Managerial Accounting-MBA Prep Works Final
Exam Latest Update 2025-2026 70 Questions and
100% Verified Correct Answers Guaranteed A+
$5 -CORRECT ANSWER: if the breakeven is 5000 units, the fixed costs are $20,000,
the variable cost per unit is $1, what is the selling price?
5000 -CORRECT ANSWER: if the selling price is $5/unit, the variable cost is $1/unit and
the fixed cost is $20,000, the breakeven units is ______
a managerial accountant -CORRECT ANSWER: the budget is a document usually
prepared by:
absorption costing -CORRECT ANSWER: is preferred for external reporting purposes
absorption costing -CORRECT ANSWER: it inventories a piece of the fixed factory
overhead in each unit
accounts receivable -CORRECT ANSWER: in projecting cash receipts, a critical
element needed is ____ _____
activity based costing -CORRECT ANSWER: divide the overhead into finer pieces and
then apply them to the product
activity based costing -CORRECT ANSWER: helps to refine the costs associated with
overhead not direct materials
added to the cost for the period -CORRECT ANSWER: in the schedule of cost of goods
manufactured, work in process beginning inventory is _____
, administrative departments -CORRECT ANSWER: normally, static budgets are used
where?
after the cash receipts budget -CORRECT ANSWER: the budgeted balance sheet is
done ________________-
auditing -CORRECT ANSWER: which area houses the largest group of management
accountants?
backward looking -CORRECT ANSWER: financial information reported in an annual
report is _______ _________
break-even -CORRECT ANSWER: the point where sales revenue is equal to costs is
known as_____
budgeted balance sheet -CORRECT ANSWER: the timing of cash receipts and cash
disbursements is essential to the development of the ____ _____ ____
cash -CORRECT ANSWER: the most critical items needed in the budgeted balance
sheet is _____
certified public accountant -CORRECT ANSWER: what does CPA stand for?
CFO and Board of Directors -CORRECT ANSWER: The director of auditing in most
large corporations has two bosses, the ______ and ______ ___ _____
composite unit -CORRECT ANSWER: the _____ _____ does change if the sales mix
changes, but so does the break-even point
Exam Latest Update 2025-2026 70 Questions and
100% Verified Correct Answers Guaranteed A+
$5 -CORRECT ANSWER: if the breakeven is 5000 units, the fixed costs are $20,000,
the variable cost per unit is $1, what is the selling price?
5000 -CORRECT ANSWER: if the selling price is $5/unit, the variable cost is $1/unit and
the fixed cost is $20,000, the breakeven units is ______
a managerial accountant -CORRECT ANSWER: the budget is a document usually
prepared by:
absorption costing -CORRECT ANSWER: is preferred for external reporting purposes
absorption costing -CORRECT ANSWER: it inventories a piece of the fixed factory
overhead in each unit
accounts receivable -CORRECT ANSWER: in projecting cash receipts, a critical
element needed is ____ _____
activity based costing -CORRECT ANSWER: divide the overhead into finer pieces and
then apply them to the product
activity based costing -CORRECT ANSWER: helps to refine the costs associated with
overhead not direct materials
added to the cost for the period -CORRECT ANSWER: in the schedule of cost of goods
manufactured, work in process beginning inventory is _____
, administrative departments -CORRECT ANSWER: normally, static budgets are used
where?
after the cash receipts budget -CORRECT ANSWER: the budgeted balance sheet is
done ________________-
auditing -CORRECT ANSWER: which area houses the largest group of management
accountants?
backward looking -CORRECT ANSWER: financial information reported in an annual
report is _______ _________
break-even -CORRECT ANSWER: the point where sales revenue is equal to costs is
known as_____
budgeted balance sheet -CORRECT ANSWER: the timing of cash receipts and cash
disbursements is essential to the development of the ____ _____ ____
cash -CORRECT ANSWER: the most critical items needed in the budgeted balance
sheet is _____
certified public accountant -CORRECT ANSWER: what does CPA stand for?
CFO and Board of Directors -CORRECT ANSWER: The director of auditing in most
large corporations has two bosses, the ______ and ______ ___ _____
composite unit -CORRECT ANSWER: the _____ _____ does change if the sales mix
changes, but so does the break-even point
