TEST BANK

to accompany

MANAGERIAL ACCOUNTING
TOOLS FOR BUSINESS DECISION MAKING

PAUL D. KIMMEL Ph.D., C.P.A.

Associate Professor of Accounting
University of Wisconsin—Milwaukee
Milwaukee, Wisconsin

JERRY J. WEYGANDT Ph.D., C.P.A.

Arthur Andersen Alumni Professor of Accounting
University of Wisconsin—Madison
Madison, Wisconsin

DONALD E. KIESO Ph.D., C.P.A.

KPMG Peat Marwick Emeritus Professor of Accountancy
Northern Illinois University
DeKalb, Illinois

Prepared by

John Borke, University of Wisconsin – Platteville

Larry Falcetto, Emporia State University
Barbara Muller, Arizona State University – West
Alice Sineath, Forsyth Technical Community College
Ellen Sweatt, Georgia Perimeter College
Diane Tanner, University of North Florida

John Wiley & Sons, Inc.

 CONTENTS
Preface To the Instructor
Chapter 1 Managerial Accounting
Chapter 2 Job Order Cost Accounting
Chapter 3 Process Cost Accounting
Chapter 4 Activity-Based Costing
Comprehensive Examination A (Chapters 1-4): Available online, IRCD, and computerized test bank

Chapter 5 Cost-Volume-Profit
Chapter 6 Incremental Analysis
Chapter 7 Variable Costing: A Decision-Making Perspective
Chapter 8 Pricing
Comprehensive Examination B (Chapters 5-8): Available online, IRCD, and computerized test bank

Chapter 9 Budgetary Planning

Chapter 10 Budgetary Control and Responsibility Accounting
Chapter 11 Standard Costs and Balanced Scorecard
Chapter 12 Planning for Capital Investments
Chapter 13 Statement of Cash Flows
Chapter 14 Financial Statement Analysis: The Big Picture
Comprehensive Examination C (Chapters 9-14): Available online, IRCD, and computerized test bank

Appendix A Time Value of Money

Final Exam Chapters 1-14
Selected Study Guide Questions: Available online, IRCD, and computerized test bank

The following Achievement Tests are available online, the IRCD, and computerized test bank.
Achievement Test 1 Chapters 1-2
Achievement Test 2 Chapters 3-4
Achievement Test 3 Chapters 5-6
Achievement Test 4 Chapters 7-8
Achievement Test 5 Chapters 9-10
Achievement Test 6 Chapters 11-12
Achievement Test 7 Chapters 13-14
 Preface to the Instructor

This examination book contains a test bank of exercises, brief exercises, true/false statements,
multiple choice questions, completion statements, matching problems, and essay questions for
testing students who are learning accounting from Managerial Accounting, Tools for Business
Decision Making, Third Edition by Paul D. Kimmel, Jerry J. Weygandt, and Donald E. Kieso (John
Wiley & Sons, Inc. 2005). A complete set of the above-mentioned testing items is provided for each of
the fourteen chapters, Appendix A, achievement tests, comprehensive exams, and final exam.

The test bank features a collection of over 2,500 examination questions and exercises accompanied
by answers and solutions. Each chapter includes a Summary of Questions by Study Objectives and a
Summary of Study Objectives by Question Type linking test items to Study Objectives. Exercises are
also identified by estimated completion time. Essay questions are included in each chapter of the
Examination Book, in response to the AECC recommendations. The Communication questions
require answers to be in the form of written business communications such as memos or reports.
Ethics questions allow students to use higher-level cognitive abilities to respond to real-world
business ethical situations.

A computerized test bank containing all content from this test bank can be found on the Instructor’s
Resource CD (IRCD) and Instructor’s web site that accompany Managerial Accounting,Tools for
Business Decision Making, Third Edition.

We sincerely thank the following individuals for their expert assistance in the production of this
examination book: John Borke of the University of Wisconsin – Platteville, Larry Falcetto of Emporia
State University, Barbara Muller of Arizona State University – West, Alice Sineath of Forsyth
Technical Community College, Ellen Sweatt of Georgia Perimeter College, and Diane Tanner of the
University of North Florida. We also would like to thank Sandee Cohen of Columbia College, Jim
Emig of Villanova University, and Clyde Galbraith of West Chester University for their help in
accuracy checking this Test Bank.

PAUL D. KIMMEL
JERRY J. WEYGANDT
DONALD E. KIESO