1
Managerial Accounting Questions and
Answers (100% Correct Answers)
Already Graded A+
Marginal Cost Ans: Extra cost of producing one
additional unit of production.
Unit Cost Ans: The average production cost per
© 2025 Assignment
unit
Guru01 - Stuvia
Continuous Improvement Ans: Ongoing small,
Expert
incremental improvements in all parts of an
organization
Kaizan Ans: short term approach to enhancing
efficiency that focuses on improving an existing
process or an activity within a process
Direct Cost Ans: a cost that can be easily and
conveniently traced to a specified cost object.
Direct Labor Ans: the labor specifically used in
the creation of a good.
Direct Materials Ans: the materials specifically
used in the creation of a good.
, 2
Indirect Cost Ans: a cost that cannot be easily
and conveniently traced to a specified cost
object, a part of manufacturing overhead.
Manufacturing Overhead Ans: everything that is
indirectly involved with the production of a
good. not direct materials and not direct labor
Product/ Inventorial Cost Ans: costs that are a
© 2025 Assignment
necessary and integral part of producing the
Guru01 - Stuvia
finished product. shows up on the balance sheet
until product is sold.
Expert
Period Cost Ans: all non-manufacturing costs,
deducted as an expense in the accounting period
in which they are incurred.
Variable Cost Ans: a cost that rises or falls
depending on how much is produced. they are
constant.
Fixed Cost Ans: a cost that does not change, no
matter how much of a good is produced
Differential Cost Ans: A relevant costs: costs
that can be avoided when alternatives are
changed.
Managerial Accounting Questions and
Answers (100% Correct Answers)
Already Graded A+
Marginal Cost Ans: Extra cost of producing one
additional unit of production.
Unit Cost Ans: The average production cost per
© 2025 Assignment
unit
Guru01 - Stuvia
Continuous Improvement Ans: Ongoing small,
Expert
incremental improvements in all parts of an
organization
Kaizan Ans: short term approach to enhancing
efficiency that focuses on improving an existing
process or an activity within a process
Direct Cost Ans: a cost that can be easily and
conveniently traced to a specified cost object.
Direct Labor Ans: the labor specifically used in
the creation of a good.
Direct Materials Ans: the materials specifically
used in the creation of a good.
, 2
Indirect Cost Ans: a cost that cannot be easily
and conveniently traced to a specified cost
object, a part of manufacturing overhead.
Manufacturing Overhead Ans: everything that is
indirectly involved with the production of a
good. not direct materials and not direct labor
Product/ Inventorial Cost Ans: costs that are a
© 2025 Assignment
necessary and integral part of producing the
Guru01 - Stuvia
finished product. shows up on the balance sheet
until product is sold.
Expert
Period Cost Ans: all non-manufacturing costs,
deducted as an expense in the accounting period
in which they are incurred.
Variable Cost Ans: a cost that rises or falls
depending on how much is produced. they are
constant.
Fixed Cost Ans: a cost that does not change, no
matter how much of a good is produced
Differential Cost Ans: A relevant costs: costs
that can be avoided when alternatives are
changed.
