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Devry ACCT346 week 3 quiz




Question;Grade Details - All Questions;Question 1. Question;Which of the following is not;a goal of managerial accounting?;Student Answer: Provide;information needed for decision making.;Provide information needed for creditors.;Provide information needed for planning.;Provide information needed for control.;Points Received: 4 of 4;Comments;Question 2. Question;Which of the following is not;a product cost?;Student Answer: Direct materials;Depreciation on finished goods warehouse;Insurance on factory building;Indirect labor;Points Received: 0 of 4;Comments;Question 3. Question;Which of the following;companies would use a job-order costing system?;Student Answer: Construction;Metal producer;Chemical producer;Plastic producer;Points Received: 4 of 4;Comments;Question 4. Question;Which of the following is an;example of a fixed cost?;Student Answer: Materials;Commissions;Depreciation;Direct Labor;Points Received: 0 of 4;Comments;Question 5. Question;Which of the following costs;is expensed as incurred?;Student Answer: Direct materials;Sales salaries;Indirect labor;Factory depreciation;Points Received: 0 of 4;Comments;Question 6. Question;Which of the following is not;a manufacturing cost?;Student Answer: Direct materials;Manufacturing overhead;Accounting department costs;Direct labor;Points Received: 4 of 4;Comments;Question 7. Question;Which of the following costs;is not part of manufacturing overhead?;Student Answer: Electricity for;the factory;Depreciation of factory equipment;Salaries for the production supervisors;Health insurance for sales staff;Points Received: 4 of 4;Comments;Question 8. Question;Variable cost per unit;Student Answer: increases when;the number of units produced increases.;does not change when the number of units;produced increases.;decreases when the number of units produced;increases.;decreases when the number of units produced;decreases.;Points Received: 4 of 4;Comments;Question 9. Question;Which of the following costs;does not change when the level of business activity changes?;Student Answer: total fixed costs;total variable costs;total direct materials costs;fixed costs per unit;Points Received: 4 of 4;Comments;Question 10. Question;The principle that managers;follow when they only investigate departures from the plan that appear to be;significant is commonly known as;Student Answer: small amounts don?t matter.;management by exception.;only labor and materials deserve attention.;exceptional costs yield exceptional results.;Points Received: 0 of 4;Comments


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