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ACC 310 Week 4 Quiz: Managerial Accounting and Performance Evaluation

Quiz covering managerial accounting and performance evaluation.

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ACC 310 Week 4 Quiz: Managerial Accounting and PerformanceEvaluationACC 310 Week 4 Quiz (Variant 2)1.Relative performance evaluations (RPE) arenotdesigned to(Points : 1)A.compare managers to other comparable managers.B.comparedivisions with other comparable divisions.C.remove the effect of environmental factors that are beyond a manager’s control.D.restate departmental goals so meaningful comparisons can be made.2.Which of the following statements is (are)falseregarding the effective use of managementcontrol systems.A.In general, cost allocations should not be used in management control systems becauseclear control over the cost being allocated cannot be determined.B.The primary reason to use a dual rate allocation system is to focus a manager’sperformance evaluation on factors under the manager’s direct control.A. Only A is false.B. Only B is false.C.Both A and B are false.D.Neither A nor B isfalse.3.The method of accounting for joint product costs that will produce the same gross marginfor all products is theA. replacement method.B. physical quantities method.C. net realizable value method.D. units produced method.4.Which of the following activities is most likely to be classifiedasvalue-addedfor amanufacturing company?A) inspectingB) assemblingC)storingD) ordering5.The controllability concept states that managers should be held responsible forA. all items over which they have decision-making authorityB. costs and revenues, but not investments in assets used in their division.C. only items that are allocated to their divisions on a per-unit basis.D. fixed compensation items, but not contingent compensation items.6.Which of the following budgets isnotrequired in a wholesale organization?A.cashB.salesC.productionD.cost of goods soldmarketing and administrative expenses

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University
University of Phoenix
Subject
Accounting

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