Module 1 Quiz

docx

School

Colorado State University, Global Campus *

*We aren’t endorsed by this school

Course

460

Subject

Statistics

Date

Feb 20, 2024

Type

docx

Pages

Uploaded by UltraSparrowPerson823

Results Jenny Betz — 1st Attempt Assessment Statistics 57.69% 7.5 out of 13 points 7.5 Out of 13 points Time for this attempt: 18 minutes 10 seconds 18 minutes 10 seconds 18:10 Time for this attempt This assessment has unlimited attempts. Take Now Attempt History Attempt History Results Points Score (Highest Attempt 1 7.5 of 13 57.69% (Highest s Your Answers: Results for question 1. 1 0 / 1 point Cost accounting is a subset of the broader discipline of management accounting. Incorrect answer: Managerial Correct Answer:Management accounting is the process of measuring, analyzing, and reporting of both financial and nonfinancial information that enables managers to implement the strategy of an organization and evaluate the company’s performance against that strategy. Results for question 2. 2 1 / 1 point Managerial accounting requires many skills. Two skills worth highlighting are decision making and technology. Under decision making, professional Correct answer: ethics is a key focus. Results for question 3. 3 1 / 1 point

The Correct answer: Institute of Management Accountants (four words) sponsors the Certified Management Accountant program, which is based on the five core skills identified by the IMA. The IMA has also issued ethical guidance. There are also many managerial accountants that hold Correct answer: Certified Public Accountant (three words) designations. These designations are subject to ethical standards under the American Institute of Certified Public Accountants Code of Professional Conduct. Results for question 4. 4 1 / 1 point The Correct answer: value chain (two words) includes research and development, design, production, marketing, distribution, and customer service. The premise behind it is the consideration that customers or clients will pay only for what is important to them. Results for question 5. 5 1 / 1 point A Correct answer: cost is the monetary value of expenditures incurred when a resource is used for some purpose. Results for question 6. 6 1 / 1 point Cost Correct answer: accumulation occurs when costs are measured, summarized, and attributed to cost objects. Results for question 7. 7 1 / 1 point

Costs are assigned to objects using two alternative methods. One of these methods is Correct answer: tracing , which is employed when accumulated costs have a direct relationship with a cost object and can be attributed to the cost readily and in an “economically feasible” way, usually through source documents. Results for question 8. 8 0 / 1 point Cost Incorrect answer: allocating Correct Answer:allocation is employed when accumulated costs have an indirect relationship with a cost object readily through source documentation. Results for question 9. 9 0.5 / 1 point Correct answer: Variable costs change in response to increases in units of activity or volume.; Incorrect answer: fixed Correct Answer:Fixed costs remain the same despite increases in units of activity or volume. Per unit variable costs are constant, whereas total fixed costs are also constant. Results for question 10. 10 1 / 1 point The range of the activity level or cost driver level in which the actual total value of the cost driver is expected to fall, and for which the costs follow their expected behavior (variable or fixed) is called the Correct answer: relevant range (two words). Results for question 11. 11 0 / 1 point

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

The cost of goods Incorrect answer: used Correct Answer:manufactured must be prepared before the income statement can be prepared for a manufacturing company. It is determined through the calculation of the cost of direct materials used and total manufacturing costs incurred, from which is subtracted the cost of products not completed as of the end of the period (known as work-in-process.) Results for question 12. 12 0 / 1 point Incorrect answer: Business analytics Correct Answer:Business analysis (two words) entails a careful analysis and evaluation of an organization’s strategic and competitive edge to determine its overall positioning vis-à-vis the other organizations in the same industry. Results for question 13. 13 0 / 1 point The Incorrect answer: balanced scorecard Correct Answer:Balanced Scorecard (two words) enables managers to analyze and see the big picture health of the organization, which is not possible with only financial measures.

Related Documents

chapter 14 assignment B.docx

S21 1201 HW3 Solutions.pdf

DAT 375 – Module 6 assignment.docx

F20 1201 HW8 Solutions.pdf

Sophia Intro to Statistics Milestone 4.pdf

jad12286-sup-0001-revisions_1_joa_summplementary_material_clean_final.docx

ASSIGNMENT 5.pdf

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897...

Algebra

ISBN:9780079039897

Author:Carter

Publisher:McGraw Hill

Holt Mcdougal Larson Pre-algebra: Student Edition...

Algebra

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Algebra: Structure And Method, Book 1

Algebra

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:McDougal Littell

College Algebra

Algebra

ISBN:9781938168383

Author:Jay Abramson

Publisher:OpenStax

College Algebra (MindTap Course List)

Algebra

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:Cengage Learning

Intermediate Algebra

Algebra

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:McDougal Littell
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Intermediate Algebra
Algebra
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning