In management accounting, an emphasis and focus must be __________?

Related Mcqs:

1. The human resource management, IT management and management accountants are categorized under ______________?

   A. marketing management
   B. production management
   C. staff management
   D. line management

2. An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?

   A. external accounting
   B. internal accounting
   C. business accounting
   D. financial accounting

3. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

   A. partial inventory costing method
   B. current period inventory method
   C. Last-in, first-out method
   D. First-in, first-out method

4. The purpose of management accounting is to ___________?

   A. past orientation
   B. help banks make decisions
   C. help managers make decisions
   D. help investors make decision

5. In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

   A. distinction
   B. similarities
   C. increase in units
   D. decrease in units

6. In cost accounting, the conference, quantitative analysis and account analysis methods are considered as __________?

   A. cost estimation methods
   B. price estimation methods
   C. unit estimation method
   D. variable estimation method

7. The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?

   A. economic accounting
   B. back-flush accounting
   C. lean accounting
   D. lead accounting

8. In accounting system, a document which consists of all assigned cost for specific job is classified as __________?

   A. job cost record
   B. job cost sheet
   C. source document
   D. both a and b

9. In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?

   A. over allocated budget
   B. under allocated budget
   C. under allocated indirect cost
   D. over allocated direct cost

10. The aspects of accounting for scrap includes __________?

    A. physical tracking
    B. non-inventoriable costing
    C. inventory costing
    D. both a and c