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Accounting Expert Needed Please! 13) In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is less

Accounting Expert Needed Please!

13) In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is less likely to:

a. Focus upon the entire organization as the accounting entity.

b. Focus upon future accounting periods.

c. Make use of estimated amounts.

d. Be tailored to the specific needs of an individual decision maker.

*

14) Which of the following is not one of the three types of inventories of a manufacturing company?

a. Raw materials inventory.

b. Work in process inventory.

c. Product inventory.

d. Finished goods inventory.

*

15)Debits to the Manufacturing Overhead account record:

a. The actual amounts of overhead costs incurred during a period.

b. The amount of overhead applied to production during a period.

c. The amount of overhead incurred on a specific job.

d. All conversion costs of a period.

*

16) The method used by managers when comparing unit costs with budgeted costs or other measures is broadly known as:

a. Sales management.

b. Cost control.

c. Employee evaluation.

d. Account reconciliation.

*

17)The type of cost accounting system best suited to a particular company depends on:

a. The nature of the company's manufacturing operations.

b. The requirements set forth by the FASB.

c. Government regulations.

d. The type of cost drivers available.

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