Are you familiar with management accounting? Would you like to try this quiz? In managerial accounting, managers utilize accounting information to better inform themselves before making decisions about their organizations, which helps them manage and implement control functions. It delivers financial information for the organization’s internal management, its employees, managers, and executives. If you want to learn more about management See moreaccounting, this is the quiz for you.
They will remain the same as production levels change within the relevant range.
They will decrease as production increases within the relevant range.
They will decrease as production decreases within the relevant range.
They will increase as production decreases within the relevant range.
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They will increase as production decreases within the relevant range.
They will remain the same as production levels change within the relevant range.
They will decrease as production increases within the relevant range.
They will decrease as production decreases within the relevant range.
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They will increase as production increases.
They will decrease as production decreases.
They will increase as production decreases.
They will remain the same as production levels change.
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Direct materials cost
Direct labor cost
Sales commissions expense
Straight-line depreciation expense
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They are fixed per unit and vary in total.
They are fixed in total.
They vary per unit of output.
They decrease per unit as production volume increases.
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Conversion cost
Fixed cost
Mixed cost
Variable cost
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Variable
Fixed
Mixed
Step
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Property taxes and insurance
Depreciation
Employees wages
Advertising
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Research and Development
Depreciation
Office holiday party
Advertising
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Committed fixed costs.
Discretionary fixed costs.
All fixed costs.
Any of the above.
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Step costs
Mixed costs
Fixed costs
Variable costs
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The relevant range of the cost
The type of cost behavior
Neither of the above
Both of the above
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Fixed
Mixed
Step
Variable
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Fixed
Mixed
Step
Variable
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Fixed
Mixed
Step
Variable
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Variable
Fixed
Mixed
Step
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Account analysis
High-low method
Regression analysis
Low-high method
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Highest volume; the lowest volume
Highest cost; the lowest cost
Highest volume; the lowest cost
Highest cost; the lowest volume
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Intercept coefficient
X variable 1 coefficient
R-square
Residual
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Outliers
General inflation
Seasonality
All of the above
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Contribution margin
Gross profit
Operating income
Operating expenses
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Function
Behavior
Discretionary vs. committed
No particular manner. Costs are listed in any order
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Sales minus cost of goods sold
Sales minus variable expenses
Sales minus fixed expenses
Sales minus operating expenses
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Above the contribution margin line
Above the gross profit line
Below the contribution margin line
Below the gross profit line
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Above the contribution margin line
Above the gross profit line
Below the contribution margin line.
Below the gross profit line
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$125,000
$475,000
$225,000
$250,000
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$(324,000)
$324,000
$111
$6,000
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