Managerial Accounting (SAYA-0009) Exam (BUS105) Free Practice Test

Question 1

Archer Corporation manufactures coffee cups in the Midwest. Using this data, calculate the total current period manufacturing costs for the Schedule of Cost of Goods Manufactured for the year ending on December 31, 2021.

A. $679,000

B. $604,000

C. $925,000

D. $554,000

Correct Answer: B

Question 2

Which of the following employees of ABC Corporation is most likely to receive the report regarding the internal audit committee's control findings?

A. Managerial accountant

B. Plant manager

C. Chief financial officer

D. Payroll clerk

Correct Answer: C

Question 3

Myer Inc. achieved their goal of reducing their employee turnover rate by 15%. Which of the following perspectives of their balanced scorecard is most likely to include this measure?

A. Customer satisfaction

B. Internal business process

C. Learning and growth

D. Financial performance

Correct Answer: C

Question 4

Which of the following would be a measure of managerial accounting?

A. Statement of cash flows

B. Capital budget

C. Total liabilities as of June 1

D. The balance sheet

Correct Answer: B

Question 5

Using this data, what is the contribution margin?

A. $326,000

B. $625,000

C. $121,000

D. $365,000

Correct Answer: A

Question 6

Cash collections and payments for purchases would be included in which of the following budgets as part of the overall master budget?

A. Cash budget

B. Direct materials purchases budget

C. Manufacturing overhead budget

D. Budgeted income statement

Correct Answer: A

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Saylor Managerial Accounting (SAYA-0009) (BUS105) Free Practice Test