W8 Assignment Final Exam

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W8 "Final Exam" BA225 Managerial Accounting

Question 1

1. What is the difference between financial accounting and managerial accounting?

Question 2

1. Explain the two reasons why the shorter the payback period the more attractive the investment is when the payback technique is used?

Question 3

1. Distinguish between a master budget and a sales forecast.

Question 4

1. Explain the nature and importance of a job cost sheet.

Question 5

1. Distinguish among operating, investing, and financing activities.

Question 6

1. Managers’ activities and responsibilities can be classified into three broad functions. List and discuss each function.

Question 7

1. Identify and discuss the relevant costs in accepting an order at a special price.

Question 8

1. Smith & Company claims that the relevant range concept is only important for variable costs. Explain the relevant range concept and discuss whether you agree with Smith & Company.

Question 9

1. What is a CVP analysis and how is it used in managerial accounting?

Question 10

1. What is the difference between: unit-level, batch-level, product-level, and facility-level activities?

W8 "Final Exam"

BA225 Managerial Accounting

QUESTION 1

1.

What is the difference between financial accounting and managerial accounting?

QUESTION 2

1.

Explain the two reasons why the shorter the payback period the more attractive

the investment is when the payback technique is used?

QUESTION 3

1.

Distinguish between a master budget and a sales forecast.

QUESTION 4

1.

Explain the nature and importance of a job cost sheet.

QUESTION 5

1.

Distinguish among operating, investing, and financing activities.

QUEST

ION 6

1.

Managers’ activities and responsibilities can be classified into three broad

functions. List

and discuss each function.

QUESTION 7

1.

Identify and discuss the releva

nt costs in accepting an order at a special price.

QUESTION 8

1.

Smith &

Company claims that the relevant range concept is only important for

variable costs. Explain the relevant range concept and discuss whether you

agree with Smith & Company.

QUESTION 9

1.

What is a CVP analysis and how is it used in managerial accounting?

W8 "Final Exam" BA225 Managerial Accounting

QUESTION 1

1. What is the difference between financial accounting and managerial accounting?

QUESTION 2

1. Explain the two reasons why the shorter the payback period the more attractive

the investment is when the payback technique is used?

QUESTION 3

1. Distinguish between a master budget and a sales forecast.

QUESTION 4

1. Explain the nature and importance of a job cost sheet.

QUESTION 5

1. Distinguish among operating, investing, and financing activities.

QUESTION 6

1. Managers’ activities and responsibilities can be classified into three broad

functions. List and discuss each function.

QUESTION 7

1. Identify and discuss the relevant costs in accepting an order at a special price.

QUESTION 8

1. Smith & Company claims that the relevant range concept is only important for

variable costs. Explain the relevant range concept and discuss whether you

agree with Smith & Company.

QUESTION 9

1. What is a CVP analysis and how is it used in managerial accounting?