ACC 561 Final Exam Guide / uopacc561dotcom
For more course tutorials visit www.uopacc561.com 1) According to the Financial Executives Institute, one function of controllership is _____. 2) Performance reports _____. 3) Budgets _____. 4) Ethical accountants are important to society because _____. 5) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of competence includes: 6) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of objectivity includes _____. 7) Which scorecard function is associated with making non-routine decisions?
For more course tutorials visit
www.uopacc561.com
1) According to the Financial Executives Institute, one function of controllership is _____.
2) Performance reports _____.
3) Budgets _____.
4) Ethical accountants are important to society because _____.
5) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of competence includes:
6) According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of objectivity includes _____.
7) Which scorecard function is associated with making non-routine decisions?
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Total fixed costs for the period are $456,840. The contribution marginper desk is _____.23) Hug Me Company produces dolls. Each doll sells for $20.00.Variable costs per unit total $14.00, of which $6.25 is for directmaterials and $5.25 is for direct labor. If total fixed costs are$435,000, then the break even volume in dollars is _____.24) If the sales price per unit is $100, the unit variable cost is $75, andtotal fixed costs are $150,000, then the break even volume in dollarsales rounded to the nearest whole dollar is _____.25) _____ of approximating cost functions does not involve theanalysis of past costs.26) In relation to a cost function, the term reliability means_____.27) The _____ method of measuring cost functions is the least reliable.28) _____ is a name for a system that first accumulates overheadcosts for each of the activities of an organization, and then assigns thecosts of activities to the products, services, or other cost objects thatcaused that activity.
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