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Past Exam for ACCT 2301 - Managerial Accounting with Bigbee at Texas Tech (TTU)

Exam Information

Material Type:Exam 1
Professor:Bigbee
Class:ACCT 2301 - Managerial Accounting
Subject:ACCOUNTING
University:Texas Tech University
Term:Spring 2009
Keywords:
  • Activity Measure
  • Committed Fixed Costs
  • Selling Costs
  • Discretionary Fixed Costs
  • Following Costs
  • Relevant Range
  • Total Contribution Margin
  • Overhead Cost
  • Variable Expense
  • Direct Material
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Sample Document Text

1 ACCT 2301 Name Spring Semester 2009 First Interim Exam Student ID No.: January 29, 2009 FORM A PART 1 Multiple Choice (28 questions at 3 points each). Select the BEST answer for each question and indicate your selection in the appropriate space on the SCANTRON. 1. The main focus of managerial accounting is: A. planning, controlling and decision making. B. the preparation of financial statements for creditors. C. the determination of net income. D. documenting cash flows. 2. Which of the following statements is TRUE about the distinction between financial accounting and managerial accounting? A. External and internal users of accounting information have exactly the same information needs. B. Unlike managerial accounting, financial accounting is governed by generally accepted accounting principles. C. Managerial accounting provides the best information to external users. D. Managerial accounting emphasizes the organization as a whole more than financial...

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