uchont Accounting Chapter 1 Setest The Industrial Revolution resulted in growth of industries and, as a result of this growth, which of the following corred? Select one O a. The separation of ownership and control O b. New organizational forms became common due to remotely located managers who made decisions on behalf of absent owners O e Many new cost accounting processes were developed to assist with creating economies of scale O d. All of the above 8 The functions of management accounting do not include which of the following (according to Certified Management Accountants Canada? but of Select one O aCost management O b. Strategic performance management O c. Auditing of financial statements O d. Risk management and assurance services O e Looking to the future to provide real-world strategic direction, business management and leadership to 9 The main functions of management accounting are planning decision making, and control. Which of the following activities best describes the planning function? dou Select one O Mark Smith the president of ABC Industries, analyzed cost data for ABC's Toronto plant and determined that increasing costs were due to increases in material costs Ob Anna Choy developed a 2012 budget for her division Noriyasu Tanaka, the financial officer for Great Homes Inc. prepared a varience report that compared actual costs to the budgeted costs for the year ed Amandeep Singh compared the costs of two different methods of producing Product an automated method and a more about intensive method Based on the information Amandeep chose the automated method because it resulted in substantial cost savings