Accounting Assignment Questions
We prepared a huge article with a list of questions for accounting assignments that might be useful for you, if you need to get more, you visit the website. https://www.accountingassignmenthelp.net/
We prepared a huge article with a list of questions for accounting assignments that might be useful for you, if you need to get more, you visit the website. https://www.accountingassignmenthelp.net/
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Management <strong>Accounting</strong> <strong>Assignment</strong><br />
<strong>Questions</strong><br />
1. Management can compute the per-unit cost of finished goods accurately<br />
only when a job order cost system is in use. True or false?<br />
2. Is it true that two steps required in Activity Based Costing are identifying<br />
separate activity cost pools and allocating each cost pool to the product<br />
using an appropriate cost driver?<br />
3. Direct materials used, direct labor, and manufacturing overhead are<br />
included among the expenses listed in the income statement of a<br />
manufacturing company. Ture or false?<br />
4. Managers need information from the management accounting system<br />
because? (Tick the one untrue answer)<br />
A) They cannot get this from the financial accounts<br />
B) The financial accounts are not detailed enough<br />
C) The financial accounts are prepared too late<br />
D) The financial accounts are prepared for each part of the organization and<br />
the management accounts are prepared for the whole organization.<br />
5. A management accountant in a decentralized organisation…. (Tick the one<br />
true answer)<br />
A) Needs less information than one in a centralized organization<br />
B) Is given more responsibility<br />
C) Needs the same reporting information system as one in a centralized<br />
organization<br />
D) Gets paid less money than one in a centralized organization<br />
6. If production volume increases then:<br />
A) Total variable cost decreases while variable cost per unit is constant.<br />
B) Variable cost per unit is constant while total variable cost increases.
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