MANAGERIAL ACCOUNTING MIDTERM - MANAGERIAL ACCOUNTING...

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MANAGERIAL ACCOUNTING MIDTERMThese are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.Date Taken:3/24/2017Time Spent:3 h , 25 min , 02 secsPoints Received:180 / 190 (94.7%)Question Type:# Of Questions:# Correct:Multiple Choice1010Essay4N/AGrade Details - All QuestionsPage: 12Question 1.Question :(TCO 1) Setting a sales goal of a 12% year-over-year increase in sales is an example of which management responsibility?Student Answer:PlanningDirectingControllingDecision making
Instructor Explanation:See Chapter 1.Points Received:7 of 7Comments:Question 2.Question :(TCO 1) Which of the following statements regarding financial accounting and managerial accounting is correct?
Instructor Explanation:See Chapter 1.Points Received:7 of 7Comments:Question 3.Question :(TCO 1) Which of the following is an inventoriable product cost?
Instructor Explanation:See Chapter 2.Points Received:7 of 7Comments:Question 4.Question :(TCO 1) Which of the following is a period cost?
Instructor Explanation:See Chapter 2.Points Received:7 of 7Comments:Question 5.Question :(TCO 1) Which of the following is a variable cost?Student Answer:The salary of the plant managerRent for the factoryTotal expense for shipping products to customersInsurance for the headquarters office building
Instructor Explanation:See Chapter 2.Points Received:7 of 7Comments:Question 6.Question :(TCO 1) Which of the following is a conversion cost?
Instructor Explanation:See Chapter 2.Points Received:7 of 7
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