EA
CostlAccounting:lAlManageriallEmphasis,l16e,lGloballEditionl(Horngren)
Chapterl1l l ThelManagerlandlManagementlAccounting
1.1 Objectivel1.1
1) Managementlaccountingl .
A) focuseslonlestimatinglfuturelrevenues,lcosts,landlotherlmeasuresltolforecastlactivitieslandltheirlresults
B) provideslinformationlaboutlthelcompanylaslalwhole
C) reportslinformationlthatlhasloccurredlinlthelpastlthatlislverifiablelandlreliable
D) provideslinformationlthatlislgenerallylavailablelonlylonlalquarterlylorlannuallbasislA
nswer:l A
Explanation:l Managementlaccountinglhaslalforward-
lookinglorientationlaslopposedltolfinanciallaccountinglwhichlhaslalhistoricallperspective.
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
2) Managersluselmanagementlaccountinglinformationltol .
A) helplexternalluserslsuchlaslinvestors,lbanks,lregulators,landlsuppliers
B) communicate,ldevelop,landlimplementlstrategies
C) communicatelalfirm'slfinanciallpositionltolinvestors,lbanks,lregulators,landlotherloutsidelparties
D) ensurelthatlfinanciallstatementslarelconsistentlwithlthelSEClruleslA
nswer:l B
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
3) Financiallaccountingl .
A) focuseslonlthelfuturelandlincludeslactivitieslsuchlaslpreparinglnextlyear'sloperatinglbudget
B) mustlcomplylwithlGAAPl(generallylacceptedlaccountinglprinciples)
C) islthelprocessloflmeasuring,lanalyzing,landlreportinglfinanciallandlnonfinanciallinformationlrelatedltolthe
lcostsloflacquiringlorlusinglresourceslinlanlorganization
D) islpreparedlforltheluselofldepartmentlheadslandlotherlemployeeslA
nswer:l B
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
4) Whichloflthelfollowinglwouldlmostllikelylbeltheluserloflfinanciallaccountinglinformation?
A) factorylshiftlsupervisor
B) distributionl manager
C) currentlshareholder
D) departmentlmanagerl
Answer:l C
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
1
Copyrightl©l2018lPearsonlEducation,lLtd.
,EA
5) Thelprimaryluserloflmanagementlaccountinglinformationlisla(n)l .
A) thelcontroller
B) alshareholderlevaluatinglalstocklinvestment
C) bondholder
D) externallregulatorl
Answer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
6) Financiallaccountinglprovideslthelprimarylsourceloflinformationlforl .
A) decisionlmakinglinlthelassemblylandlfinishingldepartment
B) improvingldistributionlandlcustomerlservice
C) preparinglthelincomelstatementlforlshareholderslandlotherlexternall parties
D) planninglnextlyear'slplanslandlspecifically;ltheloperatinglbudgetlA
nswer:l C
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
7) Whichloflthelfollowinglisltrueloflmanagementlaccountinglinformation?
A) Itlfocuseslonldocumentinglpastlbusinesslactionsloflalfirm.
B) ItlislpreparedlbasedlonlSEClruleslandlFASBlaccountinglprinciples.
C) Itlislpreparedlforlshareholders.
D) Itl helpslwithlthelcoordinationloflelementsloflthelvaluelchain.lA
nswer:l D
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
8) Whichloflthelfollowinglstatementslrefersltolmanagementlaccountinglinformation?
A) Therelarelnolregulationslgoverninglthelreports.
B) Thelreportslarelgenerallyldelayedlandlhistorical.
C) Thelaudienceltendsltolbelstockholders,lcreditors,landltaxlauthorities.
D) Itlprimarilylmeasureslmanager'slcompensationlonlreportedlfinanciallresults.lA
nswer:l A
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
9) Whichloflthelfollowinglgroupslwouldlbelleastllikelyltolreceiveldetailedlmanagementlaccountinglrep
orts?
A) stockholders
B) saleslmanagers
C) productionlsupervisors
D) distributionlmanagersl
Answer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
2
Copyrightl©l2018lPearsonlEducation,lLtd.
,EA
10) Managementlaccountinglinformationltypicallylincludesl .
A) tabulatedlresultsloflcustomerlsatisfactionlsurveys
B) thelcostloflproducinglalproduct
C) thelpercentageloflunitslproducedlthatlareldefective
D) Alllofltheselanswerslarelcorrect.l
Answer:l D
Diff:l1
Objective:l 1
AACSB:l Applicationloflknowledge
11) Costlaccountingl .
A) measureslthelcostsloflacquiringlorlusinglresourceslinlanlorganization
B) measureslthelfinanciallandlnonfinanciallinformationlthatlhelpslmanagerslmakeldecisionsltolfulfilllthelgo
alsloflanlorganization
C) coordinateslproductldesign,lproduction,landlmarketingldecisionslandlevaluatelalcompany'slpe
rformance
D) communicateslinformationltolinvestors,lbanks,lregulators,landlotherloutsidelpartieslA
nswer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
12) Whichloflthelfollowingldifferentiateslcostlaccountinglandlfinanciallaccounting?
A) Thelprimarylusersloflcostlaccountinglarelthelinvestors,lwhereaslthelprimarylusersloflfinanciallacc
ountinglarelthelmanagers.
B) Costlaccountingldealslwithlproductldesign,lproduction,landlmarketinglstrategies,lwhereaslfinanciallac
countingldealslmainlylwithlpricingloflthelproducts.
C) Costlaccountinglmeasureslonlylthelfinanciallinformationlrelatedltolthelcostsloflacquiringlfixedlassetslinla
nlorganization,lwhereaslfinanciallaccountinglmeasureslfinanciallandlnonfinanciallinformationloflalcompa
ny'slbusinessltransactions.
D) Costlaccountinglmeasureslinformationlrelatedltolthelcostsloflacquiringlorlusinglresourceslinlanlorg
anization,lwhereaslfinanciallaccountinglmeasureslalfinanciallpositionloflalcompanyltolinvestors,lbanks
,landlexternallparties.
Answer:l D
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
13) Whichloflthelfollowinglisltrueloflfinanciallaccountinglinformation?
A) Itlislpreparedlbasedlonlcost-benefitlanalysis.
B) Itlislprimarilylusedlbylmanagersltolmakelinternallbusinessldecisions.
C) Itlfocuseslonlthelpast-orientedlfinanciallperformanceloflalcompany.
D) Itlonlylmeasureslthelcashltransactionsloflalcompany.lA
nswer:l C
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
3
Copyrightl©l2018lPearsonlEducation,lLtd.
, EA
14) Aldatalwarehouselorlinfobarnl .
A) islreservedlforlexclusiveluselbylthelCFO
B) islprimarilylusedlforlfinanciallreportinglpurposes
C) storeslinformationlusedlbyldifferentlmanagerslforlmultiplelpurposes
D) gatherslonlylnonfinanciallinformationl
Answer:l C
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
15) Whichloflthelfollowinglisltrueloflcostlaccounting?
A) Itlislalsubsetloflmanagementlaccountinglandlthereforelitslinformationlislusedlonlyltolmeetlthelneedsloflman
agers.
B) Itlislusedlonlylbylmanufacturers.
C) Itlislpartloflbothlmanagementlandlfinanciallaccountinglsystems.
D) Theldistinctionlbetweenlmanagementlaccountinglandlcostlaccountinglislclear-
cut.lAnswer:l C
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
16) Whichloflthelfollowingldealslwithlmanagementlaccounting?
A) identifyinglthelcostsloflacquiringlthelresourcesloflthelcompany
B) developingl budgets
C) preparinglthelincomelstatement
D) preparinglthelstatementloflcashlflowsl
Answer:l B
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
17) Financiallaccountinglislconcernedlprimarilylwithl .
A) externallreportingltolinvestors,lcreditors,landlgovernmentlauthorities
B) costlplanninglandlcostlcontrols
C) productldesignlandlmarketinglstrategies
D) providinglinformationlforlstrategiclandltacticalldecisionsl
Answer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
4
Copyrightl©l2018lPearsonlEducation,lLtd.
CostlAccounting:lAlManageriallEmphasis,l16e,lGloballEditionl(Horngren)
Chapterl1l l ThelManagerlandlManagementlAccounting
1.1 Objectivel1.1
1) Managementlaccountingl .
A) focuseslonlestimatinglfuturelrevenues,lcosts,landlotherlmeasuresltolforecastlactivitieslandltheirlresults
B) provideslinformationlaboutlthelcompanylaslalwhole
C) reportslinformationlthatlhasloccurredlinlthelpastlthatlislverifiablelandlreliable
D) provideslinformationlthatlislgenerallylavailablelonlylonlalquarterlylorlannuallbasislA
nswer:l A
Explanation:l Managementlaccountinglhaslalforward-
lookinglorientationlaslopposedltolfinanciallaccountinglwhichlhaslalhistoricallperspective.
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
2) Managersluselmanagementlaccountinglinformationltol .
A) helplexternalluserslsuchlaslinvestors,lbanks,lregulators,landlsuppliers
B) communicate,ldevelop,landlimplementlstrategies
C) communicatelalfirm'slfinanciallpositionltolinvestors,lbanks,lregulators,landlotherloutsidelparties
D) ensurelthatlfinanciallstatementslarelconsistentlwithlthelSEClruleslA
nswer:l B
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
3) Financiallaccountingl .
A) focuseslonlthelfuturelandlincludeslactivitieslsuchlaslpreparinglnextlyear'sloperatinglbudget
B) mustlcomplylwithlGAAPl(generallylacceptedlaccountinglprinciples)
C) islthelprocessloflmeasuring,lanalyzing,landlreportinglfinanciallandlnonfinanciallinformationlrelatedltolthe
lcostsloflacquiringlorlusinglresourceslinlanlorganization
D) islpreparedlforltheluselofldepartmentlheadslandlotherlemployeeslA
nswer:l B
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
4) Whichloflthelfollowinglwouldlmostllikelylbeltheluserloflfinanciallaccountinglinformation?
A) factorylshiftlsupervisor
B) distributionl manager
C) currentlshareholder
D) departmentlmanagerl
Answer:l C
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
1
Copyrightl©l2018lPearsonlEducation,lLtd.
,EA
5) Thelprimaryluserloflmanagementlaccountinglinformationlisla(n)l .
A) thelcontroller
B) alshareholderlevaluatinglalstocklinvestment
C) bondholder
D) externallregulatorl
Answer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
6) Financiallaccountinglprovideslthelprimarylsourceloflinformationlforl .
A) decisionlmakinglinlthelassemblylandlfinishingldepartment
B) improvingldistributionlandlcustomerlservice
C) preparinglthelincomelstatementlforlshareholderslandlotherlexternall parties
D) planninglnextlyear'slplanslandlspecifically;ltheloperatinglbudgetlA
nswer:l C
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
7) Whichloflthelfollowinglisltrueloflmanagementlaccountinglinformation?
A) Itlfocuseslonldocumentinglpastlbusinesslactionsloflalfirm.
B) ItlislpreparedlbasedlonlSEClruleslandlFASBlaccountinglprinciples.
C) Itlislpreparedlforlshareholders.
D) Itl helpslwithlthelcoordinationloflelementsloflthelvaluelchain.lA
nswer:l D
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
8) Whichloflthelfollowinglstatementslrefersltolmanagementlaccountinglinformation?
A) Therelarelnolregulationslgoverninglthelreports.
B) Thelreportslarelgenerallyldelayedlandlhistorical.
C) Thelaudienceltendsltolbelstockholders,lcreditors,landltaxlauthorities.
D) Itlprimarilylmeasureslmanager'slcompensationlonlreportedlfinanciallresults.lA
nswer:l A
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
9) Whichloflthelfollowinglgroupslwouldlbelleastllikelyltolreceiveldetailedlmanagementlaccountinglrep
orts?
A) stockholders
B) saleslmanagers
C) productionlsupervisors
D) distributionlmanagersl
Answer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
2
Copyrightl©l2018lPearsonlEducation,lLtd.
,EA
10) Managementlaccountinglinformationltypicallylincludesl .
A) tabulatedlresultsloflcustomerlsatisfactionlsurveys
B) thelcostloflproducinglalproduct
C) thelpercentageloflunitslproducedlthatlareldefective
D) Alllofltheselanswerslarelcorrect.l
Answer:l D
Diff:l1
Objective:l 1
AACSB:l Applicationloflknowledge
11) Costlaccountingl .
A) measureslthelcostsloflacquiringlorlusinglresourceslinlanlorganization
B) measureslthelfinanciallandlnonfinanciallinformationlthatlhelpslmanagerslmakeldecisionsltolfulfilllthelgo
alsloflanlorganization
C) coordinateslproductldesign,lproduction,landlmarketingldecisionslandlevaluatelalcompany'slpe
rformance
D) communicateslinformationltolinvestors,lbanks,lregulators,landlotherloutsidelpartieslA
nswer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
12) Whichloflthelfollowingldifferentiateslcostlaccountinglandlfinanciallaccounting?
A) Thelprimarylusersloflcostlaccountinglarelthelinvestors,lwhereaslthelprimarylusersloflfinanciallacc
ountinglarelthelmanagers.
B) Costlaccountingldealslwithlproductldesign,lproduction,landlmarketinglstrategies,lwhereaslfinanciallac
countingldealslmainlylwithlpricingloflthelproducts.
C) Costlaccountinglmeasureslonlylthelfinanciallinformationlrelatedltolthelcostsloflacquiringlfixedlassetslinla
nlorganization,lwhereaslfinanciallaccountinglmeasureslfinanciallandlnonfinanciallinformationloflalcompa
ny'slbusinessltransactions.
D) Costlaccountinglmeasureslinformationlrelatedltolthelcostsloflacquiringlorlusinglresourceslinlanlorg
anization,lwhereaslfinanciallaccountinglmeasureslalfinanciallpositionloflalcompanyltolinvestors,lbanks
,landlexternallparties.
Answer:l D
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
13) Whichloflthelfollowinglisltrueloflfinanciallaccountinglinformation?
A) Itlislpreparedlbasedlonlcost-benefitlanalysis.
B) Itlislprimarilylusedlbylmanagersltolmakelinternallbusinessldecisions.
C) Itlfocuseslonlthelpast-orientedlfinanciallperformanceloflalcompany.
D) Itlonlylmeasureslthelcashltransactionsloflalcompany.lA
nswer:l C
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
3
Copyrightl©l2018lPearsonlEducation,lLtd.
, EA
14) Aldatalwarehouselorlinfobarnl .
A) islreservedlforlexclusiveluselbylthelCFO
B) islprimarilylusedlforlfinanciallreportinglpurposes
C) storeslinformationlusedlbyldifferentlmanagerslforlmultiplelpurposes
D) gatherslonlylnonfinanciallinformationl
Answer:l C
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
15) Whichloflthelfollowinglisltrueloflcostlaccounting?
A) Itlislalsubsetloflmanagementlaccountinglandlthereforelitslinformationlislusedlonlyltolmeetlthelneedsloflman
agers.
B) Itlislusedlonlylbylmanufacturers.
C) Itlislpartloflbothlmanagementlandlfinanciallaccountinglsystems.
D) Theldistinctionlbetweenlmanagementlaccountinglandlcostlaccountinglislclear-
cut.lAnswer:l C
Diff:l2
Objective:l 1
AACSB:l Analyticallthinking
16) Whichloflthelfollowingldealslwithlmanagementlaccounting?
A) identifyinglthelcostsloflacquiringlthelresourcesloflthelcompany
B) developingl budgets
C) preparinglthelincomelstatement
D) preparinglthelstatementloflcashlflowsl
Answer:l B
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
17) Financiallaccountinglislconcernedlprimarilylwithl .
A) externallreportingltolinvestors,lcreditors,landlgovernmentlauthorities
B) costlplanninglandlcostlcontrols
C) productldesignlandlmarketinglstrategies
D) providinglinformationlforlstrategiclandltacticalldecisionsl
Answer:l A
Diff:l1
Objective:l 1
AACSB:l Analyticallthinking
4
Copyrightl©l2018lPearsonlEducation,lLtd.
