MBA 513 Managerial Accounting Unit 4
MBA513 Rev11AN Chapter Reviews – Unit 1 (7.5%)
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Question #1 (17951) 17951
Which of the following descriptors refer to management accounting information? Answers:
It is only retrospective, reporting and summarizing in financial terms the results of past decisions and transactions.
It is driven by rules.
It is prepared for shareholders.
It is oriented to meeting the decision making needs of employees and managers inside the organization.
D Question #2 (17957) 17957
The Balanced Scorecard’s objectives are in balance when: Answers:
debits equal credits.
financial performance measurements are less than the majority of the performance measurements.
the measurements are fair.
the measurements reflect an improvement over the previous year.
D Question #3 (17972) 17972 Sanchez & Ryan, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of
The contribution margin per unit is: Answers:
D Question #4 (17974) 17974 Sanchez & Ryan, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of
The number of units that must be sold annually to achieve $52,500 of profits is: Answers:
D Question #5 (17958) 17958
The purpose of the Balanced Scorecard is