Cost Account Thevariance."department may be responsible to incur a "sales volumeA) MarketingB) ProductionC) PurchasingD) Personnel

The correct answer is:A) Marketing Explanation:The sales volume variance measures the difference…

Answered: The variance." department may be…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 7MC: Management accounting: emphasizes special-purpose information relates to the company as a whole is...

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Management accounting: emphasizes special-purpose information relates to the company as a whole is limited to strictly cost figures is controlled by GAAP
Which of the following is not a type of Management Report in QBO? Select one: a. Company Overview b. Expenses Performance c. Sales Performance d. Financial Review
Which of the following is not a management accounting report? A.Income statement B.Sales forecast C.Cost report D.Budget
A responsibility center in which the department manager has responsibility for and authority over costs and revenues is called a(n) _____ center. a.investment b.cost c.profit d.volume
Managers in which of the following responsibility centers are held responsible forprofits? (You may select more than one answer.)a. Revenue centersb. Cost centersc. Profit centersd. Investment centers
Which transaction cycle includes interactions between an organization and its suppliers? Select one: O a. HR/Payroll cycle O b. Revenue cycle O c. Expenditure Cycle O d. General Ledger & Reporting system
INFORMATION SYSTEM CATEGORIZATIONClassify the following as tasks performed by either:TPS—transaction processing SystemFRS—financial reporting SystemMRS—management reporting Systema. Preparation of balance sheetb. Capture customer sales orderc. Preparation of variance reportsd. Preparation of budgetse. Purchase order preparationf. Summary of inventory purchases by vendorg. Preparation of comparative sales report by divisionh. Preparation of cash disbursements to vendorsi. Annual report preparationj. Customer billing processk. Cost-volume-profit analysis
A responsibility accounting system utilizes and assigns costs on the basis of their a. controllability b. variability c. timing of recognition d. traceability
Which of the following steps in the expenditure cycle would not appear as event entities in an REA diagram? Select one: a. Ordering b. Approve Supplier Invoices c. Cash Disbursements d. Receiving
choose right option. this is account questions
choose correct option
Which function is not contained in the management accounting department? a. Cost accountingb. Financial accountingc. Budgetingd. system studye, answer not given

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The variance." department may be responsible to incur a "sales volume A) Marketing B) Production C) Purchasing D) Personnel