The d $34.50 $47.00 4. $22.50 . 536.50 10. De has a standard of 13 post af materialb gerunt, per posed producing 200 Oon used 300 poench of eaterial a statal cst of $15 D's 4 L $450 c 5465 4 PART 4 ESSAY QUESTION P Please Company Managerial and Risancial Accounting EATURES taber FINANCIAL ACCOUNTING MANAGERIAL ACCOUNTING GoodLack Tow Bar 12 Mary companies now focus on reducing defects in finished products with the of am defects. This is called b. Total quality management Activity-based costing d. Value chain c. Balanced scorecard 9. Internal reports that review the actual impact of decisions are prepared by department heads management accountants c the controller d factory workers 10. Which of the following will always be a relevant cost? Opportunity cost b. Sunk cost C Fixed cost Variable cost 11. Costs that will differ between alternatives and influence the outco sunk costs unavoidable costs relevant costs d. product costs 12. The process of evaluating financial data that change under alternative courses of action is 4 d double entry analysis incremental analysis contribution margin analysis cost-benefit analysi 13. The calculation to determine target cost is C variable manufacturing costs fixed manufacturing costs sales price-(variable manufacturing costs+fixed manufacturing costs) variable manufacturing costs selling and administrative variable costs sales price-desired profit 14. A company that is a price taker would most likely use which of the following methods? Time-and-material pricing Target costing A b C Cost plus pricing, contribution approach d. Cost plus pricing, absorption approach 15. What is budgetary control? 4. Another name for a flexible budget b. The degree to which the CFO controls the budget c The use of budgets in controlling operations d The process of providing information on budget differences to lower level managers