埃及总统穆巴拉克Managerial Accounting – Exam 4
Student Number: __________________________
Part I - Multiple Guess (135 points)
1. A gment of a business responsible for both revenues and expens would be called:
A) a cost center.
B) an investment center.
C) a profit center.
D) residual income.
2. Lanta Restaurant compares monthly operating results with a static budget prepared at the beginning of the year. When actual sales are less than budget, would the restaurant usually report favorable variances on variable food costs and fixed supervisory salaries?
| Food Costs | Supervisory Salaries |
A) | No | No |
B) | No | Yeswrapped |
C) | 刘庭梅Yes | No |
D) | Yes | Yes |
| | |
3. All other things equal, a company's return on investment (ROI) would generally increa when:
A) average operating asts increa.
B) sales decrea.
C) operating expens decrea.
D) operating expens increa.
4. The performance of the manager of Division A is measured by residual income. Which of the following would increa the manager's performance measure?
A) Increa in average operating asts.
B) Decrea in average operating asts.
C) Increa in minimum required return.
D) Decrea in net operating income.
5. Consider the following three statements:
I. A profit center has control over both cost and revenue.
balance是什么意思II. An investment center has control over invested funds, but not over costs and revenue.
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III. A cost center has no control over sales
Which statement(s) is/are correct?
A) Only I
B) Only II
C) Only I and III
D) Only I and II
6. A company's return on investment is the:
A) margin divided by turnover.
B) margin multiplied by turnover.
C) turnover divided by average operating asts.
D) turnover multiplied by average operating asts.
E) none of the above.
7. Delmar Corporation is considering the u of residual income as a measure of the performance of its divisions. What major disadvantage of this method should the company consider before deciding to institute it?
A) this method does not make allowance for difference in the size of compared divisions.
B) opportunities may be undertaken which will decrea the overall return on investment.
C) the minimum required rate of return may eliminate desirable opportunities from consideration.
D) residual income does not measure how effectively the division manager controls costs.
E) none of the above.
8. Which department is usually held responsible for an unfavorable materials quantity variance?
胡萝卜的英文单词
A) Marketing.
B) Purchasing.
C) Engineering.
D) Production.
E) None of the above.
9. A major weakness of flexible budgets is that:
A) they are geared only to a single level of activity.
B) they give subordinates too much flexibility.
C) they force the manager to compare actual costs at one level of activity to budgeted c
道明寺司osts at a different level of activity.
D) none of the.
10. In a job order cost system, the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period:
A. is deducted on the Income Statement as overapplied overhead.
B) is clod to Cost of Goods Sold.
C) is transferred to Finished Goods at the end of the period.
D) is part of the ending balance of the Work in Process inventory account.
E) none of the above.
11. Which one of the following costs would not be considered an indirect cost of rving a particular customer at a Pizza Hut franchi?
A) The salary of the franchi's manager.
B) The cost of the tables and chairs ud to furnish the restaurant.
bringin C) The cost of the dough ud to make the pizza that is ordered.
D) The cost of lighting and heating the restaurant.
12. If a company applies overhead to jobs on the basis of a predetermined overhead rate, a credit balance in the Manufacturing Overhead account at the end of any period means that:
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A) more overhead cost has been charged to jobs than has been incurred during the period.
B) more overhead cost has been incurred during the period than has been charged to jobs.
C) the amount of overhead cost charged to jobs is greater than the estimated cost for th
e period.
D) the amount of overhead cost charged to jobs is less than the estimated overhead cost for the period.
一般过去时态E) none of the above.
13. Which of the following statements is (are) true?
