CONTOH SOAL

1.Managerial accounting applies to each of the following types of businesses except

a. service firms.
b. merchandising firms.
c. manufacturing firms.
d. Managerial accounting applies to all types of firms.

2. Managerial accounting information is generally prepared for

a. stockholders.
b. creditors.
c. managers.
d. regulatory agencies.

3. Managerial accounting information

a. pertains to the entity as a whole and is highly aggregated.
b. pertains to subunits of the entity and may be very detailed.
c. is prepared only once a year.
d. is constrained by the requirements of generally accepted accounting principles.
4.The major reporting standard for presenting managerial accounting information is
a. relevance.
b. generally accepted accounting principles.
c. the cost principle.
d. the current tax law.

5.Managerial accounting is also called

a. management accounting.
b. controlling.
c. analytical accounting.
d. inside reporting.
6.Which of the following is not an internal user?
a. Creditor
b. Department manager
c. Controller
d. Treasurer

7.Managerial accounting does not encompass

a. calculating product cost.
b. calculating earnings per share.
c. determining cost behavior.
d. profit planning.

8.Managerial accounting is applicable to

a. service entities.
b. manufacturing entities.
c. not-for-profit entities.
d. all of these.

9.Management accountants would not

a. assist in budget planning.
b. prepare reports primarily for external users.
c. determine cost behavior.
d. be concerned with the impact of cost and volume on profits.
10.Internal reports must be communicated
a. daily.
b. monthly.
c. annually.
d. as needed.
11. Which of the following is one of the components of cost accounting?
a. It involves measuring product costs.
b. It involves the determination of company profits.
c. It requires GAAP to be applied.
d. It requires cost minimizing principles.

12. A major purpose of cost accounting is to

a. classify all costs as operating or nonoperating.
b. measure, record, and report period costs.
c. provide information to stockholders for investment decisions.
d. measure, record, and report product costs.

13. The two basic types of cost accounting systems are

a. job order and job accumulation systems.
b. job order and process cost systems.
c. process cost and batch systems.
d. job order and batch systems.

14. A process cost system would most likely be used by a company that makes
a. motion pictures.
b. repairs to automobiles.
c. breakfast cereal.
d. college graduation announcements.

15. Which of the following would be accounted for using a job order cost system?
a. The production of personal computers.
b. The production of automobiles.
c. The refining of petroleum.
d. The construction of a new campus building.

16. Process costing is used when

a. the production process is continuous.
b. production is aimed at filling a specific customer order.
c. dissimilar products are involved.
d. costs are to be assigned to specific jobs.

17. Process costing is not used when

a. similar goods are being produced.
b. large volumes are produced.
c. jobs have distinguishing characteristics.
d. a series of connected manufacturing processes is necessary.

18. An important feature of a job order cost system is that each job
a. must be similar to previous jobs completed.
b. has its own distinguishing characteristics.
c. must be completed before a new job is accepted.
d. consists of one unit of output.
19. The purpose of the sales budget report is to
a. control selling expenses.
b. determine whether income objectives are being met.
c. determine whether sales goals are being met.
d. control sales commissions.

20. The flow of costs in a job order cost system

a. involves accumulating manufacturing costs incurred and assigning the accumulated
costs to work done.
b. cannot be measured until all jobs are complete.
c. measures product costs for a set time period.
d. generally follows a LIFO cost flow assumption.

21. A process cost accounting system is most appropriate when

a. a variety of different products are produced, each one requiring different types of
materials, labor, and overhead.
b. the focus of attention is on a particular job or order.
c. similar products are mass-produced.
d. individual products are custom made to the specification of customers.

22. A characteristic of products that are mass-produced in a continuous fashion is that

a. the products are identical or very similar in nature.
b. they are grouped in batches.
c. they are produced at the time an order is received.
d. their costs are accumulated on job cost sheets.

23. A process cost system would be used for all of the following products except
a. chemicals.
b. computer chips.
c. motion pictures.
d. soft drinks.

24. In a process cost system,

a. a Work in Process account is maintained for each product.
b. a materials requisition must identify the job on which the materials will be used.
c. a Work in Process account is maintained for each process.
d. one Work in Process account is maintained for all the processes, similar to a job order
cost system.

25. Differences between a job order cost system and a process cost system include all of
the following except the
a. documents used to track costs.
b. point at which costs are totaled.
c. unit cost computations.
d. flow of costs.

26. Which of these best reflects a distinguishing factor between a job order cost system
and a process cost system?
a. The detail at which costs are calculated.
b. The time period each covers.
c. The number of work in process accounts.
d. The manufacturing cost elements included.

27. Which of the following is a true statement about process cost systems?
a. In process cost systems, costs are accumulated but not assigned.
b. A process cost system has one work in process account for each process.
c. In process cost systems, costs are summarized on job cost sheets.
d. Unit costs are not computed in process cost systems.

28. Which of the following is correct regarding cost systems?

Job Order Process
a. Work in process account several one for each process
b. Work in process account one one
c. Work in process account one one for each process
d. Work in process account several one

29. In a process cost system, unit costs are determined using a

a. numerator of costs of each job.
b. denominator of units produced during the period.
c. denominator of units produced for the job.
d. denominator of units produced for the day.

30. In process cost accounting, manufacturing costs are summarized on a

a. job order cost sheet.
b. process order cost sheet.
c. production cost report.
d. manufacturing cost sheet.

31. A major accounting contribution to the managerial decision-making process in

evaluating possible courses of action is to
a. assign responsibility for the decision.
b. provide relevant revenue and cost data about each course of action.
c. determine the amount of money that should be spent on a project.
d. decide which actions that management should consider.

32. Which of the following stages of the management decision-making process is

improperly sequenced?
a. Evaluate possible courses of action Make decision.
b. Assign responsibility for the decision Identify the problem.
c. Identify the problem Determine possible courses of action.
d. Assign responsibility for decision Determine possible courses of action.

33. Internal reports that review the actual impact of decisions are prepared by
a. department heads.
b. the controller.
c. management accountants.
d. factory workers.

34. Which of the following steps in the management decision-making process does not
generally involve the managerial accountant?
a. Determine possible courses of action
b. Make the appropriate decision based on relevant data
c. Prepare internal reports that review the impact of decisions
d. None of these answers are correct.

35. Which is the first step in the management decision-making process?

a. Determine and evaluate possible courses of action.
b. Review results of the decision.
c. Identify the problem and assign responsibility.
d. Make a decision.

36. Factors that can affect pricing decisions include all of the following except
a. cost considerations.
b. environment.
c. pricing objectives.
d. All of these are factors.

37. In most cases, prices are set by the

a. customers.
b. competitive market.
c. largest competitor.
d. selling company.

38. A company must price its product to cover its costs and earn a reasonable profit in
a. all cases.
b. its early years.
c. the long run.
d. the short run.

39. Prices are set by the competitive market when

a. the product is specially made for a customer.
b. there are no other producers capable of manufacturing a similar item.
c. a company can effectively differentiate its product from others.
d. a product is not easily distinguished from competing products.

40. All of the following are factors that can affect pricing decisions except
a. cost considerations.
b. demand.
c. environment.
d. All of these are factors.

41. Why are budgets useful in the planning process?

a. They provide management with information about the company's past performance.
b. They help communicate goals and provide a basis for evaluation.
c. They guarantee the company will be profitable if it meets its objectives.
d. They enable the budget committee to earn their paycheck.

42. A budget
a. is a substitute for management.
b. is an aid to management.
c. can operate or enforce itself.
d. is the responsibility of the accounting department.

43. Accounting generally has the responsibility for

a. setting company goals.
b. expressing the budget in financial terms.
c. enforcing the budget.
d. administration of the budget.

44. Which one of the following is not a benefit of budgeting?

a. It facilitates the coordination of activities.
b. It provides definite objectives for evaluating performance.
c. It provides assurance that the company will achieve its objectives.
d. It requires all levels of management to plan ahead on a recurring basis.
45. Budgeting is usually most closely associated with which management function?
a. Planning
b. Directing
c. Motivating
d. Controlling

46. What is budgetary control?

a. Another name for a flexible budget
b. The degree to which the CFO controls the budget
c. The use of budgets in controlling operations
d. The process of providing information on budget differences to lower level
managers

47. A major element in budgetary control is

a. the preparation of long-term plans.
b. the comparison of actual results with planned objectives.
c. the valuation of inventories.
d. approval of the budget by the stockholders.

48. Budget reports should be prepared

a. daily.
b. monthly.
c. weekly.
d. as frequently as needed.

49. On the basis of the budget reports,

a. management analyzes differences between actual and planned results.
b. management may take corrective action.
c. management may modify the future plans.
d. All of these answers are correct.

50. The purpose of the departmental overhead cost report is to

a. control indirect labor costs.
b. control selling expense.
c. determine the efficient use of materials.
d. control overhead costs.