These quizzes are from my SAP assignment of Cost Accounting class. Please answer them with a brief explanation:

1. What is the name given to the screen that displays all the accounts for a business along with their account numbers for a company? a. Accounting summary b. General Ledger c. Chart of Accounts d. Account bank e. None of these

2. Each financial account is assigned an account number that is known as a: a. General Ledger account number b. Financial number c. Controlling number d. Tracking number e. None of the above

3. The purpose of drilling down is to: a. Use the menus to get to the screen that you want b. Use various sessions of SAP to accomplish multiple tasks at once c. Get rid of irrelevant information d. Obtain more information about an entry e. None of these is the purpose of a drill down

4. Cost Center reporting is located in which of these modules of SAP: a. Financial b. Human Resources c. Planning d. Controlling e. Project Systems

Use the Cost Center Report attached to answer the next two questions. [Picture is attached]

5. In the Cost Center report displayed below, what was the budget for Janitorial Services for the year 2015? a. 15,000 b. 135,000 c. 150,000 d. 85,000

6. What does the variance percentage indicate? a. That the variance is 90% favorable b. That the variance is 90% unfavorable.

7. Measuring performance of Budget vs. Actual is a demonstration of what concept in Management accounting? a. Cost/benefit accounting b. Program budgeting c. Contribution accounting d. Responsibility accounting

8. The characteristics of a variance analysis report include the following: a. Person responsible b. Period under measure c. Actual cost d. All of the above

9. Primary cost elements are used to capture and classify costs: a. Originating from the companys internal activities b. From Balance Sheet accounts only c. From Secondary Cost Elements d. Originating from outside the company

10. Managerial Accounting: a. is governed by Generally Accepted Accounting Principles b. places emphasis on special-purpose c. pertains to the entity as a whole and is highly aggregated d. is limited to cost data

11. The management of an organization performs several broad functions. They are: a. planning, directing, and selling. b. planning, directing, and controlling. c. planning, manufacturing, and controlling. d. directing, manufacturing, and controlling.

Cost Centers: Actual/Plan/Variance T: i 7 0 3 H Column K e c Cost Centers: Actual/Plan/Variance Date: 09/21/2015 Page: 2 / 2 Column: 1 / 2 JanitorServices 01 Cost Center/Group Person responsible: Reporting period: NAJS1001 Simmons 1 to 12 2015 Cost Elements Act. Costs Plan Costs Var. (Abs.) Var. (3) 710001 Simmon301 JanServ Debit 15,000.00 15,000.00 150,000.00 150,000.00 135,000.00- 135,000.00- 90.00- 90.00- ** Over/Underabsorption 15,000.00 150,000.00 135,000.00- 90.00