginning inventory, if production is greater than sales, which of the following is TRUE?A. Ending inventory would be lowest under absorption costingB. Ending inventory would be highest under variable costingC. Operating income would be highest under variable costingD. Operating income would be highest under absorption costing6. Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed manufacturing costs of $100,000.Add-it-up produced 10,000 calculators in June and sold 9,000. What isAdd-it-up’s COGS using absorption costing?A. $300,000B. $270,000C. $280,000D. $180,0007. Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed manufacturing costs of $100,000.Add-it-up produced 10,000 calculators in June and sold 9,000. What is Add-it-up’s COGS using variable costing?A. $300,000B. $270,000C. $280,000D. $180,0008. Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed manufacturing costs of $100,000.Add-it-up produced 10,000 calculators in June and sold 9,000. What isAdd-it-up’s ending inventory using absorption costing?A. $0B. $31,110C. $30,000D. $20,0009. Add-it-up Co. has variable manufacturing costs of $20 per calculator and fixed manufacturing costs of $100,000.Add-it-up produced 10,000 calculators in June and sold 9,000. What is Add-it-up’s ending inventory using variable costing?A. $0B. $31,110C. $30,000D. $20,00010. Which statement is most correct?A. GAAP requires absorption costing.B. Absorption costing is more in-line with JIT inventories.C. Variable costing is preferred by financial accountants.D. Variable costing allows “hiding”of costs in inventory.1.A2.D3.C4.C5.D6.B7.D8.C 9,.D10.AChapter 71. Which of the following is NOT a benefit of budgeting?A. It forces managers to plan.B. It promotes communication.C. It provides a benchmark.D. It guarantees profitability.2. Which budget is considered the cornerstone of the master budget?A. The sales budgetB. The production budgetC. The capital expenditures budgetD. The cash budget3. Which of the following is the correct order to calculate budgeted production?A. Beginning inventory + Production– Ending inventoryB. Budgeted sales+ Ending inventory – Beginning inventoryC. Ending inventory – Budgeted sales+ Beginning inventoryD. Budgeted sales + Beginning inventory + Ending inventory4. Which budgets make up the financial budget?A. Cash budgetB. Budgeted balance sheetC. Budgeted income statementD. All of the above5. Which of the following is correct?A. The direct labor budget is prepared before the production budget.B. The direct materials budget is prepared after the ending finished goods inventory budget.C. The production budget is prepared before the manufacturing overhead budget.D. None of the above are correct.6. A company plans to sell 1,000 CD players in June and 2,000 in July, with an average sales price of $20. They collect 30% in the month of sale and 70% in the month following the sale. How much cash is collected from customers in July? A. $26,000 B. $14,000C. $28,000D. $ 6,0007. A company’s direct materials budget shows $50,000 in direct materials purchases for April and $60,000 for May. The company pays 60% in the month of purchase and 40% in the month following the sale. How much were cash payments for directmaterials in May?A. $56,000B. $54,000C. $66,000D. $30,0008. Which of the following will NEVER appear on a cash budget?A. Rent paidB. DepreciationC. Cash paid for manufacturing overheadD. Advertising paid9. The budgeted income statement shows:A. budgeted cost of goods sold.B. cash payments for direct materials.C. cash payments for dividends.D. all of the above.10. Sensitivity analysis:A. allows managers to perform what-for analysis.B. allows managers to predict stock markets.C. is a function performed by the human resource department.D. is none of the above.1.D2.A3.B4.D5.C6.A7.A8.B9.A 10.D Chapter 81. A flexible budget:A. is prepared for different activity levels.B. separates variable costs from fixed costs.C. shows variances as favorable or unfavorable.D. is all of the above.2. If the flexible budget sales amount is greater than the amount on the master (static) budget, the result is a(n):A. favorable sales volume variance.B. unfavorable sales volume variance.C. favorable flexible budget variance.D. unfavorable flexible budget variance.3. If a company was trying to improve its labor quantity variance, it would:A. consider pay rates.B. eliminate fringe benefits.C. use time-and-motion studies.D. do all of the above.4. Over which variance do production managers have the least control?A. Direct material quantity varianceB. Direct materials price varianceC. Direct labor quantity varianceD. Direct labor price variance9. Which overhead variance shows how well managers controlled overhead costs?A. Total overhead varianceB. Overhead flexible budget varianceC. Overhead production volume varianceD. Overhead price variance10. When a company uses a standard cost accounting system, for which amount is the Materials inventory account debited when purchases are made?A. Standard quantity x standard priceB. Actual quantity x actual priceC. Standard quantity x actual priceD. Actual quantity x standard price11. In a standard costing income, how would an unfavorable labor price variance affect Cost of goods sold?A. IncreaseB. DecreaseC. No effect1.D2.A3.C4.D 9.B 10.D 11.AChapter 91. Which of following is NOT a service department?A. PayrollB. Physical PlantC. Graphic ServicesD. DVD Profit Center2. A Service department:A. usually generates no revenues.B. provides repairs for customers.C. allocates revenues to shared resources.D. does all of the above.3. Which of the following would be the best choice for allocating shared facilities costs?A. Relative operating expensesB. Number of hours of useC. Number of employeesD. None of the above4. Which allocation base may a company use if cost data are not available or are too costly to collect?A. Relative amount of revenueB. Relative amount of operating incomeC. Neither A nor BD. Either A or B5. Tool Warehouse’s payroll division services the wrench and the hammer departments. The wrench department has 4 employees and the hammer department has 6 employees. The payroll division incurred $10,000 in costs. How much shared payroll cost will be allocated if costs are shared based on number of employees?A. $4,000 to the hammer departmentB. $4,000 to the wrench departmentC. $6,000 to the wrench departmentD. $10,000 to the wrench department6. Tool Warehouse’s payroll division services the wrench and the hammer departments. The wrench department has 35 and the hammer department has 65 employee requests per month. The payroll division incurred $10,000 in costs. How much shared payroll cost will be allocated if costs are shared based on number ofrequests?A. $6,500 to the hammer departmentB. $6,500 to the wrench departmentC. $3,500 to the hammer departmentD. $10,000 to the hammer department7. Which of the following is a system for evaluating the performance of a manager of a cost, revenue, profit, or investment center?A. Budget accountingB. Responsibility accountingC. Variance accountingD. None of the above8. The manager of this type of responsibility center focuses on increasing sales revenue and controlling costs. This is a(n):A. cost center.B. revenue center.C. profit center.D.investment center9. The type of responsibility center that primarily focuses on keeping expenses down is a(n):A. cost center.B. revenue center.C. profit center.D. investment center.10. The manager of this type of responsibility center has a goal of increasing economic value added. This is a(n):A. cost center.B. revenue center.C. profit center.D. investment center1.D2.A3.B4.D5.B6.A7.B8.C9.A 10.DChapter 101. Costs that cannot be changed because they occurred in the past are called:A. relevant costs.B. sunk costs.C. fixed costs.D. variable costs.2. Which qualitative characteristic should managers consider as relevant?A. Impact on employee moraleB. Customer relationsC. Impact on qualityD. All of the above3. When should a special sales order be accepted?A. If the reduced price covers all costs to make the productB. If the reduced price covers all fixed costs allocated to the productC. If the reduced price covers all the variable costsD. In all cases when there is excess capacity4. Which of the following is a characteristic of a price-setter?A. Unique productsB. Intense competitionC. Target pricing approachD. All of the above5. The pricing method that begins with the sales price and subtracts the desired profit is called:A. cost-plus pricing.B. target pricing.C. sales less profit pricing.D. profit-focused pricing.6. Which of the following is NOT a factor in deciding whether to drop a product?A. Negative contribution marginB. Impact on sales of other productsC. Unavoidable fixed costsD. Use of freed capacity7. Which of the following is a constraint of a manufacturer?A. Labor hoursB. Machine hoursC. Available materialsD. All of the above8. The decision rule on outsourcing states that a company should outsource if:A. the incremental cost of making the product exceeds the cost to outsource.B. the incremental cost of making the product is less than the cost to outsource.C. fixed costs are unaffected by outsourcing.D. the contribution margin of the product is positive.9. A company decides against outsourcing a product. If it had outsourced, the freed capacity could have been used to earn revenue. This is an example of a(n):A. sunk cost.B. opportunity cost.C. unavoidable fixed cost.D. irrelevant cost.10. Which of the following is a consideration when deciding whether to sella product “as is” or process it further?A. The cost of processing furtherB. The pricing model emphasizedC. Unavoidable fixed costs incurredD. All of the above1.A2.D3.C4.A5.B6.C7.D8.A9.B 10.AChapter 111. Which of the following decisions would NOT fall under capital budgeting?A. Purchasing new equipmentB. Building a new facilityC. Buying a short-term investmentD. Automating production2. When estimating future cash inflows from a capital investment, which of the following are included?A. Future cash revenue generatedB. Future savings in operating costsC. Future residual valueD. All of the above3. The decision rule regarding the payback period states that the:A. shorter the payback period, the more attractive the investment.B. longer the payback period, the more attractive the investment.C. payback period should exceed the asset’s life.D. payback period should be compared to the internal rate of return.4. A criticism of the payback period is that it:A. uses operating income instead of cash flows.B. focuses only on the time value of money.C. de-emphasizes risk of assets with longer lives.D. ignores cash flows after the payback period.5. The unique element of the accounting rate of return method is:A. its focus on operating income instead of cash flows.B. its use of time value of money.C. that it ignores cash flows later in the asset’s life.D. that it generates a unique rate of return.6. You want to invest in an account today that earns 10% interest, so that you can have a $10,000 down payment(分期付款中的头期款 on a home in five years. The formula used to compute the amount to invest is:A. PV factor (i = 10%, n = 5) x $10,000.B. Annuity PV factor (i = 10%, n = 5) x $10,000.C. FV factor (i = 10%, n = 5) x $10,000.D. Annuity FV factor (i = 10%, n = 5) x $10,000.7. What factor affects the time value of money?A. Principal – the amount of the investedB. Interest rateC. Time amount is investedD. All of the above8. Which of the following capital budgeting methods uses the time value of money?A. Payback periodB. Accounting rate of returnC. Internal rate of returnD. All of the above9. The profitability index would most likely be used with which of the following capital budgeting methods?A. Payback periodB. Accounting rate of returnC. Internal rate of returnD. Net present value method10. Which of the following capital budgeting methods sets the cost of the investment to equal the present value of its expected cash inflows?A. Payback periodB. Accounting rate of returnC. Internal rate of returnD. Net present value1.C2.D3.A4.D5.A6.A7.D8.C9.D 10.CChapter 121. Which of the following is NOT an advantage of decentralization?A. Provides trainingB. Supports use of expert knowledgeC. Improves customer relationsD. Helps goal congruence2. Financial performance measures:A. tend to be lag indicators.B. are lead indicators.C. focus on the long-term.D. are all of the above.3. The balanced scorecard:A. focuses mainly on financial goals.B. uses key performance indicators.C. contains three perspectives.D. is all of the above.4. Market share is a key performance indicator of which balanced scorecardperspective?A. FinancialB. CustomerC. Internal BusinessD. Learning & Growth5. Employee turnover is a key performance indicator of which balanced scorecard perspective?A. FinancialB. CustomerC. Internal BusinessD. Learning & Growth1.D2.A3.B4.B5.D。