Question:- 3 primary responsibilities of management and managerial accountants are planning, controlling, and evaluating.

True

False

Question:- The users of managerial accounting are external users, such as stockholders, creditors, and regulators.

True

False

Question:- An Enterprise Resource Planning system can include components such as manufacturing, human resources, financial and accounting, just to name a few.

True

False

Question:- A merchandising business manufactures products and sells them to consumers.

True

Fals

Question:- A fixed cost is an unavoidable operating expense that changes in total due to the level of activity within the business.

True

False

Question:- A mixed cost is a cost that has both a fixed and variable piece to it.

True

False

Question:- The 3 main product costs are direct materials, direct labor and manufacturing and are added to WIP inventory as the products are manufactured.

True

False

Question:- Job order cost systems are for mass production of product.

True

False