• Text
• Problems
• Goals Achievement
• Fill in the Blanks
• Multiple Choice
• Glossary

1. 1. Question

Because of its expanding role, complexity, and areas of involvement, managerial accounting is increasingly referred to as ____________finance.

1. 2. Question

Business value is driven by good management decisions in the areas of ____________, ____________, and ____________.

1. 3. Question

A business should carefully define and communicate its ____________ to set the rules by which it will play.

1. 4. Question

____________ can be defined as the collection, assignment, and interpretation of cost.

1. 5. Question

Deviations from standards that may require management attention are known as ____________.

1. 6. Question

In the manufacture of wooden toy chests, lumber would be an example of ____________ material and nails would be an example of ____________ material.

1. 7. Question

Prime costs consist of ____________ and ____________. Conversion costs consist of ____________ and ____________.

1. 8. Question

The three categories of inventory for a manufacturer are ____________, ____________, and ____________.

1. 9. Question

An inventory account that would be found only on the balance sheet of a manufacturer is ____________.

1. 10. Question

Total production costs differ from the cost of goods manufactured due to the change in ____________ inventories from the beginning of the year to the end of the year.