Syllabus MANAGEMENT ACCOUNTING

May 28th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

1. Introduction to Management Accounting : Concepts of Management Accounting, Role of Management Accountant in Organizations, Relations and Differences

Word Count: 595
Showing Page: 1/172
1.Standard costs provide a basis for assessing the reasonableness of actual costs incurred for producing a product or service. (Points : 5)TrueFalse2.Ideal standards are developed under conditions that assume no idle time, no machine breakdowns, and no materials spoilage.(Points : 5)TrueFalse3.Cost variances are ignored under management by exception. (Points : 5)TrueFalse4.Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs?(Points : 5)Used to indicate where changes in technology and machinery need to be made.Used to value inventoryUsed to plan direct materials, direct labor, and factory manufacturing cost.Used to control costs.5.Standard costs should always be revised when they differ from actual costs.(Points : 5)TrueFalse6.The profit center income statement should include only revenues and expenses that are controlled by the manager.(Points : 5)TrueFalse7.The three common types of responsibility centers are referred to as cost centers, profit centers, and investment centers.(Points : 5)TrueFalse8.The costs of initially producing an intermediate product should be considered in deciding whet

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1824 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors