"To be answered by Pjain only" Please see the attached document; I have attached the first 10 questions.
“To be answered by Pjain only”
Please see the attached document; I have attached the first 10 questions.
Costs can be either direct or indirect, depending upon the cost object. (Points :
An inventoriable cost could be the cost of the marketing and distribution of a product. (Points : 2)
A company uses the indirect method to prepare the statement of cash flows. How will
amortization be presented on the statement?
Amortization expense will be added to net income in the financing activities section.
Amortization expense will be subtracted from net income in the operating section.
Amortization expense will be added to net income in the operating activities section.
Amortization expense will be added to net income in the investing activities section.
Manufacturing overhead is allocated on the basis of: (Points : 2)
direct labor hours.
direct labor costs.
any of the above.
A company’s distribution system is an important part of the value chain. (Points : 2)
Which of the following persons or groups would be LEAST likely to receive detailed managerial accounting reports?
(Points : 2)
Sales territory managers
Fixed Company produces a single product selling for $30 per unit. Variable costs are $12 per unit and total fixed
costs are $4,000. What is the contribution margin ratio?
A payment of interest on a loan would be considered a
cash outflow from investing activities.
b. cash outflow from operating activities.
cash outflow from financing activities.
cash outflow from depreciation.
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The performance evaluation of cost centers is typically based on which of the following?
a. sales volume variance
c. flexible budget variance
d. static budget variance
John’s Jym has a monthly target operating income of $24,000. Variable expenses are 60% of sales and monthly
fixed expenses are $18,000. What is John™s operating leverage factor at the target level of operating income?