2 q - ACCT 640 Managerial Accounting 1. Which of the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Which of the following is true of Managerial Accounting? b. Uses cost-benefit analysis to determine the amount of detail presented. 2. The best example of using managerial accounting information to help organizations succeed includes which of the following? a. implementing strategies. 3. Managerial accounting information is used by which of the following managers? d. All of the answers are correct. 4. Considering the time dimension, how does managerial decision making compare with external performance evaluation? Managerial Decision Making External Performance b. Past Future 5. Income forgone from not using an asset in its best economic alternative is an example of which of the following type of cost? d. opportunity cost. 6. Any item for which the manager wishes to measure cost is called a(n) c. cost object. Little League Baseball Manufacturer The Little League Baseball Manufacturer purchases materials for the production of customized little league baseball bats, hires workers to convert the materials to customized finished baseball bats, and then offers the customized baseball bats for sale to little league teams and the general public. 7. Refer to Little League Baseball Manufacturer. Manufacturing costs such as cleaning supplies which are not easily traced to a specific customized baseball bat fall into which of the following categories? c. manufacturing overhead costs. 8. Refer to Little League Baseball Manufacturer. Manufacturing costs, such as the wages for janitorial staff to sweep and mop the floors, that are not easily traced to a specific customized baseball bat fall into which of the following categories? c. manufacturing overhead costs. 9. Refer to Little League Baseball Manufacturer. Manufacturing costs such as the cost of the high quality hard woods specifically selected by the customer for producing their own customized baseball bat fall into which of the following categories? a.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

2 q - ACCT 640 Managerial Accounting 1. Which of the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online