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Correct 2172021 chapter 6 quiz managerial accounting

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2/17/2021Chapter 6 Quiz: Managerial Accounting - ACC121_500$75,000$10,0002 / 2 ptsQuestion 11The reason of difference in net operating income under variable costingand absorption costing is:Correct!Correct!
7/14Operational costing
Change in variable costChange in fixed cost2 / 2 ptsQuestion 12Absorption costing is also known as:Correct!Correct!
2/17/2021Chapter 6 Quiz: Managerial Accounting - ACC121_5002 / 2 ptsQuestion 13Variable costing is also known as:Correct!Correct!
8/14Always higher than variable costingAlways equal to break-even pointAlways equal to variable costing2 / 2 ptsQuestion 15A business segment that is responsible for all of its revenues andexpenses is known as:
2 / 2 ptsQuestion 14When inventory decreases, the net operating income under absorptioncosting is:Always lower than variable costingCorrect!Correct!
2/17/2021Chapter 6 Quiz: Managerial Accounting - ACC121_500
9/14government and tax agenciesinvestors and stockholders
2 / 2 ptsQuestion 16Under absorption costing, the unit product cost includes:Correct!Correct!
Direct materials, direct labor, and variable overheadDirect materials, direct labor, and fixed overheadDirect materials and direct labor2 / 2 ptsQuestion 17The reports generated by variable costing system of a company is mostlyused by:Correct!Correct!
2/17/2021Chapter 6 Quiz: Managerial Accounting - ACC121_5000 / 2 ptsQuestion 18Consider the following information:Net operating income under variable costing $50,000Decrease in inventory during the period5,000 unitsFixed manufacturing overhead$100,000Number of units produced during the period25,000 unitsBased on the above information, the net income under absorption costingis:$70,000ou Answeredou Answered
10/14
$50,000$150,000$30,000orrect Answerorrect Answer2 / 2 ptsQuestion 19Which of the following is not included while computing unit product costunder variable costing:
2/17/2021Chapter 6 Quiz: Managerial Accounting - ACC121_50011/14fixed manufacturing overhead costCorrect!

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Term
Spring
Professor
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Tags
Revenue, Direct materials cost

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