Free Exam: Introduction to Management Accounting - Week 1
Number of Questions in Test: 14
Number of Questions in Preview: 5
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Register nowQuestion 1
Which phrase best describes the role of the management accountant?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 2
Manufacturing costs typically consist of
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 3
As production increases within the relevant range,
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 4
The South Bank Sweets Company had the following information available regarding last year's operations:
[table][tr][td]Sales (100,000 units)[/td][td]$200,000[/td][/tr][tr][td]Variable costs[/td][td]$100,000[/td][/tr][tr][td]Contribution margin [/td][td]$100,000[/td][/tr][tr][td]Fixed costs [/td][td]$ 50,000[/td][/tr][tr][td]Net Income [/td][td]$ 50,000[/td][/tr][/table]
If sales were to increase by 200 units, what would be the effect on net income?
[table][tr][td]Sales (100,000 units)[/td][td]$200,000[/td][/tr][tr][td]Variable costs[/td][td]$100,000[/td][/tr][tr][td]Contribution margin [/td][td]$100,000[/td][/tr][tr][td]Fixed costs [/td][td]$ 50,000[/td][/tr][tr][td]Net Income [/td][td]$ 50,000[/td][/tr][/table]
If sales were to increase by 200 units, what would be the effect on net income?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | No |
Question 5
Direct materials are not usually easily traced to a product.
| Type: | True/False |
| Points: | 1 |