mas by agamata reviewer
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Managemnt accounting servicesTRANSCRIPT
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Management Advisory Servicesby Franklin T. Agamata, MBA, CPA
Suggested Key Answers Multiple Choice Questionnaires2007 Edition
Chapter 1 Chapter 2 Chapter 3 Chapter 4Multiple Choice Multiple Choice Multiple Choice Multiple Choice 48. C
Basic Concepts 1. BCosts
classification Basic Concepts 49. D1. C 2. D 1. D 1. A 50. D2. D 3. D 2. D 2. A 51. D3. D 4. B 3. D 3. B 42. C4. A 5. D 4. C 4. A 43. D5. C 6. A 5. D 5. B 44. A6. A 7. A 6. A 6. D 45. D7. A 8. A 7. C 7. B 46. D8. A 9. D 8. D 8. D 47. A9. C 10. A 9. B 9. B 48. A10. C 11. D 10. D 10. A 49. D11. D 12. D 11. D 11. B 50. B12. D 13. C 12. B 12. C 51. C13. A 14. C 13. A 13. C 52. C14. B 15. C 14. B 14. B 53. D15. D 16. B 15. B 15. D 54. C
MAS Practice 17. C 16. A 16. B 55. DStandards 18. D 17. C Operating income 56. A
16. D 19. A 18. B 17. A 57. C17. D 20. C 19. A 18. B 58. D18. D 21. C 20. A 19. B 59. B19. A 22. C 21. A 20. A Scattergraph20. B 23. C 22. D 21. A 60. A21. A 24. C 23. C 22. C 61. A22. D 25. B 24. B 23. D 62. D23. A 26. A 25. C 24. B 63. A24. C True or False 26. D 25. A 64. A25. C 27. T 27. B 26. A 65. B26. A 28. F 28. D 27. C 66. C27. C 29. T 29. A 28. D Coefficient of28. A 30. F 29. A Correlation
31. T 30. A 67. A32. T 31. B 68. B33. T 32. B 69. D34. F 33. A 70. C35. F 34. B 71. C36. T Income with 72. B
variances 73. D
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35. B 74. D
High-low method 75. B36. A 76. C37. B 77. D38. B 78. C39. D 79. A40. D 80. A41. A 81. D42. A43. D44. C45. D46. A47. B
Chapter 5 Chapter 6Multiple Choice 55. D Multiple Choice 54. C 101. CBasic Concepts 56. C Basic Concepts 55. B 102. D
1. CMulti-product
sales 1. D 56. D 103. D2. A 57. D 2. D 57. A 104. D3. B 58. C 3. C 58. B 105 D4. C 59. D 4. D 59. A 106. A5. D 60. B (200,000) 5. A 60. A 107. B
6. C 61. D 6. CDirect labor
budget Other budgeting7. D 62. A 7. C 61. D techniques8. D 63. B 8. D 62. B 108. D9. B 64. B 9. C 63. C 109. B10. B 65. C 10. B 64. B 110. B
11. D 66. D11. No
question Factory overhead 111. B
12. CBreakeven and
CVP graphs 12. A budget 112. A13. C 67. B 13. C 65. C 113. A
Breakeven Point 68. C 14. B 66. B 114. A14. B 69. C 15. D 67. B 115. A
15. D 70. A 16. DOperating expenses 116. C
16. D 71. A 17. B budget 117. C17. B 72. C 18. B 68. C 118. A18. B 73. A 19. D Cash budget 119. D19. B 74. A 20. D 69. C 120. A20. B 75. A 21. D 70. A 121. C
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21. C 76. A 22. A 71. C True or False22. C 77. A 23. D 72. C 1. T23. B 78. C 24. D 73. C 2. T24. D 79. D 25. D 74. A 3. T25. C 80. C 26. A 75. D 4. T26. A 81. A 27. E 76. C 5. F27. C 82. D 28. B 77. C 6. T28. C 83. B 29. B 78. B 7. F29. B 84. C 30. B 79. D 8. T30. A 85. D 31. C 80. B 9. F31. C 86. B 32. A 81. C 10. F32. A 87. A 33. C 82. D33. B 34. B 83. D34. D 35. D 84. D35. A 36. B 85. C36. A 37. A 86. B37. B 38. C 87. C38. B 39. B 88. D
39. D 40. BIncome
statement40. A 41. D 89. D41. A 42. D 90. A42. B 43. D 91. A43. B 44. D 92. A
44. DProduction
budget 93. C45. A 45. B 94. D46. A 46. C 95. B47. A 47. C 96. C48. A 48. D 97. C
49. BMaterials budget Flexible budget
50. A 49. C 98. D51. D 50. D 99. B52. C 51. B 100. B53. B 52. D Comprehensive54. C 53. D problems
Chapter 7 Chapter 8 Chapter 9Multiple Choice 52. D Multiple Choice 53. D Multiple ChoiceBasic Concepts 53. D Basic Concepts 54. D Basic Concepts
1. C 54. B 1.. B 55. B 1. B2. B 55. D 2. C 56. B 2. C3. B 56. D 3. D 57. D 3. D
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4. B 57. A 4. B 58. C 4. B5. D 58. A 5. A 59. D 5. B6. D 59. D 6. B 60. B 6. D
7. AFactory
overhead 7. D 61. B 7. C8. C cost variances 8. C 62. C 8. D9. D 60. A 9. B 63. C 9. B10. B 61. D 10. A 64. B 10. D11. A 62. A 11. D 65. B 11. B12. D 63. C 12. C 66. D 12. C13. C 64. A 13. B 67. C 13. D14. D 65. B 14. A Transfer pricing 14. D15. D 66. D 15. C 68. C 15. A16. D 67. A 16. D 69. D 16. C17. D 68. B 17. A 70. A 17. B18. B 69. B 18. A 71. B 18. B19. A 70. B 19. B 72. B 19. D20. D 71. A 20. A 73. A 20. A21. C 72. E 21. A 74. A 21. D22. B 73. E 22. A 75. D 22. B 23. A 74. A 23. D 76. C 23. B
Material cost 75. B 24. D 77. C 24. AVariances 76. A 25. C 78. B 25. B
24. A 77. B 26. C 79. D 26. D25. C 78. D 27. D 80. B 27. B26. C 79. A 28. A 81. B 28. B27. D 80. B 29. D 82. D 29. C28. C 81. A 30. D 83. A 30. A29. B 82. B Controllability 84. D 31. C30. A 83. D 31. C 85. D 32. A31. D 84. D 32. A 33. C32. C 85. D 33. B 34. D33. B 86. D 34. B 35. D34. C 87. C 35. D Accept or reject a35. B 88. A 36. A special sales order36. A 89. C 37. A 36. C37. D 90. D 38. A 37. A
38. D 91. AInvestment
center 38. D
39. D 92. Aperformance
models 39. ADirect labor cost 93. C 39. C 40. A
Variances Miscellaneous 40. B 41. B40. A Topics 41. D 42. C41. D 94. B 42. B 43. B42. B 95. C 43. C 44. A43. D 96. A 44. C 45. B
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44. B 97. B 45. D 46. C45. B 46. B 47. D46. A 47. A 48. B47. D 48. D 49. C48. D 49. D 50. A49. A 50. C 51. B50. D 51. B 52. C51. A 52. A 53. A
Drop or continue adivision, department,process, project or
activity54. B
Ch. 9 (Cont.) Chapter 10 Chapter 1155. C 99. D Multiple Choice 1. A 59. B 56. A 100. B Basic Concepts 2. B 60. D57. D 101.D 1. A 3. A 61. C58. B 2. D 4. A 62. A59. D 3. B 5. C 63. D60. A 4. D 6. D 64. B61. B 5. E 7. C62. B 6. D 8. C
Maximization of 7. C 9. Cscarce
resources 8. B10 .C
63. A 9. A 11 .D64. C 10. C 12 .B65. D 11. B 13 .C66. B 12. C 14. A67. A 13. A 15. B68. B 14. C 16. A69. A 15. C 17. D
70. A 16. A 18.C internal failure cost
Retain or Replace 17. D
19. B
an old asset 18. B 20. D71. C 19. A 21. A72. D 20. D 22. A73. A 21. C 23. D74. B 22. B 24. B
Sell-as-is or process further a
product 23. C
25. C
24. B 26. A75. B 25. E 27. B76. A 26. D 28. A
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77. B 27. D 29. B P122,600
78. C 28. B 30. A79. B 29. D 31. D
Bid price 30. B 32. A80. D Sales variation 33. A81. D analysis 34. B82. B 31. A 35. D83. D 32. C 36. D
Shut down or not 33. D
37. B
84. B 34. A 38. DScrap or rework 35. D
39.C
defective units 36. A 40. A85. D 37. C 41. C86. A 42. C
87. A 43. DIndifference
point44. D
88. C 45. A
89. C 46. B
90. C 47. A
91. D 48. B
Miscellaneous 49. C
Topics 50. C
92. D 51. B
93.A 52. A
94. C 53. C
95. B 54. A
96. A 55. D
97. D 56. A
98. C 57. D58 D.
Chapter 12 Chapter 13 Chapter 141. A Multiple Choice 50. D 106. D Multiple Choice2. B Basic Concepts 51. C Miscellaneous Basic Concepts3. B 1. D 52. C problems 1. D4. A 2. C 53. D 107. A 2. C5. C Horizontal &
trend analysis 54. B 108. B 3. B6. B 3. C 55. C 109. C 4. D7. B 4. A 56. B 110. B 5. C8. D 5. D 57. C 111. C 6.. C
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9. C 6. C 58. B 112. D 7. B10 D 7. B 59. C 113. A 8. B11.B 8. A 60. C 114. A 9. D12. B 9. A 61. D 115. C 10. B13. A Vertical
Analysis 62. C 116. A 11. C14. B 10. C 63. C 117. B Net Cost of15. D 11. D 64. A 118. D Investment16. C 12. A Liquidity ratios 119. C 12. B17. D 13. C 65. A 120. A 13. B18.A Leverage ratios 66. B Comprehensive 14. C19. A (Financing
ratios) 67. B questions 15. B20. A (P95.90) 14. C 68. B 121. D 16. C
21. A 15. B 69. B 122. C Net returns22. C 16. B 70. B 123. C 17. D23. B 17. C 71. B 124. D 18. B24. B 18. B 72. C 125. A 19. B25. C 19. D 73. B 126. A 20. B26. A 20. A 74. A 127. C 21. B27. B 21. B 75. D 128. B Cost of capital28. D 22. D 76. C 129. C 22. A29.C 23. C 77. C 130. C 23. D30. B 24. B 78. D 131. A 24. D31. C 25. C 79. C 132. B 25. D32. A Profitability
ratios 80. A 133. C 26. B33. D 26. D 81. A 134. C 27. D34. C 27. A 82. B 135. C 28. D35. C 28. A 83. A 136. (1:1) 29. B36. D 29. C 84. B 137. B 30. A37. A 30. D 85. A 138. A 31. C38. D 31. A 86. B 139. B 32. D39.D 32. D 87. A 140. D 33. B40. E 33. B 88. C 141. B 34. A41. E 34. Bonus 89. B 142. D 35. B42. E 35. C 90. A 143. B 36. B43. C 36. A 91. D 144. B 37. D44. D 37. B 92. A 145. (1:1) 38. A
45. M, K, L, J 38. A 93. A 146. C 39. B46. C 39. C 94. D 147. C 40. B
40. D 95. B 148.
(12.5x) 41. A41. C 96. C 149. D 42. B42. B 97. C 43. C43. A 98. A 44. A44. B 99. C Traditional
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45. B 100. A evaluation models46. C 101. A 45. A
Growth ratios 102. D 46. B47. C 103. C 47. D48. D 104. A 48. A49. D 105. D 49. A
50. B51. B52. D53. D54. D55. B56. C
Ch 14 (Cont.) Chapter 15 Chapter 1657. B 110. A 159. D Multiple Choice Multiple Choice58. A 111. A 160. D 1. B Effective discount rate59. D NPV index 161. C 2. D 1. A60. C 112. A 162. A 3. C 2. B61. A Internal rate of 163. B 4. C 3. B
Discounted cash Return 164. A 5.. B 4. B
flows model 113. B 165. B 6. D 5. BGeneral 114. D 166. A Effective interest 6. B
62. D 115. C 167. D Rate 7. C63. D 116. A 168. C 7. C Credit and64. B 117. C Comprehensive 8. A collection policy65. A 118. B Problems 9. D 8. A66. C 119. A 169. B 10. B 9. C67. A 120. D 170. C 11.No question 10. B68. D 121. A 171. D 12. C 11. B69. D 122. C 172. C 13. C 12. C70. D 123. A 173. D 14. A 13. D71. C 124. B 174. D General working 14. A72. D 125. B 175. A capital concepts 15. C73. A 126. B 176. D 15. B 16. B74. C 127. C 177. C 16. B 17. D75. B 128. D 178. B 17. D 18. D76. B 129. A 179. D 18. B 19. C77. A 130. C 180. B 19. C 20. B78. D 131. B 181. A 20. C 21. A79. C 132. D 182. C 21. A 22. D80. C 133. B 183. C 22. B 23. C
81. C 134. C184. C (2,3,
and 4) 23. C 24. D
82. AProfitability
index 185. D 25. D83. D 135. B 186. D 26. A
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84. B 136. D 187. C 27. C85. A 137. C 188. C Accounts receivable
Net present value 138. B 189. A portfolio analysis
86. A 139. B 28. A87. A 140. D 29. B88. A 141. D 30. D89. B 142. C 31. B90. C Other discounted 32. C
91. Ccash flows
models 33. A92. D 143. B93. D 144. D94. B 145. B95. B 146. D96. B 147. B97. C Lease or buy98. A 148. A99. B 149. A
100. D Others101. B 150. C102. B 151. D103. C 152. A104. A 153. B105. D 154. A106. B 155. A107. D 156. A108. B 157. D109. D 158. C
Chapter 17Multiple Choice 55. B
1. B 56. A2. D 57. C3. C 58. A4. A 59. C
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5. D 60. C6. A Safety stock7. B 61. A8. B 62. B9. D 63. D10. C 64. C11. C 65. D
EQQ Model 66. D12. B 67. D13. B 68. B14. A 69. C15. D 70. D16. C 71. A17. D 72. D18. B 73. D19. A 74. B20. B 75. B21. C 76. C22. A 77. D23. D 78. D24. C 79. C25. D 80. B26. D 81. B27. B JIT, MRP,ERP28. B FMS, etc.29. C 82. A30. C 83. B31. B 84. A32. D 85. D33. C 86. A34. C 87. A35. B 88. C36. D 89. B37. B 90. D38. C 91. D39. B 92. A40. A Miscellaneous41. A 93. D42. A 94. C
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43. D 95. B44. C 96. B45. C46. D47. B48. D49. B50. A51. A
Reorder point52. C53. A54. A