question - is responsible for the company's financial...

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Managerial accounting: (a)   is governed by generally accepted accounting  principles. (b)   places emphasis on special-purpose information. (c)   pertains to the entity as a whole and is highly  aggregated. (d)   is limited to cost data. Answer: (b)  places emphasis on special-purpose information. The management of an organization performs several broad functions. They are: (a)   planning, directing, and selling. (b)   planning, directing, and controlling. (c)   planning, manufacturing, and controlling. (d)   directing, manufacturing, and controlling. Answer: (b)  planning, directing, and controlling. After passage of the Sarbanes-Oxley Act of 2002: (a)   reports prepared by managerial accountants must  by audited by CPAs. (b)   CEOs and CFOs must certify that financial  statements give a fair presentation of the  company's operating results. (c)   the audit committee, rather than top management, 
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Unformatted text preview: is responsible for the company's financial statements. (d) reports prepared by managerial accountants must comply with generally accepted accounting principles (GAAP). Answer: (b) CEOs and CFOs must certify that financial statements give a fair presentation of the company's operating results Direct materials are a: (a) Manufacturing Overhead Yes (b) Manufacturing Overhead No (c) Manufacturing Overhead Yes (d) Manufacturing Overhead No Answer: (b) Manufacturing Overhead No Which of the following costs would a computer manufacturer include in manufacturing overhead? (a) The cost of the disk drives. (b) The wages earned by computer assemblers. (c) The cost of the memory chips. (d) Depreciation on testing equipment. Answer: (d) Depreciation on testing equipment....
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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question - is responsible for the company's financial...

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