Reference no: EM132515523
Question 1: Managerial Accounting reports are prepared
a.For external uses
b. All of these are correct
c. According to GAAP guidelines
d. To meet the needs of decision makers within the firm
Question 2: Product or Service Costing influences:
a.production managers making manufacturing decisions.( wrong)
b.finance managers making investment decisions.
c.all of the other four answers are true.
d.marketing managers making pricing decisions.
e.human resource managers making salary decisions.
Question 3: Which types of these special short run decisions is management likely to need to make?
a. Accept or reject a special order.
b.Pricing standard products.
c.Sell now or process further.
d.All four of the other answers require short run management decisions.
e.Make it yourself or buy it from outside ( wrong).
Question 4: Bailey Company incurred the following costs in manufacturing desk calculators:
Direct materials $18
Indirect materials (variable) 3
Direct labor 9
Indirect labor (variable) 7
Other variable factory overhead 13
Fixed factory overhead 34
Variable selling expenses 26
Fixed selling expenses 12
- During the period, the company produced and sold 2000 units. What is the inventory cost per unit using variable costing?
Question 5: The following information is provided for Company Z.
Per Unit Total $ %
Sales Revenue (1,500 Units) $25.00 $37,500 100%
Variable Costs 10.00 15,000 40
Contribution Margin 15.00 22,500 60
Fixed Costs 10.00 15,000
Net Income 5.00 7,500
What is the Breakeven Point in Dollars?
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