Ôn Bài

Common users of managerial accounting reports include the following

• Operations manager and loan officer

• Chief financial officer and public shareholder

• Public shareholder and loan officer

• Chief financial officer and operations manager

    A publishing company is researching the reading habits of the United Kingdom's population. It randomly selects a number of locations from around the UK and then interviews everyone who lives in these locations. What is this approach to sampling known as?

• Systematic sampling

• Quota sampling

• Stratified sampling

• Cluster sampling

1.      Variable costs are conventionally deemed to

• Be constant per unit of output

• Vary per unit of output as production volume changes

• Be constant in total when production volume changes

• Vary, in total, from period to period when production is constant

1.      Which one of the following would be classified as indirect labor?

• Assembly workers on a car production line

• Bricklayers in a house building company

• Forklift truck drivers in the stores of a furniture production company

• Tutors in a private education business

Which cost centre has the highest hourly overhead absorption rate?

• Production Cost Centre A

• Production Cost Centre B

• Production Cost Centre c

• Production Cost Centre D

1.      An abnormal loss would arise when:

(i) Total losses are less than expected

(ii) Total losses are greater than expected

(iii) Total output is less than expected

(iv) Total output is greater than expected

Which one of the following is correct?

• (i) only

• (i) and (ii)

• (ii) and (iii)

• (iii) and (iv)

1.      Which of the following statements about management accounting information is/are true?

(i) They must be stated in purely monetary terms.

(ii) Limited companies must, by law, prepare management accounts.

(iii) They serve as a future planning tool and are not used as an historical record.

• (i), (ii), and (iii)

• (ii) only

• (i) and (ii)

• None of the statements is true

Under absorption costing, the total cost of a product will include

• Direct costs only

• Variable costs only

• All direct and indirect costs excluding a share of fixed overhead

• All direct and indirect costs

1.      Which of the following statements is/are correct?

(i) A by-product is a product produced at the same time as other products which has a relatively low volume compared with the other products

(ii) Since a by-product is a saleable item it should be separately costed in the process account, and should absorb some of the process costs

(iii) Costs incurred prior to the point of separation are known as common or joint costs

• (i) and (ii)

• (i) and (iii)

• (ii) and (iii)

• (iii) only

   Good information should have certain qualities. Which of the following are qualities of good information?

(i)         Extensive

(ii)        Complete

(iii)       Accurate

(iv)       Relevant

• (i), (ii) and (iii)

• (ii), (iii) and (iv)

• (ii) and (iv)

• All of them