Exam 11.When management compares the budget to actual results, which of the following is being fulfilled?a.Directingb.Controllingc.Decision-makingd.–
2.Budgets are the way that managers can accomplish which management function?
3.Which of the following persons or groups would be LEAST likely to receive detailed managerial accounting reports?
4.Which of the following statements is TRUE about managerial accounting information?
5.A company ships out pre-ordered merchandise the last week of December, instead of in mid-January as originally scheduled, to ensure a profit for the year. This action could be seen as a violation of what ethical standard?a.Competenceb.Confidentialityc.Integrityd.All of the above
6.Your company manufactures furniture. The cost of the cushions that are used to manufacture sofas is best described as a:
7.Manufacturing overhead includes