Management Accounting Answers Test Synergy

Management accounting answers to Synergy tests. Score 83 points

With this method of calculating the cost of production as Direct-costing, the cost of production includes:
all direct costs of production;
all variable costs of production;
all variable costs of production, excluding selling and administrative expenses.

Transactions covering the financial activities of the enterprise are reflected:
in the operating budget;
in the financial budget.

Which of the following methods of calculating the cost of production will have the lowest profit on the sale of products:
when calculating the full cost of production;
when calculating the production cost of products;
when calculating the cost of production using the Direct-Costing method.

Direct costs of manufacturing products include:
equipment maintenance and operation costs;
cost of basic materials;
equipment adjuster wages;
wages of key production workers.

The accounting sources of information used in management accounting include:
intradepartmental audit materials;
accounting data;
printing materials;
materials obtained in the course of personal contacts with performers;
operational and statistical data;
explanatory and memorandums.

Calculation objects are:
internal pricing;
production costs;
income from ordinary activities.

Costs are classified according to the way they are included in the cost of production:
main and overhead
direct and indirect
variables and constants

General production costs are:
general running costs
equipment maintenance and operation costs
general shop management costs

The main costs associated with the production of products include the following types of costs:
depreciation of an administrative building;
the cost of semi-finished products used to manufacture products;
communal payments;
the salary of the management personnel of the organization;
wages of key production workers.

Is it possible to use the Direct-Costing method for drawing up external reporting of an enterprise:
Yes;
no.

Management accounting uses the following methods:
accounts and double entry;
index method;
least squares methods.
all answer options

When budgeting, the center of responsibility means:
any production site of the enterprise;
the head of a division or department;
segment of the enterprise, for the results of which its manager is responsible.

The cost accounting object for the per-turn costing method is:
order;
contract;
type of products manufactured;
a set of technological operations (stage of the production process);
costs of the production process as a whole.

Examples of single-element costs are the following costs:
general running costs;
business expenses;
the cost of basic materials for the production of products;
equipment repair costs.

Costs are grouped by centers of origin in management accounting:
by types of products (works, services) intended for sale;
by production units;
by economic elements.

Specific fixed costs:
change depending on the business activity of the organization;
remain practically unchanged over a period of time;
do not depend on the business activity of the organization and always have a constant value.

A calculation based on the actual production costs incurred is called:
Actual;
estimated;
planned.

Management functions are:
forecasting;
analysis;
audit;
planning.

Costs are involved in calculating the margin profit:
permanent:
variables:
option or depending on the type of management decisions.