Skip to content
Solved Assignments

ACC 310 Week 4 Quiz: Managerial Accounting and Performance Evaluation

Quiz covering managerial accounting and performance evaluation.

Preview 2 of 3 pages

See the first 2 pages exactly as they appear in the document.

  1. Page 1
    Read page 1 as text

    ACC 310 Week 4 Quiz: Managerial Accounting and Performance Evaluation ACC 310 Week 4 Quiz (Variant 2) 1. Relative performance evaluations (RPE) are not designed to (Points : 1) A. compare managers to other comparable managers. B. compare divisions with other comparable divisions. C. remove the effect of environmental factors that are beyond a manager’s control. D. restate departmental goals so meaningful comparisons can be made. 2. Which of the following statements is (are) false regarding the effective use of management control systems. A. In general, cost allocations should not be used in management control systems because clear control over the cost being allocated cannot be determined. B. The primary reason to use a dual rate allocation system is to focus a manager’s performance evaluation on factors under the manager’s direct control. A. Only A is false. B. Only B is false. C. Both A and B are false. D. Neither A nor B is false. 3. The method of accounting for joint product costs that will produce the same gross margin for all products is the A. replacement method. B. physical quantities method. C. net realizable value method. D. units produced method. 4. Which of the following activities is most likely to be classified as value - added for a manufacturing company? A ) inspecting B ) assembling C )storing D ) ordering 5. The controllability concept states that managers should be held responsible for A . all items over which they have decision - making authority B . costs and revenues, but not investments in assets used in their division. C . only items that are allocated to their divisions on a per - unit basis. D . fixed compensation items, but not contingent compensation items. 6. Which of the following budgets is not required in a wholesale organization? A. cash B. sales C. production D. cost of goods sold marketing and administrative expenses

  2. Page 2

1 more page in the full document

Unlock it once and it stays in your library, ready to chat with or turn into flashcards.

Unlock the full document

More Accounting study materials

See all

Study this document with CramX

Once it is in your library, every tool can work from it.