管理会计15版选择题.docx

CHAPTER 1:Quiz/Demonstration Exercises Learning Objective 1 1. The major internal users of accounting information are _.a.managers who use information for day-to-day operating decisionsb.investors for investment ernment authoritiesd. none of the above 2.In the European Union external reporting must comply with _.a. GAAPb. IFRSc. IRSd. FASBLearning Objective 2 3.Which of the following should be considered in the selection of an accounting system?a.behavioral effects of the system on managersb.costs of buying and operating the systemc.improved decision-making power resulting from the systemd.all of the aboveLearning Objective 3 4.Concentrating on areas that need attention and ignoring areas that appear to be running smoothly is called _a. variance analysisb. management by exceptionc. management smoothingd. budget analysis 5. Which of the following is not an example of a special report?a.cash flow reportb.customer petitor analysisd.advertising impact analysisLearning Objective 4 6. The various stages through which a product passes are called:a. planning cycleb. control periodc. budget cycled. product life cycle7. The focus on customers occurs in which functions of the value chain? a.research and ductionc.marketingd.distributione.all of the above8. The value-chain.is a set of business functions that _.a.are of equal importanceb.are non-value added functionsc.are preferable functionsd.are value-added functionse.are only related to distribution9. The functions of planning for control, evaluating and consulting, and governmental reporting are typically assumed within organizations by _.a.the company treasurerb.the company controllerc.the company vice president of marketingd.external auditors10. The treasurer function includes _.a. tax administrationb. evaluating and consultingc. investor relationsd. economic appraisalLearning Objective 511. The CMAs must pass an exam that includes _.a. financial controlb. financial decision makingc financial planningd. all of the above12. Which designation is the internal accountants counterpart to the CPA?a. CAb. CMAc. CFPd. none of the aboveLearning Objective 6 13. Trends that are causing changes in management accounting today include:a.advances in technologyb.increased global competitionc.a shift from a manufacturing to a service-based economyd.A and Be.A, B, and C14. A step in changes in business process management to gain efficiency by continuous process improvement to eliminate waste from the entire enterprise is called _.a. just in timeb. lean manufacturingc. waste managementd. none of the aboveLearning Objective 715. Ethical obligations of management accountants are governed by the IMA Statement of Ethical Professional Practice, which outlines responsibilities regarding _.a.incompetence, full disclosure of all information, moral decay, and partisanshipb.assisting in maximizing profits regardless of the means petence, confidentiality, integrity, and objectivityd. none of these16. In the IMAs Statement of Ethical Professional Practice, which of the following is not an example of Competence?a. provide decision support information and recommendations that are accurate b. avoid actual or apparent conflicts of interestc. maintain an appropriate level of professional expertised. perform professional duties in accordance with relevant lawsCHAPTER 2:Quiz/Demonstration Exercises Learning Objective 1 1. Cost drivers _.a.can be volume basedb.affect the total level of costs incurred by companiesc.are activities that cause costs to be incurredd.all of these2. Production is one of the value-chain functions. Which one of the following is not an example of a cost driver for production costs?a. labor hoursb. number of people supervisedc. sales dollarsd. machine hoursLearning Objective 2 3. Which of the following will not remain constant, if the level of cost-driver activity increases within the relevant range?a.variable cost per unit b.total variable costsc.total fixed costsd. total costse. A and C.f. B, C, and D 4.The limits of cost-driver activity within which a specific relationship between costs and the cost driver is valid is called _.a. variable rangeb. total rangec. relevant ranged. valid rangeLearning Objective 3Items 5 and 6 are based on the following data:Maple, Inc., produces and sells the finest quality pool tables in all of Alameda County, California. The company expects the following sales and expenses in 2011 for its tables:Sales (1,000 tables $400 per table)$ 400,000Variable expenses 200,000Fixed expenses 120,000 5. How many tables must be sold in order for Hardwood, Inc., to break even?a. 200b. 400c. 600d. 8006. What dollar amount of sales of tables is necessary to break even?a. $60,000b. $120,000c. $150,000d. $240,000Learning Objective 4 7. Which of the following is not an assumption of cost-volume-profit analysis?a.The behavior of revenues and expenses is accurately portrayed and is linear over the relevant range.b.Expenses can be classified into variable and fixed categories.c.Sales mix will be constant.d.Efficiency and productivity will both increase.e. The inventory level at the end of the period will be insignificantly different from that at the beginning.8. Increase in contribution margin per unit _. a. increases break-even pointb. decreases break-even pointc. does not change break-even pointd. means there is a change in fixed cost per unitLearning Objective 5Items 9 and 10 are based on the following data (ignore income taxes): Mapple, Inc., manufactures and sells Ipeds. A projected income statement for the expected sales volume of 100,000 Ipeds is as follows:Sales$7,500,000Variable expenses 3,000,000Contribution margin$4,500,000Fixed expenses 2,500,000Before-tax profit$2,000,000 9. How many Ipeds would need to be sold to have a before-tax profit of $2,900,000?a.110,000 d. 140,000b.120,000 e.100,000c.130,000f.none of the above10. What dollar sales volume would be required to achieve $3,500,000 of before-tax profit?a. $7,000,000b. $7,500,000c. $9,500,000d. $10,000,000e. some other amountLearning Objective 611. The difference between sales and cost of goods sold is commonly called _.a.contribution marginb.operating incomec.gross profitd.excess sales12. If variable selling expenses increase, then contribution margin (assuming all else constant) must _.a. stay the sameb. increasec. decreased. need more informationLearning Objective 713. TwinCo produces and sells two products. Product A sells for $8 and has variable expenses of $3. Product B sells for $18 and has variable expenses of $10. It predicts sales of 20,000 units of A and 10,000 units of B. Fixed expenses are $100,000 per month. Assume that TwinCo hits its sales goal for February of $600,000, and exceeds its expected before-tax profit of $70,000. What has happened?a.TwinCo sold 40,000 units of product A and no product B.b.TwinCo sold more of both products A and B than expected.c.TwinCo sold more of product A and less of product B than expected.d.TwinCo sold more of product B and less of product A than expected.14.Breakeven in units for a multi-product firm is calculated as fixed costs divided by _.a. the sum of the contribution margin percentages for each productb. the weighted average contribution margin of all the productsc. the sum of the individual product contribution marginsd. it is not possible to calculate breakeven in units for a multi-product firmLearning Objective 815.Refer to the data provided for Mapple, Inc., in problems 9 and 10. Now assume that Mapple, Inc., is subject to a 40% tax. How many Ipeds must it sell to achieve an after-tax income of $1,500,000?a.111,111 b.333,333 c. 66,666 d.142,85716. After-tax profit equals before-tax profit _.a. multiplied by the tax rateb. multiplied by 1 minus the tax ratec. divided by the tax rated. divided by 1 minus the tax rateCHAPTER 3:Quiz/Demonstration Exercises Learning Objective 1 1. A cost that changes abruptly at intervals of activity because the resources and the costs come in indivisible chunks is called a(n) _ cost.a.indivisible b.mixedc.activity d.step 2. The portion of a mixed cost that remains constant per unit with activity within the relevant range.a.indivisibleb.fixedc.variabled.stepLearning Objective 2 3. Managers influence cost behavior through their _. a.technology duct and service decisionsc.capacity decisionsd. all of thesee.only A and B4. One of the following costs is an example of a discretionary fixed cost.a. investment in production equipmentb. investment in the factoryc. electricity costsd. research and development costse. raw material purchasesLearning Objective 3 5. In the cost function equation Y = F + VX, V represents the _.a.total cost at the X level of activityb.fixed cost at the Y level of activityc.variable cost per unit of activity Xd.variable cost at the F level of activity 6.In the cost function equation Y = F + VX, F represents the _.a. slopeb. interceptc. dependent variabled. independent variableLearning Objective 4 7. Which of the following may use activity analysis?a.Apple Inc.b.Google c.Price Waterhouse, Coopers LLP (international auditing, tax, and consulting firm)d.only A and Be. only Cf. A, B, and C 8.Activity analysis provides cost drivers for cost functions. The cost functions should _.a. predict costsb. be plausiblec. be reliabled. have benefits that outweigh the costse.A, B, C, and D f.only A and Dg. only A, C, and DLearning Objective 5 9. The cafeteria department at Olmstead Center incurred the following costs for September 20x7:Monthly CostSeptember 20x7 AmountManagers salary$ 9,000Hourly workers wages and benefits 28,000Food 12,000Equipment depreciation and rental 11,000Supplies 4,000Total cafeteria costs$64,000The cafeteria served 12,500 meals during the month. Using an account analysis to classify costs, the cost function for Olmsteads cafeteria department is _ per meal.a.$20,000 + $3.52b.$20,000 + $1.62 c.$44,000 + $1.60 d.$44,000 + $3.52Use the following information for questions 10 through 12.The cafeteria department at Mercy Hospital has experienced the following costs and number of meals served from January through September of 20x7: Month Cafeteria Costs Meals Served January $31,800 8,800 February 34,400 9,000 March 36,900 9,800 April 38,300 10,200 May 38,600 10,500 June 34,700 9,200 July 36,300 9,700 August 43,000 12,000 September 41,200 11,50010. Using the high-low method of cost estimation, the variable cost per meal served is _. a.$2.666b. $2.76c. $3.50d. $3.5411. The estimate of the fixed costs of running the cafeteria department using the high-low method is _. a.$ 630b.$ 1,000c.$ 10,733d.$ 10,92812. The cost function derived using the high-low method, which can be used to estimate the costs of running the cafeteria is _.a.$630 + $3.54Xb.$10,733 + $2.666Xc.$1,000 + $3.50Xd.$10,928 + $2.76Xe.$10,733 + $2.7613. Axel Corp. used regression analysis to predict the annual cost of indirect materials. The results were as follows:Regression Output:Constant $21,890Std Err of Y Est $ 4,560R Squared 0.7832Number of Observations 22X Coefficient(s) 11.75Std Err of Coef. 2.1876What is the linear cost function?a.Y = $20,100 + $4.60Xb.Y = $21300 + $2.1876Xc.Y = $21,890 +11.75Xd.Y = $ 4,560 + $5.15XCHAPTER 4: Quiz/Demonstration ExercisesLearning Objective 11. The primary purposes of a cost-management system do not include _.a.operational controlb.cost allocationc.strategic management decisionsd.inventory valuation2.The cost accounting system typically involves two processescost allocation/assignment and _.a.cost estimationb.optimal cost mixc.cost accumulationd.cost identificationLearning Objective 2 3.The tracing or reassigning of costs to one or more cost objectives is referred to as _.a.mixed-up costingb.cost allocationc.historical costingd.cost making4.A sacrifice or giving up of resources of particular purpose is called _.a.cost objectiveb.costc.objectived.allocation baseLearning Objective 3Items 5 and 6 are based on the following data:MARIO, Inc., incurred the following costs in 2010 in producing video games: WagesMaterials usedMachine operators$350,000Computer chips$300,000Factory janitors 20,000Casings 200,000Factory supervisor 50,000Labels 100,000Glue 25,0005.Marios 2010 product indirect labor was _. a. $ 20,000b. $ 70,000c. $ 350,000d. $ 370,0006.Marios product direct materials costs for 2010 were _.a. $ 625,000b. $ 600,000c. $ 300,000d. $ 25,000Learning Objective 6 7.Which of the following can be inventory costs?a.raw materialsb.indirect laborc.direct labord. factory overheade. only A, B, and Cf.A, B, C, and D 8.YIPPEE Company had the following partial balance sheet for the year ended 20x7.Cash$ 400,000Accounts receivable 50,000Merchandise inventories5,773,420Plant and equipment1,000,000YIPPEE is an example of a _.a.merchandise companyb.service companyc.wholesale organizationd.none of theseLearning Objective 79.The cost accounting system that uses a single cost pool for all indirect production costs is called _.a. activity-based costingb. traditional costingc. single-level costingd. all of the above10. A cost pool is a group of costs that is allocated to cost objectives using _.a. at least two cost driversb. the number of products madec. the number of products soldd. only one cost drivere.no more than five cost driversLearning Objective 911.The fourth step in the design and implementation of an activity-based-costing system is _.a. calculate and interpret the activity-based informationb. collect relevant data concerning costsc. determine cost objectivesd.develop a process-based map that represents the flow of activities12.Activity-based costing usually can _.a. decrease the number of cost driversb. reduce the accuracy of the cost allocationsc. turn indirect costs into direct costsd.decrease the amount of money spent on a systemCHAPTER 5:Quiz/Demonstration ExercisesLearning Objective 1 1. In making managerial decisions, relevant information involves _ costs that _ between alternatives.a.future; do not differb.future; differ c.past; do not differd.past; differ2. For a revenue to be irrelevant to a particular decision, the revenue must _.a. differ between the alternatives being consideredb. be a past revenuec. be a future revenued. A and Be. A and Cf.only CLearning Objective 2 3. The role of historical data from the accounting system in making managerial decisions is _.a.to serve directly as inputs in decision modelsb.to assist in making predictions about other information needed for making decisionsc.to assist in making predictions that are inputs to a decision modeld.none of the above4. What is the last portion of the decision process?a. feedbackb. prediction methodc. implementation and evaluationd. decision modelLearning Objective 3Items 5 and 6 are based on the following data:In 20X1, its first year of operations, Horn Gren, Inc., manufactured 110,000 units of its single product, ties. Variable manufacturing costs were $6 per unit of product. Fixed manufacturing costs were $110,000 and are based on the production volume of 110,000 units. Horn Gren sold 100,000 ties during the year at an average selling price of $10. Variable selling costs were 50 per tie and fixed selling and administrative costs were $80,000.5.Horn Grens operating income using the absorption approach for 20X1 is _.a. $0 b. $300,000 c. $170,000 d. $160,0006.Horn Grens operating income using the contribution approach for 20X1 is _.a. $0 b. $300,000 c. $170,000 d. $160,000Learning Objective 4Use the following information for questions 7 and 8.Tire Tread Inc. sells tires. A partial income statement for a typical month is given below.Sales (10,000 tires) $ 100,000Costs: Direct Materials$ 20,000 Direct Labor 16,000 Overhead (50% variable) 20,000 56,000Gross Profit$ 44,000A local car dealer has offered to buy 500 tires for an upcoming promotion