管理会计双语测试题VIP免费

1 Managerial Accounting Review Question 一、True/False Questions For each of the following, circle the T or the F to indicate whether the statement is true or false. 1 Managerial accounting refers to the preparation and use of accounting information designed to meet the needs of decision makers inside the business organization. 2 Product costs are selling expenses that appear on the income statement. 3 Management accounting reports provide a means of monitoring , evaluating and rewarding performance. 4 Product costs are offset against revenue in the period in which the related products are sold, rather than the period in which the costs are incurred. 5 Manufacturing overhead is considered an indirect cost, since overhead costs generally cannot be traced conveniently and directly to specific units of product. 6 Overhead application rates allow overhead to be assigned at the beginning of a period to help set prices. 7 Pepsi Cola would most likely use a job order costing system. 8 Activity-based costing tracks cost to the activities that consume resources. 9 Activity based costing uses multiple activity bases to assign overhead costs to units of production. 10 The two steps required in Activity Based Costing are 1) Identify separate activity cost pools and 2) allocate each cost pool to the product using an appropriate cost driver 11 The new manufacturing environment is characterized by its shift toward labor intensive production and declining manufacturing overhead costs. 12 A cost driver is an activity base that is highly correlated with manufacturing overhead costs. 13 In ABC, only one cost driver should be used in applying overhead. 14 As companies become more automated overhead costs decrease an...