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Please see the attachment. 10 Multiple choices questions of management accounting. Ensure all your answers are correct. No explanation is needed, just the answer. 1.
Please see the attachment. 10 Multiple choices questions of management accounting. Ensure all your answers are correct. No explanation is needed, just the answer.
1. When using information for internal purposes, management is more concerned with information that is A timely, relevant and reliable. B completely objective and verifiable. C exclusively internally generated. D exclusively externally focused. 2. Animus Ltd is a mining company. Which of the following is an example of 'planning'? A Awarding bonuses to Aimus Ltd's top performing executives B Setting production targets for the company's new mines C Developing correction actions to respond to D lowerthanexpected production levels in the existing mines Pursuing legal actions against environmental activists who stole mining equipment 3. Which of the following activities is LEAST LIKELY be considered to be a nonvalueadded activity in a factory that produces jeans? A Rescheduling production B Moving materials C Sewing in zippers D Inspecting jeans 4. Which of the following activities would MOST LIKELY be classified as a nonvalueadded activity in a factory that manufactures microwave ovens? A Inserting glass shelves into the frames B Storing finished goods C Installing timing devices D Conducting tests in line with ISO certification requirements 5. Which of the following activities are generally valueadded activities? A i and ii B iii and iv C i and iv D ii and iv 6. From the following list of costs for a kitchen manufacturer, determine the amount of valueadded cost. A $57 000 B $54 000 C $58 000 D $59 000 7. The monthly cost of renting manufacturing equipment is: part of conversion cost and a period cost part of prime cost and an inventoriable cost part of prime cost and a period cost part of conversion cost and an inventoriable cost 8. Idle time is: Select one: A frequently an avoidable cost B classified as overhead C caused by events such as equipment breakdown and new setups of production runs D All of the given answers 9. Forecasting a cost at a particular level of activity is called: A cost estimation B cost prediction C cost behaviour D cost functions 10. Costs that remain fixed over wide ranges of activity but jump to a different amount outside that range are called: A stepfixed costs B stepvariable costs C semivariable costs D curvilinear costsStep by Step Solution
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