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Managerial Accounting for
ST
Managers, 6th Edition
UV
TEST BANK
IA
Eric Noreen, Peter Brewer, Ray Garrison
_A
Comprehensive Test Bank for Instructors and
PP
Students
||| ||| || ||| || | || ||| | || ||| |
RO
9781264100590
© Eric Noreen, Peter Brewer & Ray Garrison. All rights
VE
reserved. Reproduction or distribution without permission is
prohibited.
D?
© MEDCONNOISSEUR
, TABLE OF CONTENTS
Test Bank – Managerial Accounting for Managers (6th Ed.)
Authors: Eric Noreen, Peter Brewer, and Ray Garrison
ISBN: 9781264100590
ST
PART I: COST CONCEPTS AND ANALYSIS
Chapter 1: Managerial Accounting and Cost Concepts
Chapter 2: Cost-Volume-Profit Relationships
UV
Chapter 3: Job-Order Costing: Calculating Unit Product Costs
PART II: TOOLS FOR MANAGEMENT DECISION MAKING
Chapter 4: Variable Costing and Segment Reporting: Tools for Management
Chapter 5: Activity-Based Costing: A Tool to Aid Decision Making
IA
Chapter 6: Differential Analysis: The Key to Decision Making
Chapter 7: Capital Budgeting Decisions
PART III: PLANNING, CONTROL, AND PERFORMANCE EVALUATION
_A
Chapter 8: Master Budgeting
Chapter 9: Flexible Budgets and Performance Analysis
Chapter 10: Standard Costs and Variances
Chapter 11: Responsibility Accounting Systems
PP
Chapter 12: Strategic Performance Measurement
RO
VE
D?
, Test Bank Managerial Accounting for Managers, 6th Edition by Eric Noreen
Chap 01 6e Answers Included ✅
1) Which of the following statements are true?
1. A factory supervisor's salary would be classified as an indirect cost with respect to a unit
of product.
2. A direct cost is a cost that can be easily traced to the particular cost object under
ST
consideration.
3. A cost can be direct or indirect. The classification can change if the cost object changes.
A) Only statement 1 is true.
UV
B) Statements 1 and 2 are true.
C) All of the statements are true.
D) None of the statements are true.
IA
2) Which of the following statements are true?
1. Wages paid to production supervisors would be classified as manufacturing overhead.
2. Indirect costs, such as manufacturing overhead, are variable costs.
3. Selling costs are indirect costs.
_A
4. Administrative costs are indirect costs.
A) Only statement 1 is true.
B) Statements 1 and 3 are true.
C) All statements are true.
PP
D) None of the statements are true.
3) Which of the following statements are true?
1. The sum of all manufacturing costs except for direct materials and direct labor is called
RO
manufacturing overhead.
2. The three cost elements ordinarily included in product costs are direct materials, direct
labor, and manufacturing overhead.
A) Only statement 1 is true.
B) Only statement 2 is true.
VE
C) Both of the statements are true.
D) Neither of the statements are true.
D?
1
, 4) Which of the following statements are true?
1. Depreciation is always considered a period cost for external financial reporting purposes
in a manufacturing company.
2. Depreciation on equipment a company uses in its selling and administrative activities
would be classified as a period cost.
ST
A) Only statement 1 is true.
B) Only statement 2 is true.
C) Both of the statements are true.
D) Neither of the statements are true.
UV
5) Which of the following statements are true?
1. Conversion cost is the sum of direct labor cost and manufacturing overhead cost.
2. Conversion cost is the same thing as manufacturing overhead.
IA
3. Conversion cost equals product cost less direct materials cost.
A) Only statement 1 is true.
B) Statements 1 and 3 are true.
_A
C) All statements are true.
D) None of the statements are true.
6) Which of the following statements are true?
PP
1. In a manufacturing company, all costs are period costs.
2. Selling and administrative expenses are period costs under generally accepted accounting
principles.
3. The cost of shipping parts from a supplier is considered a period cost.
RO
A) Only statement 1 is true.
B) Only statement 2 is true.
C) Statements 1 and 2 are true.
D) Statements 1 and 3 are true.
VE
D?
2
Managerial Accounting for
ST
Managers, 6th Edition
UV
TEST BANK
IA
Eric Noreen, Peter Brewer, Ray Garrison
_A
Comprehensive Test Bank for Instructors and
PP
Students
||| ||| || ||| || | || ||| | || ||| |
RO
9781264100590
© Eric Noreen, Peter Brewer & Ray Garrison. All rights
VE
reserved. Reproduction or distribution without permission is
prohibited.
D?
© MEDCONNOISSEUR
, TABLE OF CONTENTS
Test Bank – Managerial Accounting for Managers (6th Ed.)
Authors: Eric Noreen, Peter Brewer, and Ray Garrison
ISBN: 9781264100590
ST
PART I: COST CONCEPTS AND ANALYSIS
Chapter 1: Managerial Accounting and Cost Concepts
Chapter 2: Cost-Volume-Profit Relationships
UV
Chapter 3: Job-Order Costing: Calculating Unit Product Costs
PART II: TOOLS FOR MANAGEMENT DECISION MAKING
Chapter 4: Variable Costing and Segment Reporting: Tools for Management
Chapter 5: Activity-Based Costing: A Tool to Aid Decision Making
IA
Chapter 6: Differential Analysis: The Key to Decision Making
Chapter 7: Capital Budgeting Decisions
PART III: PLANNING, CONTROL, AND PERFORMANCE EVALUATION
_A
Chapter 8: Master Budgeting
Chapter 9: Flexible Budgets and Performance Analysis
Chapter 10: Standard Costs and Variances
Chapter 11: Responsibility Accounting Systems
PP
Chapter 12: Strategic Performance Measurement
RO
VE
D?
, Test Bank Managerial Accounting for Managers, 6th Edition by Eric Noreen
Chap 01 6e Answers Included ✅
1) Which of the following statements are true?
1. A factory supervisor's salary would be classified as an indirect cost with respect to a unit
of product.
2. A direct cost is a cost that can be easily traced to the particular cost object under
ST
consideration.
3. A cost can be direct or indirect. The classification can change if the cost object changes.
A) Only statement 1 is true.
UV
B) Statements 1 and 2 are true.
C) All of the statements are true.
D) None of the statements are true.
IA
2) Which of the following statements are true?
1. Wages paid to production supervisors would be classified as manufacturing overhead.
2. Indirect costs, such as manufacturing overhead, are variable costs.
3. Selling costs are indirect costs.
_A
4. Administrative costs are indirect costs.
A) Only statement 1 is true.
B) Statements 1 and 3 are true.
C) All statements are true.
PP
D) None of the statements are true.
3) Which of the following statements are true?
1. The sum of all manufacturing costs except for direct materials and direct labor is called
RO
manufacturing overhead.
2. The three cost elements ordinarily included in product costs are direct materials, direct
labor, and manufacturing overhead.
A) Only statement 1 is true.
B) Only statement 2 is true.
VE
C) Both of the statements are true.
D) Neither of the statements are true.
D?
1
, 4) Which of the following statements are true?
1. Depreciation is always considered a period cost for external financial reporting purposes
in a manufacturing company.
2. Depreciation on equipment a company uses in its selling and administrative activities
would be classified as a period cost.
ST
A) Only statement 1 is true.
B) Only statement 2 is true.
C) Both of the statements are true.
D) Neither of the statements are true.
UV
5) Which of the following statements are true?
1. Conversion cost is the sum of direct labor cost and manufacturing overhead cost.
2. Conversion cost is the same thing as manufacturing overhead.
IA
3. Conversion cost equals product cost less direct materials cost.
A) Only statement 1 is true.
B) Statements 1 and 3 are true.
_A
C) All statements are true.
D) None of the statements are true.
6) Which of the following statements are true?
PP
1. In a manufacturing company, all costs are period costs.
2. Selling and administrative expenses are period costs under generally accepted accounting
principles.
3. The cost of shipping parts from a supplier is considered a period cost.
RO
A) Only statement 1 is true.
B) Only statement 2 is true.
C) Statements 1 and 2 are true.
D) Statements 1 and 3 are true.
VE
D?
2
