Test Bank for Managerial Accounting, 18th Edition by Ray Garrison

Test Bank for Managerial Accounting, 18th
s2 s2 s2 s2 s2




Edition by Ray Garrison
s2 s2 s2

,Managerials2Accountings2Editions218s2bys2Garris
ons2Versions21

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CORRECTs2ANSWERSs2AREs2LOCATEDs2INs2THEs22NDs2HALFs2OFs2THISs2DOC.
MULTIPLEs2CHOICEs2-
s2Chooses2thes2ones2alternatives2thats2bests2completess2thes2statements2ors2answerss2thes2question.

1) Whichs2ofs2thes2followings2statementss2ares2true?
1. As2factorys2supervisor'ss2salarys2woulds2bes2classifieds2ass2ans2indirects2costs2withs2respects2to
s2as2units2ofs2product.

2. As2directs2costs2iss2as2costs2thats2cans2bes2easilys2traceds2tos2thes2particulars2costs2objec
ts2unders2consideration.
3. As2costs2cans2bes2directs2ors2indirect.s2Thes2classifications2cans2changes2ifs2thes2costs2objects2changes.
A) Onlys2statements2Is2iss2true.
B) Statementss2Is2ands2IIs2ares2true.
C) Alls2ofs2thes2statementss2ares2true.
D) Nones2ofs2thes2statementss2ares2true.

2) Whichs2ofs2thes2followings2statementss2ares2true?
1. Wagess2paids2tos2productions2supervisorss2woulds2bes2classifieds2ass2manufacturings2overhead.
2. Indirects2costs,s2suchs2ass2manufacturings2overhead,s2ares2variables2costs.
3. Sellings2costss2ares2indirects2costs.
4. Administratives2costss2ares2indirects2costs.
A) Onlys2statements2Is2iss2true.
B) Statementss2Is2ands2IIIs2ares2true.
C) Alls2statementss2ares2true.
D) Nones2ofs2thes2statementss2ares2true.

3) Whichs2ofs2thes2followings2statementss2ares2true?
1. Thes2sums2ofs2alls2manufacturings2costss2excepts2fors2directs2materialss2ands2directs2labors2is
s2calleds2manufacturings2overhead.

2. Thes2threes2costs2elementss2ordinarilys2includeds2ins2products2costss2ares2directs2materials,s2
directs2labor,s2ands2manufacturings2overhead.
A) Onlys2statements2Is2iss2true.
B) Onlys2statements2IIs2iss2true.
C) Boths2ofs2thes2statementss2ares2true.
D) Neithers2ofs2thes2statementss2ares2true.

ACCESSs2Tests2Banks2fors2Managerials2Accountings218ths2Editions2Garrisons2mynursytest
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Managerials2Accountings2Editions218s2bys2Garrison

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4) Whichs2ofs2thes2followings2statementss2ares2true?
1. Depreciations2iss2alwayss2considereds2as2periods2costs2fors2externals2financials2reportings2pur
posess2ins2as2manufacturings2company.
2. Depreciations2ons2equipments2as2companys2usess2ins2itss2sellings2ands2administratives2acti
vitiess2woulds2bes2classifieds2ass2as2periods2cost.
A) Onlys2statements2Is2iss2true.
B) Onlys2statements2IIs2iss2true.
C) Boths2ofs2thes2statementss2ares2true.
D) Neithers2ofs2thes2statementss2ares2true.

5) Whichs2ofs2thes2followings2statementss2ares2true?
1. Conversions2costs2iss2thes2sums2ofs2directs2labors2costs2ands2manufacturings2overheads2cost.
2. Conversions2costs2iss2thes2sames2things2ass2manufacturings2overhead.
3. Conversions2costs2equalss2products2costs2lesss2directs2materialss2cost.
A) Onlys2statements2Is2iss2true.
B) Statementss2Is2ands2IIIs2ares2true.
C) Alls2statementss2ares2true.
D) Nones2ofs2thes2statementss2ares2true.

6) Whichs2ofs2thes2followings2statementss2ares2true?
1. Ins2as2manufacturings2company,s2alls2costss2ares2periods2costs.
2. Sellings2ands2administratives2expensess2ares2periods2costss2unders2generallys2accepteds2accou
ntings2principles.
3. Thes2costs2ofs2shippings2partss2froms2as2suppliers2iss2considereds2as2periods2cost.
A) Onlys2statements2Is2iss2true.
B) Onlys2statements2IIs2iss2true.
C) Statementss2Is2ands2IIs2ares2true.
D) Statementss2Is2ands2IIIs2ares2true.

7) Whichs2ofs2thes2followings2statementss2ares2true?
1. Advertisings2iss2nots2as2considereds2as2products2costs2evens2ifs2its2promotess2as2specifics2product.
2. Products2costss2ares2alsos2knowns2ass2inventoriables2costs.
3. Primes2costs2iss2thes2sums2ofs2directs2materialss2costs2ands2directs2labors2cost.
4. Primes2costs2equalss2manufacturings2overheads2cost.

, A) Onlys2statements2Is2iss2true.
B) Boths2statementss2Is2ands2IVs2ares2true.
C) Statementss2I,s2II,s2ands2IIIs2ares2true.
D) Nones2ofs2thes2statementss2ares2true.

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8) Whichs2ofs2thes2followings2statementss2ares2true?
1. Ifs2thes2activitys2levels2increases,s2thens2ones2woulds2expects2thes2fixeds2costs2pers2units2tos2inc
reases2ass2well.
2. As2fixeds2costs2iss2as2costs2whoses2costs2pers2units2variess2ass2thes2activitys2levels2risess2ands2falls.
3. As2decreases2ins2productions2wills2ordinarilys2results2ins2as2decreases2ins2fixeds2productions2co
stss2pers2unit.
A) Onlys2statements2IIs2iss2true.
B) Onlys2statements2IIIs2iss2true.
C) Statementss2Is2ands2IIs2ares2true.
D) Statementss2Is2ands2IIIs2ares2true.

9) Whichs2ofs2thes2followings2statementss2ares2true?
1. Costs2behaviors2iss2considereds2curvilinears2whenevers2as2straights2lines2iss2as2reaso
nables2approximations2fors2thes2relations2betweens2costs2ands2activity.
2. Ass2activitys2decreasess2withins2thes2relevants2range,s2fixeds2costss2remains2constants2ons2as2p
ers2units2basis.
3. Ins2accounts2analysis,s2ans2accounts2iss2classifieds2ass2eithers2variables2ors2fixeds2baseds
2ons2ans2analyst’ss2priors2knowledges2ofs2hows2thes2costs2ins2thes2accounts2behaves.

A) Onlys2statements2Is2iss2true.
B) Onlys2statements2IIs2iss2true.
C) Onlys2statements2IIIs2iss2true.