ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC.
m m m m m m m m m m
MULTIPLEmCHOICEm-
mChoosemthemonemalternativemthatmbestmcompletesmthemstatementmorm answersmthemquestion
.
1) Whichmofmthemfollowingmstatementsmaremtrue?
1. Amfactorymsupervisor'smsalarymwouldmbemclassifiedmasmanmindirectmcostmwithmrespectmtomam
unitmofmproduct.
2. Amdirectmcostmismamcostmthatmcanmbemeasilymtracedmtomthemparticularmcostmobjectmun
dermconsideration.
3. Amcostmcanmbemdirectmormindirect.mThemclassificationmcanmchangemifmthemcostmobjectmchanges.
A) OnlymstatementmImismtrue.
B) StatementsmImandmIImaremtrue.
C) Allmofmthemstatementsmaremtrue.
D) Nonemofmthemstatementsmaremtrue.
2) Whichmofmthemfollowingmstatementsmaremtrue?
1. Wagesmpaidmtomproductionmsupervisorsmwouldmbemclassifiedmasmmanufacturingmoverhead.
2. Indirectmcosts,msuchmasmmanufacturingmoverhead,maremvariablemcosts.
3. Sellingmcostsmaremindirectmcosts.
4. Administrativemcostsmaremindirectmcosts.
A) OnlymstatementmImismtrue.
B) StatementsmImandmIIImaremtrue.
C) Allmstatementsmaremtrue.
D) Nonemofmthemstatementsmaremtrue.
3) Whichmofmthemfollowingmstatementsmaremtrue?
1. Themsummofmallmmanufacturingmcostsmexceptmformdirectmmaterialsmandmdirectmlabormismcal
ledmmanufacturingmoverhead.
2. Themthreemcostmelementsmordinarilymincludedminmproductmcostsmaremdirectmmaterials,mdir
ectmlabor,mandmmanufacturingmoverhead.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
Versionm 1
1 mynursytest.store
,ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
4)m Whichmofmthemfollowingmstatementsmaremtrue?
1. Depreciationmismalwaysmconsideredmamperiodmcostmformexternalmfinancialmreportingmpurpos
esminmammanufacturingmcompany.
2. Depreciationmonmequipmentmamcompanymusesminmitsmsellingmandmadministrativemactiviti
esmwouldmbemclassifiedmasmamperiodmcost.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
5) Whichmofmthemfollowingmstatementsmaremtrue?
1. Conversionmcostmismthemsummofmdirectmlabormcostmandmmanufacturingmoverheadmcost.
2. Conversionmcostmismthemsamemthingmasmmanufacturingmoverhead.
3. Conversionmcostmequalsmproductmcostmlessmdirectmmaterialsmcost.
A) OnlymstatementmImismtrue.
B) StatementsmImandmIIImaremtrue.
C) Allmstatementsmaremtrue.
D) Nonemofmthemstatementsmaremtrue.
6) Whichmofmthemfollowingmstatementsmaremtrue?
1. Inmammanufacturingmcompany,mallmcostsmaremperiodmcosts.
2. Sellingmandmadministrativemexpensesmaremperiodmcostsmundermgenerallymacceptedmaccounti
ngmprinciples.
3. Themcostmofmshippingmpartsmfrommamsuppliermismconsideredmamperiodmcost.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) StatementsmImandmIImaremtrue.
D) StatementsmImandmIIImaremtrue.
7) Whichmofmthemfollowingmstatementsmaremtrue?
1. Advertisingmismnotmamconsideredmamproductmcostmevenmifmitmpromotesmamspecificmproduct.
2. Productmcostsmaremalsomknownmasminventoriablemcosts.
3. Primemcostmismthemsummofmdirectmmaterialsmcostmandmdirectmlabormcost.
4. Primemcostmequalsmmanufacturingmoverheadmcost.
A) OnlymstatementmImismtrue.
B) BothmstatementsmImandmIVmaremtrue.
C) StatementsmI,mII,mandmIIImaremtrue.
D) Nonemofmthemstatementsmaremtrue.
Versionm 2
1 mynursytest.store
,ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
8)m Whichmofmthemfollowingmstatementsmaremtrue?
1. Ifmthemactivitymlevelmincreases,mthenmonemwouldmexpectmthemfixedmcostmpermunitmtomincrease
masmwell.
2. Amfixedmcostmismamcostmwhosemcostmpermunitmvariesmasmthemactivitymlevelmrisesmandmfalls.
3. Amdecreaseminmproductionmwillmordinarilymresultminmamdecreaseminmfixedmproductionmcostsm
permunit.
A) OnlymstatementmIImismtrue.
B) OnlymstatementmIIImismtrue.
C) StatementsmImandmIImaremtrue.
D) StatementsmImandmIIImaremtrue.
9) Whichmofmthemfollowingmstatementsmaremtrue?
1. Costmbehaviormismconsideredmcurvilinearmwhenevermamstraightmlinemismamreasona
blemapproximationmformthemrelationmbetweenmcostmandmactivity.
2. Asmactivitymdecreasesmwithinmthemrelevantmrange,mfixedmcostsmremainmconstantmonmampermu
nitmbasis.
3. Inmaccountmanalysis,manmaccountmismclassifiedmasmeithermvariablemormfixedmbasedmon
manmanalyst’smpriormknowledgemofmhowmthemcostminmthemaccountmbehaves.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) OnlymstatementmIIImismtrue.
D) Allmstatementsmaremtrue.
10) Whichmofmthemfollowingmstatementsmaremtrue?
1. Themvariablemcostmpermunitmdependsmonmhowmmanymunitsmaremproduced.
2. Amstep-
variablemcostmismamcostmthatmismobtainedminmlargemchunksmandmthatmincreasesmormdecr
easesmonlyminmresponsemtomfairlymwidemchangesminmactivity.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
Versionm 3
1 mynursytest.store
, ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
11)m Whichmofmthemfollowingmstatementsmaremtrue?
1. Amfixedmcostmismconstantmifmexpressedmonmampermunitmbasismbutmthemtotalmdollarmamo
untmchangesmasmthemnumbermofmunitsmincreasesmormdecreases.
2. Fixedmcostsmexpressedmonmampermunitmbasismdomnotmchangemwithmchangesminmactivity.
3. Committedmfixedmcostsmremainmlargelymunchangedminmthemshortmrun.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) OnlymstatementmIIImismtrue.
D) Allmstatementsmaremtrue.
12) Whichmofmthemfollowingmstatementsmaremtrue?
1. Withinmthemrelevantmrange,mamchangeminmactivitymresultsminmamchangeminmvariablemcostmperm
unitmandmtotalmfixedmcost.
2. Themconceptmofmthemrelevantmrangemdoesmnotmapplymtomvariablemcosts.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
13) Whichmofmthemfollowingmstatementsmaremtrue?
1. Whenmoperationsmareminterruptedmormcutmback,mcommittedmfixedmcostsmaremcutminmthemsh
ortmtermmbecausemthemcostsmofmrestoringmthemmlatermaremlikelymtombemfarmlessmthanmthemsh
ort-runmsavingsmthatmaremrealized.
2. Themcostmofmnapkinsmputmonmeachmperson'smtraymatmamfastmfoodmrestaurantmismamvariablem
costmwithmrespectmtomhowmmanympersonsmaremserved.
3. Committedmfixedmcostsmrepresentmorganizationalminvestmentsmwithmamone-
yearmplanningmhorizon.
4. Themfollowingmcostsmaremallmexamplesmofmcommittedmfixedmcosts:mdepreciationmonmbuildin
gs,msalariesmofmhighlymtrainedmengineers,mrealmestatemtaxes,mandminsurancemexpenses.
A) OnlymstatementmIIImismtrue.
B) BothmstatementmImandmIImaremtrue.
C) BothmstatementmIImandmIVmaremtrue.
D) Allmstatementsmaremtrue.
Versionm 4
1 mynursytest.store
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC.
m m m m m m m m m m
MULTIPLEmCHOICEm-
mChoosemthemonemalternativemthatmbestmcompletesmthemstatementmorm answersmthemquestion
.
1) Whichmofmthemfollowingmstatementsmaremtrue?
1. Amfactorymsupervisor'smsalarymwouldmbemclassifiedmasmanmindirectmcostmwithmrespectmtomam
unitmofmproduct.
2. Amdirectmcostmismamcostmthatmcanmbemeasilymtracedmtomthemparticularmcostmobjectmun
dermconsideration.
3. Amcostmcanmbemdirectmormindirect.mThemclassificationmcanmchangemifmthemcostmobjectmchanges.
A) OnlymstatementmImismtrue.
B) StatementsmImandmIImaremtrue.
C) Allmofmthemstatementsmaremtrue.
D) Nonemofmthemstatementsmaremtrue.
2) Whichmofmthemfollowingmstatementsmaremtrue?
1. Wagesmpaidmtomproductionmsupervisorsmwouldmbemclassifiedmasmmanufacturingmoverhead.
2. Indirectmcosts,msuchmasmmanufacturingmoverhead,maremvariablemcosts.
3. Sellingmcostsmaremindirectmcosts.
4. Administrativemcostsmaremindirectmcosts.
A) OnlymstatementmImismtrue.
B) StatementsmImandmIIImaremtrue.
C) Allmstatementsmaremtrue.
D) Nonemofmthemstatementsmaremtrue.
3) Whichmofmthemfollowingmstatementsmaremtrue?
1. Themsummofmallmmanufacturingmcostsmexceptmformdirectmmaterialsmandmdirectmlabormismcal
ledmmanufacturingmoverhead.
2. Themthreemcostmelementsmordinarilymincludedminmproductmcostsmaremdirectmmaterials,mdir
ectmlabor,mandmmanufacturingmoverhead.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
Versionm 1
1 mynursytest.store
,ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
4)m Whichmofmthemfollowingmstatementsmaremtrue?
1. Depreciationmismalwaysmconsideredmamperiodmcostmformexternalmfinancialmreportingmpurpos
esminmammanufacturingmcompany.
2. Depreciationmonmequipmentmamcompanymusesminmitsmsellingmandmadministrativemactiviti
esmwouldmbemclassifiedmasmamperiodmcost.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
5) Whichmofmthemfollowingmstatementsmaremtrue?
1. Conversionmcostmismthemsummofmdirectmlabormcostmandmmanufacturingmoverheadmcost.
2. Conversionmcostmismthemsamemthingmasmmanufacturingmoverhead.
3. Conversionmcostmequalsmproductmcostmlessmdirectmmaterialsmcost.
A) OnlymstatementmImismtrue.
B) StatementsmImandmIIImaremtrue.
C) Allmstatementsmaremtrue.
D) Nonemofmthemstatementsmaremtrue.
6) Whichmofmthemfollowingmstatementsmaremtrue?
1. Inmammanufacturingmcompany,mallmcostsmaremperiodmcosts.
2. Sellingmandmadministrativemexpensesmaremperiodmcostsmundermgenerallymacceptedmaccounti
ngmprinciples.
3. Themcostmofmshippingmpartsmfrommamsuppliermismconsideredmamperiodmcost.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) StatementsmImandmIImaremtrue.
D) StatementsmImandmIIImaremtrue.
7) Whichmofmthemfollowingmstatementsmaremtrue?
1. Advertisingmismnotmamconsideredmamproductmcostmevenmifmitmpromotesmamspecificmproduct.
2. Productmcostsmaremalsomknownmasminventoriablemcosts.
3. Primemcostmismthemsummofmdirectmmaterialsmcostmandmdirectmlabormcost.
4. Primemcostmequalsmmanufacturingmoverheadmcost.
A) OnlymstatementmImismtrue.
B) BothmstatementsmImandmIVmaremtrue.
C) StatementsmI,mII,mandmIIImaremtrue.
D) Nonemofmthemstatementsmaremtrue.
Versionm 2
1 mynursytest.store
,ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
8)m Whichmofmthemfollowingmstatementsmaremtrue?
1. Ifmthemactivitymlevelmincreases,mthenmonemwouldmexpectmthemfixedmcostmpermunitmtomincrease
masmwell.
2. Amfixedmcostmismamcostmwhosemcostmpermunitmvariesmasmthemactivitymlevelmrisesmandmfalls.
3. Amdecreaseminmproductionmwillmordinarilymresultminmamdecreaseminmfixedmproductionmcostsm
permunit.
A) OnlymstatementmIImismtrue.
B) OnlymstatementmIIImismtrue.
C) StatementsmImandmIImaremtrue.
D) StatementsmImandmIIImaremtrue.
9) Whichmofmthemfollowingmstatementsmaremtrue?
1. Costmbehaviormismconsideredmcurvilinearmwhenevermamstraightmlinemismamreasona
blemapproximationmformthemrelationmbetweenmcostmandmactivity.
2. Asmactivitymdecreasesmwithinmthemrelevantmrange,mfixedmcostsmremainmconstantmonmampermu
nitmbasis.
3. Inmaccountmanalysis,manmaccountmismclassifiedmasmeithermvariablemormfixedmbasedmon
manmanalyst’smpriormknowledgemofmhowmthemcostminmthemaccountmbehaves.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) OnlymstatementmIIImismtrue.
D) Allmstatementsmaremtrue.
10) Whichmofmthemfollowingmstatementsmaremtrue?
1. Themvariablemcostmpermunitmdependsmonmhowmmanymunitsmaremproduced.
2. Amstep-
variablemcostmismamcostmthatmismobtainedminmlargemchunksmandmthatmincreasesmormdecr
easesmonlyminmresponsemtomfairlymwidemchangesminmactivity.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
Versionm 3
1 mynursytest.store
, ACCESS Test Bank for Managerial Accounting for Managers 6th EditionNoree
m m m m m m m m m m
n
Managerial Accounting for Managers Edition 6 by Noreen
m m m m m m m
11)m Whichmofmthemfollowingmstatementsmaremtrue?
1. Amfixedmcostmismconstantmifmexpressedmonmampermunitmbasismbutmthemtotalmdollarmamo
untmchangesmasmthemnumbermofmunitsmincreasesmormdecreases.
2. Fixedmcostsmexpressedmonmampermunitmbasismdomnotmchangemwithmchangesminmactivity.
3. Committedmfixedmcostsmremainmlargelymunchangedminmthemshortmrun.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) OnlymstatementmIIImismtrue.
D) Allmstatementsmaremtrue.
12) Whichmofmthemfollowingmstatementsmaremtrue?
1. Withinmthemrelevantmrange,mamchangeminmactivitymresultsminmamchangeminmvariablemcostmperm
unitmandmtotalmfixedmcost.
2. Themconceptmofmthemrelevantmrangemdoesmnotmapplymtomvariablemcosts.
A) OnlymstatementmImismtrue.
B) OnlymstatementmIImismtrue.
C) Bothmofmthemstatementsmaremtrue.
D) Neithermofmthemstatementsmaremtrue.
13) Whichmofmthemfollowingmstatementsmaremtrue?
1. Whenmoperationsmareminterruptedmormcutmback,mcommittedmfixedmcostsmaremcutminmthemsh
ortmtermmbecausemthemcostsmofmrestoringmthemmlatermaremlikelymtombemfarmlessmthanmthemsh
ort-runmsavingsmthatmaremrealized.
2. Themcostmofmnapkinsmputmonmeachmperson'smtraymatmamfastmfoodmrestaurantmismamvariablem
costmwithmrespectmtomhowmmanympersonsmaremserved.
3. Committedmfixedmcostsmrepresentmorganizationalminvestmentsmwithmamone-
yearmplanningmhorizon.
4. Themfollowingmcostsmaremallmexamplesmofmcommittedmfixedmcosts:mdepreciationmonmbuildin
gs,msalariesmofmhighlymtrainedmengineers,mrealmestatemtaxes,mandminsurancemexpenses.
A) OnlymstatementmIIImismtrue.
B) BothmstatementmImandmIImaremtrue.
C) BothmstatementmIImandmIVmaremtrue.
D) Allmstatementsmaremtrue.
Versionm 4
1 mynursytest.store
