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2 the control function includes a implementing the

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2The control function includes:a)Implementing the planning decisions;b)Selecting organization goals;c)Deciding how to attain the desired results;d)Preparing budgets;NumberAnswerNumberAnswerNumberAnswer01.d06.c11.d02.a07.d12.c03.b08.a13.d04.c09.a14.c05.c10.a15.c
3The Institute of Management Accountants’ Standards of Ethical Conduct for ManagementAccountants includes standards on:
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Haigazian UniversityFaculty of Business Administration & EconomicsACC 213 - Cost & Managerial AccountingExam I - Summer 2010-2011Date - 22 July 2011;Time - 7:30 to 8:45;Duration:75 minutes;Location - Mehagian 206;4Butler Co.'s production costs for July areDirect materials - $120,000Direct labor -$108,000Factory overhead -$6,000What is the amount of costs traceable to specific products?
5Inventoriable costs:
6If the beginning monthly balance of materials inventory was $37,000, the ending balance was$39,500 and $257,800 of materials were used, the cost of materials purchased during the monthwas:a) $297,300b) $255,300c) $260,300d) $257,80037K + P -39,500 = 257,800; P = 260,300
7Direct labor costs are wages paid to:
8Which of the following isnotan assumption of cost-volume-profit analysis?
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Haigazian UniversityFaculty of Business Administration & EconomicsACC 213 - Cost & Managerial AccountingExam I - Summer 2010-2011Date - 22 July 2011;Time - 7:30 to 8:45;Duration:75 minutes;Location - Mehagian 206;c.The behavior of revenues and expenses is accurately portrayed as linear over the relevantrange.d.The number of output units is the only driver.

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Managerial Accounting, Haigazian University, Business Administration Economics

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