Tuesday, April 14, 2015

85 Free Test Bank for Fundamentals of Cost Accounting 4th Edition by Lanen

Free test bank for Fundamentals of Cost Accounting 4th Edition by Lanen is the most efficient way to learn cost accounting with full practice and support students further in any textbook test banks introduced in learning process. Here are our online free questions providing completely solutions to all concepts in the textbook. It is easy to practice with 85 mutiple choice questions below to have successfully excellent studying of  cost accounting. Enjoying in  online test bank now!
Please visit the link below to get full questions and answers:
The financial plan of the revenues and resources needed to carry out activities and meet financial goals is called
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 Continual process of measuring a company's own products, services or activities against competitors' performance is
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The system that identifies the costs of producing low-quality items is called
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 Managers do not make decisions about future events based on:
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The cost accounting system that minimizes wasteful or unnecessary transaction processes is
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The set of activities that transforms raw resources into the goods and services of an organization is called:
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 During 2013, the JKL Restaurant had sales revenues and food costs of $800,000 and $600,000,respectively. During 2014, JKL plans to introduce a new menu item that is expected to increase sales revenues by $100,000 and food costs by $40,000. Assuming no changes are expected for the other food items, operating profits for 2013 are expected to increase by.
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The just-in-time (JIT) method of production focuses on
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(CMA adapted) Cost drivers are
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(CIA adapted) The primary reason for adopting total quality management (TQM) is to achieve
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The field of accounting that depends on generally accepted accounting principles (GAAP) is called
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(CMA adapted) The process of creating a formal plan and translating goals into a quantitative format is referred to as
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 Which of the following activities would not be considered a value-added activity?
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 Which of the following is a nonvalue-added activity?
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 Which of the following statements is false?
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 Which of the following is not one of the overarching ethical principles of the Institute of Management Accountants (IMA) Code of Ethics?
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Information technology that links the various processes of the company into a single comprehensive information system is called
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 Which field of accounting emphasizes relevancy over comparability?
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(CMA adapted) An accounting system that collects financial and operating data on the basis of the underlying nature and extent of cost drivers is
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 According to the Institute of Management Accountants (IMA), the first step in resolving an ethical dilemma is to
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The system that allows firms to target profitable customers by assessing customer revenue and costs is called
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The costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of activities is called
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 Having one or more of the firms' activities performed by another firm or individual in the supply or distribution chain is called
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