Cost And Management Accounting I final Examination for MTS 3^min year 2ste Semester. Exam Time-1:00 Hour Name ID See PART 1.Write the word"TR UE" If the statement is correct and write the word "EA so statement is not correct. I Variable Costis a cost that changes in direct proportion to changes in the cost drive 2 Contribution margin is the difference of sales revenue and al variable e costs 3 BEP is determin ed by th e intersectio of the tota revenue line and the tota expense line. 4 Margin o Safety MOS ) is planned sales minus BEP unit sales. s Breakever point is the level of out out wher e tota revenues equal tota costs PART II Matching A 6 master budget A) Flexible budget 7) point nent cost B) overall budget 8) above BEP C) profit D) Fixed Cost PART III CHOOSE : THE BES LANSWER FROM THE GIVE NALLTERN ATIVE MI A.TIPLE CHOICE 9 CVP Anah /sis: is one of the most power ful tools that ma nagers have at their command A True B/False C/Both D/ All 10) All costs are considered relevant except A sunk cost B fixed cost C/ variable cost D/all 10 particular decision situation,the manager's approach to cost analysis are Eliminate sunk cost B/ material cost C labor cost D All (1) Steps in the Decision Making Process are A Design organization B/specify the criterion A and B D All 12) is examining shifts in costs and volume and their resulting effects o profit. D/ALL A CVP B'CM CI BEP PART IV:SHORT ANSWER have at their comme 14 List and define accountin g for responsibility center. __ beautiful

Question

Cost And Management Accounting I final Examination for MTS 3^min year 2ste Semester. Exam Time-1:00 Hour Name ID See PART 1.Write the word"TR UE" If the statement is correct and write the word "EA so statement is not correct. I Variable Costis a cost that changes in direct proportion to changes in the cost drive 2 Contribution margin is the difference of sales revenue and al variable e costs 3 BEP is determin ed by th e intersectio of the tota revenue line and the tota expense line. 4 Margin o Safety MOS ) is planned sales minus BEP unit sales. s Breakever point is the level of out out wher e tota revenues equal tota costs PART II Matching A 6 master budget A) Flexible budget 7) point nent cost B) overall budget 8) above BEP C) profit D) Fixed Cost PART III CHOOSE : THE BES LANSWER FROM THE GIVE NALLTERN ATIVE MI A.TIPLE CHOICE 9 CVP Anah /sis: is one of the most power ful tools that ma nagers have at their command A True B/False C/Both D/ All 10) All costs are considered relevant except A sunk cost B fixed cost C/ variable cost D/all 10 particular decision situation,the manager's approach to cost analysis are Eliminate sunk cost B/ material cost C labor cost D All (1) Steps in the Decision Making Process are A Design organization B/specify the criterion A and B D All 12) is examining shifts in costs and volume and their resulting effects o profit. D/ALL A CVP B'CM CI BEP PART IV:SHORT ANSWER have at their comme 14 List and define accountin g for responsibility center. __ beautiful

Answer 1

PART I:1. True2. True3. True4. False5. TruePART II:6. B) Overall budget7. D) Fixed Cost8. C) Profit9. A) Flexible budgetPART III:10. A) Sunk cost11. D) All12. B) Specify the criterion13. D) AllPART IV:14. Responsibility accounting is a system of accounting that involves the assignment of costs and revenues to the individual segments of a company, such as departments or product lines. It allows for the tracking and analysis of the financial performance of each segment, enabling better decision-making and performance evaluation.

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