1. Ethical challenges for management accountants include:
a. whether to accept gifts from suppliers, knowing it is an effort to indirectly influence decisions
b. whether to report unfavorable department information that may result in unfavorable consequences for a friend
c. whether to file a tax return this year
d. Both A and B are correct.
2. Cost objects include:
d. All of these answers are correct.
3. Actual costs are:
a. the costs incurred
b. estimated costs
c. budgeted costs
d. forecasted costs
a. cost accumulation
b. cost tracing
c. conversion costing
d. cost assignment
5. Cost assignment is:
a. always arbitrary
b. includes tracing and allocating
c. the same as cost accumulation
d. finding the difference between budgeted and actual costs
1. d. Both A and B are correct.
A and B relate to business decisions and so are an ethical ...
The solution explains some multiple choice questions in managerial accounting relating to ethical challenges, cost objects, cost assignment