ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC.
k k k k k k k k k k
MULTIPLEkCHOICEk-
kChoosekthekonekalternativekthatkbestkcompleteskthekstatementkorkanswerskthekquestion.
1) Whichk of k thek followingk statementsk arek true?
1. A k factoryk supervisor'sk salaryk would k bekclassified k askankindirect kcost kwithkrespect ktokakunitko
f k product.
2. A k direct k cost kisk akcost kthatkcank bekeasilyk tracedktokthekparticulark cost kobject k underk c
onsideration.
3. A k cost k cank bek direct k ork indirect.k Thek classificationk cank changek if k thek cost k object k changes.
A) Onlyk statement k I k isk true.
B) Statementsk I k and k II k arek true.
C) Allk of k thek statementsk arek true.
D) Nonek of k thek statementsk arek true.
2) Whichk of k thek followingk statementsk arek true?
1. Wagesk paid k tok productionk supervisorsk would k bek classified k ask manufacturingk overhead.
2. Indirect k costs,k suchk ask manufacturingk overhead,k arek variablek costs.
3. Sellingk costsk arek indirect k costs.
4. Administrativek costsk arek indirect k costs.
A) Onlyk statement k I k isk true.
B) Statementsk I k and k III k arek true.
C) Allk statementsk arek true.
D) Nonek of k thek statementsk arek true.
3) Whichk of k thek followingk statementsk arek true?
1. Thek sumk of k allk manufacturingk costsk except kfork direct k materialsk and k direct k labork isk called k
manufacturingk overhead.
2. Thek threek cost k elementsk ordinarilyk included kink product kcostsk arekdirect k materials,k direct k l
abor,k and k manufacturingk overhead.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
Versionk1 1
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,ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
4) Whichk of k thek followingk statementsk arek true?
1. Depreciationk isk alwaysk considered k ak periodkcost kforkexternalk financialk reportingk purposesk i
nk ak manufacturingk company.
2. Depreciationk onk equipment k ak companyk usesk ink itsk sellingk and k administrativek activitiesk
would k bek classified k ask ak period k cost.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
5) Whichk of k thek followingk statementsk arek true?
1. Conversionk cost k isk thek sumk of k direct k labork cost k and k manufacturingk overhead k cost.
2. Conversionk cost k isk thek samek thingk ask manufacturingk overhead.
3. Conversionk cost k equalsk product k cost k lessk direct k materialsk cost.
A) Onlyk statement k I k isk true.
B) Statementsk I k and k III k arek true.
C) Allk statementsk arek true.
D) Nonek of k thek statementsk arek true.
6) Whichk of k thek followingk statementsk arek true?
1. Ink ak manufacturingk company,k allk costsk arek period k costs.
2. Sellingk and k administrativek expensesk arek period kcostskunderk generallyk accepted k accountingk
principles.
3. Thek cost k of k shippingk partsk fromk ak supplierk isk considered k ak period k cost.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Statementsk I k and k II k arek true.
D) Statementsk I k and k III k arek true.
7) Whichk of k thek followingk statementsk arek true?
1. Advertisingk isk not k ak considered k ak product k cost k evenk if k it k promotesk ak specifick product.
2. Product k costsk arek alsok knownk ask inventoriablek costs.
3. Primek cost k isk thek sumk of k direct k materialsk cost k and k direct k labork cost.
4. Primek cost k equalsk manufacturingk overhead k cost.
A) Onlyk statement k I k isk true.
B) Bothk statementsk I k and k IVk arek true.
C) Statementsk I,k II,k and k III k arek true.
D) Nonek of k thek statementsk arek true.
Versionk1 2
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,ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
8) Whichk of k thek followingk statementsk arek true?
1. If k thekactivityklevelk increases,k thenk onekwouldk expectk thek fixed k cost k perk unit k tok increasek ask
well.
2. A k fixed k cost k isk ak cost k whosek cost k perk unit k variesk ask thek activityk levelk risesk and k falls.
3. A k decreasek ink productionk willk ordinarilyk result k ink ak decreasek inkfixedk productionk costskperku
nit.
A) Onlyk statement k II k isk true.
B) Onlyk statement k III k isk true.
C) Statementsk I k and k II k arek true.
D) Statementsk I k and k III k arek true.
9) Whichk of k thek followingk statementsk arek true?
1. Cost k behaviork isk considered k curvilineark wheneverk ak straight k linek isk ak reasonablek
approximationk fork thek relationk betweenk cost k and k activity.
2. Ask activityk decreasesk withink thekrelevant k range,k fixedk costsk remaink constant konkakperk unitkb
asis.
3. Ink account k analysis,k ank account kisk classified kask eitherkvariablek ork fixedkbased konkanka
nalyst’sk priork knowledgek of k how k thek cost k ink thek account k behaves.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Onlyk statement k III k isk true.
D) Allk statementsk arek true.
10) Whichk of k thek followingk statementsk arek true?
1. Thek variablek cost k perk unit k dependsk onk how k manyk unitsk arek produced.
2. A k step-
variablek cost k isk ak cost k that kisk obtained kinklargek chunksk andkthatk increasesk ork decrease
sk onlyk ink responsek tok fairlyk widek changesk ink activity.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
Versionk1 3
mynursytest.store
, ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
11) Whichk of k thek followingk statementsk arek true?
1. A k fixed k costk iskconstant kif kexpressed konkakperk unit kbasisk but kthektotalk dollark amount k c
hangesk ask thek numberk of k unitsk increasesk ork decreases.
2. Fixed k costsk expressed k onk ak perk unit k basisk dok not k changek withk changesk ink activity.
3. Committed k fixed k costsk remaink largelyk unchanged k ink thek short k run.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Onlyk statement k III k isk true.
D) Allk statementsk arek true.
12) Whichk of k thek followingk statementsk arek true?
1. Withink thek relevant k range,k ak changek inkactivitykresultsk ink akchangek inkvariablek cost k perk unit ka
nd k totalk fixed k cost.
2. Thek concept k of k thek relevant k rangek doesk not k applyk tok variablek costs.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
13) Whichk of k thek followingk statementsk arek true?
1. Whenk operationsk arek interruptedk ork cutk back,k committed kfixedk costsk arek cutk inkthek shortk t
ermk becausek thek costsk ofk restoringk themk laterk arek likelyk tok bekfark lesskthankthek short-
runk savingsk that k arek realized.
2. Thek cost k ofk napkinsk putk onk eachk person'sk trayk atk ak fastkfoodk restaurantk isk ak variablek cost k
withk respect k tok how k manyk personsk arek served.
3. Committed k fixed k costsk represent k organizationalk investmentsk withk ak one-
yeark planningk horizon.
4. Thek followingk costsk arek allk examplesk of k committed kfixed kcosts:k depreciationk onkbuildings,ks
alariesk of k highlyk trained k engineers,k realk estatek taxes,k and k insurancek expenses.
A) Onlyk statement k III k isk true.
B) Bothk statement k I k and k II k arek true.
C) Bothk statement k II k and k IVk arek true.
D) Allk statementsk arek true.
Versionk1 4
mynursytest.store
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC.
k k k k k k k k k k
MULTIPLEkCHOICEk-
kChoosekthekonekalternativekthatkbestkcompleteskthekstatementkorkanswerskthekquestion.
1) Whichk of k thek followingk statementsk arek true?
1. A k factoryk supervisor'sk salaryk would k bekclassified k askankindirect kcost kwithkrespect ktokakunitko
f k product.
2. A k direct k cost kisk akcost kthatkcank bekeasilyk tracedktokthekparticulark cost kobject k underk c
onsideration.
3. A k cost k cank bek direct k ork indirect.k Thek classificationk cank changek if k thek cost k object k changes.
A) Onlyk statement k I k isk true.
B) Statementsk I k and k II k arek true.
C) Allk of k thek statementsk arek true.
D) Nonek of k thek statementsk arek true.
2) Whichk of k thek followingk statementsk arek true?
1. Wagesk paid k tok productionk supervisorsk would k bek classified k ask manufacturingk overhead.
2. Indirect k costs,k suchk ask manufacturingk overhead,k arek variablek costs.
3. Sellingk costsk arek indirect k costs.
4. Administrativek costsk arek indirect k costs.
A) Onlyk statement k I k isk true.
B) Statementsk I k and k III k arek true.
C) Allk statementsk arek true.
D) Nonek of k thek statementsk arek true.
3) Whichk of k thek followingk statementsk arek true?
1. Thek sumk of k allk manufacturingk costsk except kfork direct k materialsk and k direct k labork isk called k
manufacturingk overhead.
2. Thek threek cost k elementsk ordinarilyk included kink product kcostsk arekdirect k materials,k direct k l
abor,k and k manufacturingk overhead.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
Versionk1 1
mynursytest.store
,ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
4) Whichk of k thek followingk statementsk arek true?
1. Depreciationk isk alwaysk considered k ak periodkcost kforkexternalk financialk reportingk purposesk i
nk ak manufacturingk company.
2. Depreciationk onk equipment k ak companyk usesk ink itsk sellingk and k administrativek activitiesk
would k bek classified k ask ak period k cost.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
5) Whichk of k thek followingk statementsk arek true?
1. Conversionk cost k isk thek sumk of k direct k labork cost k and k manufacturingk overhead k cost.
2. Conversionk cost k isk thek samek thingk ask manufacturingk overhead.
3. Conversionk cost k equalsk product k cost k lessk direct k materialsk cost.
A) Onlyk statement k I k isk true.
B) Statementsk I k and k III k arek true.
C) Allk statementsk arek true.
D) Nonek of k thek statementsk arek true.
6) Whichk of k thek followingk statementsk arek true?
1. Ink ak manufacturingk company,k allk costsk arek period k costs.
2. Sellingk and k administrativek expensesk arek period kcostskunderk generallyk accepted k accountingk
principles.
3. Thek cost k of k shippingk partsk fromk ak supplierk isk considered k ak period k cost.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Statementsk I k and k II k arek true.
D) Statementsk I k and k III k arek true.
7) Whichk of k thek followingk statementsk arek true?
1. Advertisingk isk not k ak considered k ak product k cost k evenk if k it k promotesk ak specifick product.
2. Product k costsk arek alsok knownk ask inventoriablek costs.
3. Primek cost k isk thek sumk of k direct k materialsk cost k and k direct k labork cost.
4. Primek cost k equalsk manufacturingk overhead k cost.
A) Onlyk statement k I k isk true.
B) Bothk statementsk I k and k IVk arek true.
C) Statementsk I,k II,k and k III k arek true.
D) Nonek of k thek statementsk arek true.
Versionk1 2
mynursytest.store
,ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
8) Whichk of k thek followingk statementsk arek true?
1. If k thekactivityklevelk increases,k thenk onekwouldk expectk thek fixed k cost k perk unit k tok increasek ask
well.
2. A k fixed k cost k isk ak cost k whosek cost k perk unit k variesk ask thek activityk levelk risesk and k falls.
3. A k decreasek ink productionk willk ordinarilyk result k ink ak decreasek inkfixedk productionk costskperku
nit.
A) Onlyk statement k II k isk true.
B) Onlyk statement k III k isk true.
C) Statementsk I k and k II k arek true.
D) Statementsk I k and k III k arek true.
9) Whichk of k thek followingk statementsk arek true?
1. Cost k behaviork isk considered k curvilineark wheneverk ak straight k linek isk ak reasonablek
approximationk fork thek relationk betweenk cost k and k activity.
2. Ask activityk decreasesk withink thekrelevant k range,k fixedk costsk remaink constant konkakperk unitkb
asis.
3. Ink account k analysis,k ank account kisk classified kask eitherkvariablek ork fixedkbased konkanka
nalyst’sk priork knowledgek of k how k thek cost k ink thek account k behaves.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Onlyk statement k III k isk true.
D) Allk statementsk arek true.
10) Whichk of k thek followingk statementsk arek true?
1. Thek variablek cost k perk unit k dependsk onk how k manyk unitsk arek produced.
2. A k step-
variablek cost k isk ak cost k that kisk obtained kinklargek chunksk andkthatk increasesk ork decrease
sk onlyk ink responsek tok fairlyk widek changesk ink activity.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
Versionk1 3
mynursytest.store
, ACCESS Test Bank for Managerial Accounting for Managers 6th Edition Noree
k k k k k k k k k k
n
Managerial Accounting for Managers Edition 6 by Noreen
k k k k k k k
11) Whichk of k thek followingk statementsk arek true?
1. A k fixed k costk iskconstant kif kexpressed konkakperk unit kbasisk but kthektotalk dollark amount k c
hangesk ask thek numberk of k unitsk increasesk ork decreases.
2. Fixed k costsk expressed k onk ak perk unit k basisk dok not k changek withk changesk ink activity.
3. Committed k fixed k costsk remaink largelyk unchanged k ink thek short k run.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Onlyk statement k III k isk true.
D) Allk statementsk arek true.
12) Whichk of k thek followingk statementsk arek true?
1. Withink thek relevant k range,k ak changek inkactivitykresultsk ink akchangek inkvariablek cost k perk unit ka
nd k totalk fixed k cost.
2. Thek concept k of k thek relevant k rangek doesk not k applyk tok variablek costs.
A) Onlyk statement k I k isk true.
B) Onlyk statement k II k isk true.
C) Bothk of k thek statementsk arek true.
D) Neitherk of k thek statementsk arek true.
13) Whichk of k thek followingk statementsk arek true?
1. Whenk operationsk arek interruptedk ork cutk back,k committed kfixedk costsk arek cutk inkthek shortk t
ermk becausek thek costsk ofk restoringk themk laterk arek likelyk tok bekfark lesskthankthek short-
runk savingsk that k arek realized.
2. Thek cost k ofk napkinsk putk onk eachk person'sk trayk atk ak fastkfoodk restaurantk isk ak variablek cost k
withk respect k tok how k manyk personsk arek served.
3. Committed k fixed k costsk represent k organizationalk investmentsk withk ak one-
yeark planningk horizon.
4. Thek followingk costsk arek allk examplesk of k committed kfixed kcosts:k depreciationk onkbuildings,ks
alariesk of k highlyk trained k engineers,k realk estatek taxes,k and k insurancek expenses.
A) Onlyk statement k III k isk true.
B) Bothk statement k I k and k II k arek true.
C) Bothk statement k II k and k IVk arek true.
D) Allk statementsk arek true.
Versionk1 4
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