Multiple choice 19 questions managerial accounting

6. An example of a period cost is a(n):

A. selling cost

B. product cost

C. manufacturing cost

D. inventoriable cost

9. An example of a qualitative factor is:

A. an irrelevant cost

B. customer satisfaction

C. a relevant cost

D. increased income

13. Using ABC can help a firm:

A. reduce costs

B. increase the retail price of its products

C. decrease the wholesale prices of its products

D. reduce its workforce

14. The two methods for determining the cost of products are:

A. process and absorption costing

B. job order and consumer based costing

C. activity-based and process costing

D. job order and process costing

20. A typical example of a quantitative factor is:

A. the purchase price of a new machine

B. customer satisfaction

C. product quality

D. employee morale

21. Sunk costs:

A. can be changed by future actions only

B. can be changed by current actions only

C. can be changed by current or future actions depending on the situation

D. None of these answers is correct

22. Another term used for regression analysis is:

A. the least-squares method

B. the high-low metho

C. the engineering approach

D. scatter graphing

23. A method used to separate a mixed cost using experts or other professionals that are familiar with technical aspects of the activity and associated costs is the:

A. scatter graphing

B. high-low metho

C. engineering approach

D. regression analysis

24. Activity-based costing uses:

A. multiple cost pools to develop a single allocation rate

B. multiple cost pools to develop multiple allocation rates

C. a single cost pool to develop multiple allocation rates

D. a single cost pool to develop a single allocation rate

25. Manufacturing overhead allocated using ABC will:

A. be more accurate and representative of resources consumed than a traditional allocation method

B. always be lower than if a traditional allocation method is used

C. always be higher than if a traditional allocation method is used

D. generally be the same as when a traditional allocation method is used

27. Using another firm to make a product or part of a product, rather than making it internally, is an example of:

A. relevant costing

B. outsourcing

C. opportunity costing

D. special ordering

28. One benefit of using activity-based costing is that it:

A. views more costs as indirect costs and therefore they need to be allocated

B. is easier to use than more traditional methods

C. follows established GAAP guidelines and is therefore more accepted

D. reclassifies certain manufacturing overhead costs into direct components

29. There are several variations of the cost-volume-profit formula. One determines the required sales in dollars, while the other determines sales in units. The formula which determines required sales in dollars uses the:

A. break-even point in units

B. contribution margin ratio

C. contribution margin per unit

D. gross profit point

30. The break-even point is important to managers because it:

A. tells managers how far sales can decline before the company will incur a loss

B. determines the required sales in dollars to achieve a profit

C. is useful to owners and managers starting a business

D. Answers A and C are both correct

31. In a job order costing system the term “job” refers to a:

A. single unit

B. batch of units

C. process

D. Answers A and B are both correct

34. A product held for sale by a retailer is know as a(n):

A. common cost

B. liability

C. asset

D. indirect cost

35. The job order and process costing systems are:

A. not considered a part of management accounting

B. not interchangeable

C. based on GAAP

D. interchangeable

36. An appropriate cost allocation base should:

A. be correlated to the amount of administrative overhead incurred annually

B. be easy to identify, compute, and journalize

C. be correlated to the amount of overhead resources consumed

D. None of these answers is correct

38. Anita’s Art Gallery sells pictures for $50 each. She pays $20 for the print and frame, and pays the sales clerk 10% as a commission. She has $5,000 of monthly fixed costs as well. How many sales dollars in pictures does Anita need to sell to break even?

A. $12,500

B. $5,000

C. $20,000

D. $10,000

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers, and so ensure that our papers are 100 percent original. Our Team of professionals does not miss the mark; they ensure that step by step each paper is written uniquely. We never duplicate or work as we compare papers rest assured. We deliver our work a day before time to ensure that you don’t miss your deadlines. It is not only doing the work but delivering it at the right time. We capture the consequences of late remittances. .

Money-back guarantee

We value customer satisfaction here at and make sure that you get the best value for your Money. It happens that sometimes you can pay twice for your order or may want to cancel it, or you feel that it doesn’t meet your requirements; our money back guarantee will give you the opportunity to get back your money. We will also refund 100% of money paid double. In case your paper does not satisfy your requirements , we request that you notify us via writing within 2 days otherwise on the third day we will assume that you have been satisfied. Do all your correspondences through our email address

Read more

Zero-plagiarism guarantee

At, our professional writers know the consequence plagiarism does for our clients. We have updated software’s such as article checker and copyscape to check for originality of the custom papers before submission of the final paper to the you. Our guarantee to the customer is that we will write 100% original papers for them that are quality, timely and of low cost. We have experienced professional and competent PhD writers who will write quality custom papers for you..

Read more

Free-revision policy

. At, we are proud to provide top-quality Essay writing service to our esteemed customers. We are ready to take up that challenging academic assignment that is giving you sleepless nights and simplify it for you according to your desired requirements. We are willing to revise your paper if it does not meet your requirements. At, we do not compromise with quality; thus, we offer unlimited free revisions until the customer is satisfied with their custom paper. Our unlimited free revision services are provided under the following terms:.. .

Read more

Privacy policy knows that client’s information is an essential tool for our company. It means that whatever the client requests from our service is kept strictly confidential. It means that whoever writes for this company understands the terms and conditions hence you should not be worried because you will never see your work somewhere else...

Read more

Fair-cooperation guarantee

Rest assured that we will always be attentive to your needs and requirements. We belief in the phrase treat your neighbour as you would want them to treat you. We leave nothing to chance and always look forward to a good interaction with each other.. .

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages