Management accounting is not characterized by a) Focus on encompassing the business and financial relationships with the environment b) Obligation to comply with financial reporting standards c) Accuracy of reports in relation to their relevance d) Unambiguity in preparing information Short term performance measurement enables a) Identification of deviations from planned values b) Possibility of preventive action c) Making strategic decisions d) None of the provided answers is correct Integrity, as an ethical standard, involves a) Avoiding conflicts of interest (externally and internally) b) Ensuring information in a fair and objective manner c) Objectivity and responsibility in preparing relevant information d) Maintaining an appropriate level of professional competence through continuous knowledge and skill development The cost of controlling production processes is a) An indirect cost b) A non productive cost c) A fixed cost d) An irrecoverable cost The selling price is 50 units, and the unit variable costs (production and non production) are 35 units per item If the sales volume of the current month is 12,000 units and the previous month was 10,000 units, according to the cost calculation, the business result of the previous month compared to the current month is a) Higher by 15,000 units b) Lower by 30,000 units c) Higher by 100,000 units d) Lower by 45,000 units When using cost volume profit (CVP) analysis, it is necessary to a) Allocate costs to product costs and period costs b) Use a cost hierarchy c) Use a contribution approach to balance results d) Acknowledge that the productivity of workers and machines is rarely constant The master budget is a) A summary expression of all plans for production costs and sales revenues, for a future time period, summarized in budgeted financial statements b) A summary expression of all plans for the production of different products offered by the company, for a future time period, summarized in budgeted financial statements c) A summary expression of all planned revenues and planned expenses for a future time period, summarized in budgeted financial statements d) A summary expression of the operational and financial plans of management for a future time period, summarized in budgeted financial statements Deviation from the value in a flexible budget for direct costs at the third level of analysis is decomposed into a) Deviation in input procurement prices and deviation in the efficiency of input utilization b) Deviation in the efficiency of using the allocation base and deviation in production volume c) Deviation from the value in a static budget and deviation in sales volume d) Deviation in consumption and production volume A positive deviation in consumption for variable indirect costs means a) The planned rate for allocating variable indirect costs is lower than the actual rate for allocating variable indirect costs b) The normal rate for allocating variable indirect costs is higher than the actual rate for allocating variable indirect costs c) The planned rate for allocating variable indirect costs is higher than the actual rate for allocating variable indirect costs d) The planned rate for allocating variable indirect costs is lower than the rate for allocating variable indirect costs that was authorized for use When considering the determination of selling prices for the purpose of accepting or rejecting special orders, the following data is irrelevant a) The value of past variable costs b) The value of future fixed costs c) The value of future variable costs d) The value of differential costs The difference between a budget and a financial statement lies in the fact that a) The budget is focused on the future, while the financial statement is focused on the past b) The budget is focused on the past, while the financial statement is focused on the future c) The budget is focused on the future, while the financial statement is focused on the present d) Both the budget and the financial statement are focused on the past The sum of variances between the flexible budget and the sales volume variance is a) Market share variance b) Market size variance c) Sales quantity variance d) Static budget variance The main difference in determining selling prices in the short and long term is a) The short term uses a market approach, while the long term uses a cost plus approach b) Fixed costs are most relevant in the short term, but not in the long term c) The short term aims to determine more stable prices d) Some costs that are irrelevant in the short term (e g , fixed costs) become relevant in the long term Target costs represent a) The total costs at which a product can be produced to be profitable b) The price that a customer is willing to pay for a specific product c) The total costs of a specific product d) The target price plus the target profit The concept of value added costs is defined as a) Value added costs do not make the product more attractive to customers, and customers are not willing to pay more for the product b) Value added costs are costs that add value to the product and that customers are willing to pay for c) Value added costs are costs that do not add value to the product d) Value added costs usually have a significant share in the company's total costs The point at which total costs equal total revenue is called a) Break even point b) Breakeven point c) Intersection of revenue and costs d) Zero point One of the factors that influence the allocation of costs into direct and indirect costs is a) Information collection technology b) Management's strategic plan c) Current number of employees d) Previous year's financial results When calculating variances for fixed indirect costs, the following variances arise a) Consumption variance and efficiency variance b) Efficiency variance and production volume variance c) Production volume variance and consumption variance d) Efficiency variance and effectiveness variance Which of the following is correct a) Cost centers managers are responsible for costs and losses b) Revenue centers managers are responsible for revenue and profit c) Profit centers managers are responsible for revenue, costs, and investments d) Investment centers managers are responsible for investments, revenue, and costs Which of the following is correct a) A static budget is designed for a specific level of activity, responds to changes that may occur or are occurring compared to initial assumptions, and changes with any change in the scope of activities from the planned scope b) A flexible budget is designed so that its items adjust to any change in the scope of activities c) The total variance of the static budget consists of the total variance of the flexible budget and the total sales volume variance d) A flexible budget is designed so that its items do not adjust to any change in the scope of activities

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Management accounting is not characterized by: a) Focus on encompassing the business and financial relationships with the environment b) Obligation to comply with financial reporting

Management accounting is not characterized by: a) Focus on encompassing the business and financial relationships with the environment b) Obligation to comply with financial reporting standards c) Accuracy of reports in relation to their relevance d) Unambiguity in preparing information
Short-term performance measurement enables: a) Identification of deviations from planned values b) Possibility of preventive action c) Making strategic decisions d) None of the provided answers is correct
Integrity, as an ethical standard, involves: a) Avoiding conflicts of interest (externally and internally) b) Ensuring information in a fair and objective manner c) Objectivity and responsibility in preparing relevant information d) Maintaining an appropriate level of professional competence through continuous knowledge and skill development
The cost of controlling production processes is: a) An indirect cost b) A non-productive cost c) A fixed cost d) An irrecoverable cost
The selling price is 50 units, and the unit variable costs (production and non-production) are 35 units per item. If the sales volume of the current month is 12,000 units and the previous month was 10,000 units, according to the cost calculation, the business result of the previous month compared to the current month is: a) Higher by 15,000 units b) Lower by 30,000 units c) Higher by 100,000 units d) Lower by 45,000 units
When using cost-volume-profit (CVP) analysis, it is necessary to: a) Allocate costs to product costs and period costs b) Use a cost hierarchy c) Use a contribution approach to balance results d) Acknowledge that the productivity of workers and machines is rarely constant
The master budget is: a) A summary expression of all plans for production costs and sales revenues, for a future time period, summarized in budgeted financial statements b) A summary expression of all plans for the production of different products offered by the company, for a future time period, summarized in budgeted financial statements c) A summary expression of all planned revenues and planned expenses for a future time period, summarized in budgeted financial statements d) A summary expression of the operational and financial plans of management for a future time period, summarized in budgeted financial statements
Deviation from the value in a flexible budget for direct costs at the third level of analysis is decomposed into: a) Deviation in input procurement prices and deviation in the efficiency of input utilization b) Deviation in the efficiency of using the allocation base and deviation in production volume c) Deviation from the value in a static budget and deviation in sales volume d) Deviation in consumption and production volume
A positive deviation in consumption for variable indirect costs means: a) The planned rate for allocating variable indirect costs is lower than the actual rate for allocating variable indirect costs b) The normal rate for allocating variable indirect costs is higher than the actual rate for allocating variable indirect costs c) The planned rate for allocating variable indirect costs is higher than the actual rate for allocating variable indirect costs d) The planned rate for allocating variable indirect costs is lower than the rate for allocating variable indirect costs that was authorized for use
When considering the determination of selling prices for the purpose of accepting or rejecting special orders, the following data is irrelevant: a) The value of past variable costs b) The value of future fixed costs c) The value of future variable costs d) The value of differential costs
The difference between a budget and a financial statement lies in the fact that: a) The budget is focused on the future, while the financial statement is focused on the past. b) The budget is focused on the past, while the financial statement is focused on the future. c) The budget is focused on the future, while the financial statement is focused on the present. d) Both the budget and the financial statement are focused on the past.
The sum of variances between the flexible budget and the sales volume variance is: a) Market share variance. b) Market size variance. c) Sales quantity variance. d) Static budget variance.
The main difference in determining selling prices in the short and long term is: a) The short term uses a market approach, while the long term uses a cost-plus approach. b) Fixed costs are most relevant in the short term, but not in the long term. c) The short term aims to determine more stable prices. d) Some costs that are irrelevant in the short term (e.g., fixed costs) become relevant in the long term.
Target costs represent: a) The total costs at which a product can be produced to be profitable. b) The price that a customer is willing to pay for a specific product. c) The total costs of a specific product. d) The target price plus the target profit.
The concept of value-added costs is defined as: a) Value-added costs do not make the product more attractive to customers, and customers are not willing to pay more for the product. b) Value-added costs are costs that add value to the product and that customers are willing to pay for. c) Value-added costs are costs that do not add value to the product. d) Value-added costs usually have a significant share in the company's total costs.
The point at which total costs equal total revenue is called: a) Break-even point. b) Breakeven point. c) Intersection of revenue and costs. d) Zero point.
One of the factors that influence the allocation of costs into direct and indirect costs is: a) Information collection technology. b) Management's strategic plan. c) Current number of employees. d) Previous year's financial results.
When calculating variances for fixed indirect costs, the following variances arise: a) Consumption variance and efficiency variance. b) Efficiency variance and production volume variance. c) Production volume variance and consumption variance. d) Efficiency variance and effectiveness variance.
Which of the following is correct? a) Cost centers - managers are responsible for costs and losses. b) Revenue centers - managers are responsible for revenue and profit. c) Profit centers - managers are responsible for revenue, costs, and investments. d) Investment centers - managers are responsible for investments, revenue, and costs.
Which of the following is correct? a) A static budget is designed for a specific level of activity, responds to changes that may occur or are occurring compared to initial assumptions, and changes with any change in the scope of activities from the planned scope. b) A flexible budget is designed so that its items adjust to any change in the scope of activities. c) The total variance of the static budget consists of the total variance of the flexible budget and the total sales volume variance. d) A flexible budget is designed so that its items do not adjust to any change in the scope of activities.