1) Management accounting plays a role in a planning new products. b evaluating o
ID: 2665741 • Letter: 1
Question
1) Management accounting plays a role in
a planning new products.
b evaluating operational processes.
c controlling costs.
d all of the above.
2) Management accounting, managers are more concerned with receiving information that is:
a completely objective and verifiable.
b completely accurate and precise.
c relevant, flexible, and immediately available.
d relevant, completely accurate, and precise.
3) Which one of the following costs should NOT be considered a direct cost of serving a particular customer who orders a customized personal computer by phone directly from the manufacturer?
a the cost of the hard disk drive installed in the computer.
b the cost of shipping the computer to the customer.
c the cost of leasing a machine on a monthly basis that automatically tests hard disk drives before they are installed in computers.
d the cost of packaging the computer for shipment.
Explanation / Answer
1) Management accounting plays a role in
a planning new products.
b evaluating operational processes.
c controlling costs.
d all of the above.
b. and c. are your answers. Typically, we consider Account planning to be the R&D of a team; they are the research team for new products.
2) Management accounting, managers are more concerned with receiving information that is:
a completely objective and verifiable.
b completely accurate and precise.
c relevant, flexible, and immediately available.
d relevant, completely accurate, and precise.
Being as it is the management accounting's job to control and plan, it is imperative that the information given to them is relevant; there is such a thing as too much information in the world of account management, and irrelevant information, is bad information.
3) Which one of the following costs should NOT be considered a direct cost of serving a particular customer who orders a customized personal computer by phone directly from the manufacturer?
a the cost of the hard disk drive installed in the computer.
b the cost of shipping the computer to the customer.
c the cost of leasing a machine on a monthly basis that automatically tests hard disk drives before they are installed in computers.
d the cost of packaging the computer for shipment.
Everything else here is direct cost, this is the only one that is over time, note the word "monthly".
Hope that helps.
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