Managerial Accounting Is Also Called

question 62

Multiple Choice

Managerial accounting is also called

• A)inside reporting.
• B)cost accounting.
• C)management accounting.
• D)strategic management.

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Definitions:

Machine Hours

A measure of the total operating time of machinery within a certain period.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on their respective shares of direct costs or activity drivers.

Assembly Rate

The speed or rate at which a product is assembled, which can affect production efficiency and output.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process of a company's products.