You are watching: Flexibility of practice when applied to managerial accounting means that:
C. Managerial accounting mechanism differ throughout providers depending upon the nature of the company and the setup of its internal operations.
Managerial accountancy is various from financial bookkeeping in that:A. Managerial accountancy is more focused on the organization overall and also financial bookkeeping is more concentrated on subdepartments of the company.B. Managerial accounting never includes nonmonetary information.C. Managerial accountancy contains many projections and estimates whereas financial accountancy has a minimum of predictions.D. Managerial audit is provided generally by investors, whereas financial accountancy is supplied just by creditors.E. Managerial audit is mainly used to set stock prices.
C. Managerial accountancy contains many type of projections and estimates whereas financial accountancy has a minimum of predictions.
An perspective of constantly seeking ways to improve firm operations, including customer service, product quality, product functions, the production procedure, and employee interactions, is called:A. Continuous development.B. Customer orientation.C. Just-in-time.D. Theory of constraints.E. Total quality measurement.
A monitoring idea that looks for to uncover and also get rid of waste in all facets of organization activities is called:A. Continuous operations.B. Customer orientation.C. Just-in-time.D. Theory of constraints.E. Total top quality administration.
A fixed cost:A. Requires the future outlay of cash and is relevant for future decision making.B. Does not change with alters in the volume of task within the pertinent range.C. Is directly traceable to a cost object.D. Changes through changes in the volume of task within the appropriate range.E. Is irrelevant for cost-volume-profit and also temporary decision making.
Last year, Gordon Company type of marketed 20,000 units of its only product. If sales boost by 20% in the existing year, exactly how will certainly unit variable expense and also full resolved cost be affected?Unit Variable Cost/Total Fixed CostA) Remains constant/Remains constantB) Increases/ DecreasesC) Decreases/ Remains constantD) Remains constant/DecreasesE) Remains constant/Increases
A manufacturing company has a start finished goods inventory of $15,500, raw material purchases of $18,900, price of goods made of $34,300, and an finishing finiburned goods inventory of $18,700. The cost of items sold for this company is:A. $31,100.B. $22,100C. $34,300.D. $29,400.E. $49,800.
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Asteroid Industries gathered the following expense information for the year: Direct products $16,800Instraight materials 4,800Indirect labor 9,300Factory depreciation 13,600Direct labor 37,800 Using the above information, total factory overhead costs would be:A. $82,300.B. $27,700.C. $13,600.D. $18,400.E. $54,600.