Managerial Accounting The Cornerstone of Business Decision Making 7th Maryanne M Mowen Don R Hansen Dan L Heitger- Test Bank

 

To Purchase this Complete Test Bank with Answers Click the link Below

 

https://tbzuiqe.com/product/managerial-accounting-the-cornerstone-of-business-decision-making-7th-maryanne-m-mowen-don-r-hansen-dan-l-heitger-test-bank/

 

If face any problem or Further information contact us At tbzuiqe@gmail.com

 

 

Sample Test

Chapter_3

 

 

True / False

 

1. A cost that changes in total as output changes is a variable cost.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CTZ

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJW-8YAS-R3JI-GTUD-1AMG-GYSU-OPMR-8RSU-1AMR-GOSS-RPJO-GWSU-NPUR-CAAU-NPJO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

2. The cost of raw materials used is usually a fixed cost.

 

a.

True

 

b.

False

 

ANSWER:  

False

RATIONALE:  

The cost of raw materials used is usually a variable cost.

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CTS

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMR-GC4U-CC3A-GAHD-OA3U-GRSU-QPMR-8YSS-EPMR-GOSU-YAJU-GOSS-K3MG-GFTS-C3BW-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

3. Fixed costs are costs that in total remain constant within the relevant range as the level of output increases or decreases.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CTI

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJW-CRHD-YAUG-8YHS-EQJA-8YSU-YCBI-8RSU-GAMD-GOSU-GATU-CWSU-R3UN-GJTD-KP3U-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

4. As output decreases fixed costs per unit will increase.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CTW

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMF-8FOU-YPT1-CC4U-Y3JZ-GASU-YQJI-CESU-RAJ1-GOSU-EC33-GHSU-1CJT-GOAD-YQDB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

5. As output increases variable cost per unit will also increase.

 

a.

True

 

b.

False

 

ANSWER:  

False

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C4N

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMR-CW4U-NA5D-CC5U-EC5B-GASU-R3JA-8YSU-C3JW-GOSU-G3TA-8RSS-KQMB-CE4D-GAMB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

6. The cost of advertising is usually a discretionary fixed cost.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C4B

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMF-GFTD-KCJ3-GW3D-KPDN-GYSS-EAJA-8RSS-RCJT-GOSS-KQJW-CCSU-KP5G-G7OU-YCBU-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

7. A discretionary fixed cost can be changed relatively easily at management discretion.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C33

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJZ-GOHU-Y3T3-GW3D-OQJ3-8YSU-YCJU-8RSS-KPJT-GOSU-1CDF-CCSS-CAJA-GW5U-K3MB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

8. The relevant range is the range of output within which the assumed cost relationship is valid for the normal operations of the firm.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3A

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJU-8FTU-1A3T-CF1U-OCDF-GESU-QP3S-CRSU-C3DN-GOSS-NPJS-GHSS-KAJO-CE5G-G3BS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

9. Determining cost behavior is not essential to planning, controlling, and decision making.

 

a.

True

 

b.

False

 

ANSWER:  

False

RATIONALE:  

Determining cost behavior is essential to planning, controlling, and decision making.

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C4G

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJI-GEAD-YCBW-GEAG-NA5F-CRSS-EPJW-8YSU-GCJW-GOSU-NC5F-8RSU-OC5N-8BUG-NPBS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

10. A variable cost increases in total when output increases but the per-unit costs remains the same.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C4F

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMG-8FTS-GCT1-GC5G-GPUF-GESU-EQJW-8RSU-EPDN-GOSS-GCUG-COSU-Y3UF-CE4U-1C3S-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

11. Cost relationships may change at output levels outside of the relevant range.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C4R

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJI-GPTG-NPTI-CW5U-N3TW-GCSU-CQMB-CRSS-G3T1-GOSS-CA3I-GOSS-C3J3-GWHD-1CUN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

12. Computing unit fixed costs may result in misleading information.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C4D

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJU-CO5S-KA5R-GOHS-EP3U-CCSU-QAJW-8YSU-EAJ3-GOSS-KAUF-GRSS-NA5G-GA5U-OA5F-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

13. Discretionary fixed costs often involve a long-term contract.

 

a.

True

 

b.

False

 

ANSWER:  

False

RATIONALE:  

Discretionary fixed costs can be changed at management’s discretion.

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3U

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJS-GH5G-G3BA-CAHG-R3BI-CRSU-YPTU-CESU-OQDD-GOSS-CCDG-GHSU-1CJ3-8Y5D-13JZ-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

14. Total variable costs = Variable rate × amount of output.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C31

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMF-GOAD-YCJT-GA3S-CQDB-CCSU-1QB3-8RSU-K3DN-GOSU-NCDF-GOSS-EC5G-GR3G-NC31-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

15. A driver is a factor that causes or leads to a change in a cost.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3T

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJS-GPTD-RPTZ-GAAS-NC3I-CESU-QCJZ-8RSU-Y3BI-GOSU-ECTW-GASU-KPJ3-CO4U-EC3S-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

16. Mixed costs have both a fixed and a variable component.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-2 – LO: 03-02

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3O

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJW-COHG-EQBT-GB1D-CCB1-GOSS-ECBI-CESU-YQMN-GOSU-QCTW-GESU-13JT-GWAS-NPUF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

17. Managerial judgment is critically important in determining cost behavior.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3Z

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJT-CJ1D-NPBZ-8Y4D-O3TZ-GYSU-K3TZ-CRSS-ECUR-GOSU-OQMN-GYSU-OCJA-GY4D-RQDD-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

18. The high-low method is an objective method to separate the cost behavior of a mixed cost.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3S

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJ1-GJTS-C3JO-CAAD-CPT3-GRSS-EPMD-8YSU-O3MD-GOSU-CPBO-CASU-RA5D-GW3D-KA5D-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

19. “Outliers” are points that seem to fit the general pattern of behavior.

 

a.

True

 

b.

False

 

ANSWER:  

False

RATIONALE:  

“Outliers” are points that do not seem to fit the general pattern of behavior.

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3I

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJZ-CCAD-QPMR-CA3S-GCMG-CESS-EA3W-8RSU-1AJU-GOSU-E3MG-CASU-GCUN-CTTG-ECJS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

20. The slope of a mixed cost line is equal to the fixed element of the cost.

 

a.

True

 

b.

False

 

ANSWER:  

False

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1C3W

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJS-CTOU-N3BT-GO3D-1QMG-GYSU-1C5R-8RSS-KPJ3-GOSS-EQJO-GRSU-OP5R-CT1U-13TA-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

21. Using the high-low method, the calculation of the cost line uses the highest and lowest activity period.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN- Decision Modeling
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CNN

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJW-GBUG-NCJW-GFOS-CPT1-CWSU-R3BU-8YSU-RPMN-GOSU-KPBW-GHSU-NPDB-GR5D-YC5R-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

22. Calculation of the cost line using the high-low method tests the lowest cost period to see if it is an outlier.

 

a.

True

 

b.

False

 

ANSWER:  

False

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CNB

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJZ-GTTD-QATI-GJTG-GCJU-GCSU-NCTZ-8RSS-KPB3-GOSS-G3UR-8YSS-EA3A-GTOU-QC5D-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

23. Using a linear regression program, the term ‘Intercept’ refers to the variable cost.

 

a.

True

 

b.

False

 

ANSWER:  

False

RATIONALE:  

Using a regression program, the term ‘Intercept’ refers to the fixed cost.

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Quantitative Methods

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CB3

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJ3-8Y4G-NPMG-8F1U-NPT1-CASS-NPDD-8RSU-CAT1-GOSU-CC3U-CESU-GA3S-CA4S-CCDB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

24. Using a regression program, the term ‘X Variable 1’ refers to the dependent variable.

 

a.

True

 

b.

False

 

ANSWER:  

False

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Quantitative Methods

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CBA

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJT-CA5U-Y3UG-G7TD-YPUN-CRSU-GP3O-8RSU-OAJ1-GOSU-KA3U-8RSU-KA5R-GTOU-1CBO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

25. Using regression, the value of ‘X Variable 1’ equals the slope of the line.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-3 – LO: 03-03

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Decision Modeling
United States – AK – IMA: Quantitative Methods

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CNG

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMD-CEHD-RCDB-GJTD-1CJI-COSU-1PBI-8YSU-R3BU-GOSU-EPJA-CESU-CC31-CI1D-OA3T-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

26. Variable costing and absorption costing income statements may differ because of their treatment of fixed factory overhead.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-4 – LO: 03-04

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:53 AM

DATE MODIFIED:  

9/20/2016 10:53 AM

QUESTION ID:  

JFND-GO3A-EFDR-GPJ3

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJO-GY4D-QA3S-GB1G-EC3T-GHSS-R3MF-CESS-CPTS-GOSS-RC3A-GCSS-EAJW-CE4D-KPTU-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

27. Inventory costs under variable costing include only direct materials, direct labor, and variable factory overhead.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-4 – LO: 03-04

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:53 AM

DATE MODIFIED:  

9/20/2016 10:53 AM

QUESTION ID:  

JFND-GO3A-EFDR-GPJA

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMG-GI1S-CC5F-CTOS-KC33-CESS-GQMR-CESS-CATS-GOSS-C3TZ-GASU-QCMB-CP1D-GQBS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

28. Inventory under absorption costing includes only direct materials and direct labor.

 

a.

True

 

b.

False

 

ANSWER:  

False

RATIONALE:  

Inventory under absorption costing includes direct materials, direct labor, variable factory overhead, and fixed factory overhead.

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-4 – LO: 03-04

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:53 AM

DATE MODIFIED:  

9/20/2016 10:53 AM

QUESTION ID:  

JFND-GO3A-EFDR-GPKG

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJ3-CC3S-G3UB-CCAS-G3UB-CASS-RAMG-8RSU-RQJU-GOSS-KA5G-CESU-NPBZ-8R3U-KCUG-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

29. If the number of units produced in a period is larger than the number of units sold in a period, absorption costing income will be higher than variable costing income.

 

a.

True

 

b.

False

 

ANSWER:  

True

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-4 – LO: 03-04

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:53 AM

DATE MODIFIED:  

9/20/2016 10:53 AM

QUESTION ID:  

JFND-GO3A-EFDR-GPKF

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMB-GH3U-CQJZ-GITS-EPMR-CWSS-R3BO-CESU-QQBW-GOSU-CCTU-GYSU-QPB1-GY4S-CCMN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

30. Product cost includes all costs of the company.

 

a.

True

 

b.

False

 

ANSWER:  

False

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-4 – LO: 03-04

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:53 AM

DATE MODIFIED:  

9/20/2016 10:53 AM

QUESTION ID:  

JFND-GO3A-EFDR-GPKD

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJS-GW3U-1CDR-COHD-G3DF-CASU-E3MR-CRSU-O3BW-GOSS-KPJZ-GOSU-KAMF-CT1D-CPBO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

31. If the number of units produced in a period is smaller than the number of units sold in period, absorption costing income will be higher than variable costing income.

 

a.

True

 

b.

False

 

ANSWER:  

False

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

True / False

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-4 – LO: 03-04

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27-Managerial Account – ACBSP: APC-27-Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:53 AM

DATE MODIFIED:  

9/20/2016 10:53 AM

QUESTION ID:  

JFND-GO3A-EFDR-GPKR

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMG-GCHS-EPJ3-GBOU-GATU-GOSS-NAT3-8YSU-KA5D-GOSS-EQBO-COSU-QCJW-8YHD-K3DF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

Multiple Choice

 

32. Knowing how costs change as output changes is essential to

 

a.

planning and controlling.

 

b.

controlling and decision making.

 

c.

planning, controlling and decision making.

 

d.

None of these are correct.

 

ANSWER:  

c

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-27 – Managerial Accounting Features/Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJ1

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJW-CRHU-Q3MR-8FTG-NPJ3-8YSU-NCMR-8RSU-QATW-GOSS-CQDN-GWSS-G3UN-CA5S-EPJT-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

33. Fixed costs are costs that:

 

a.

decrease as the per unit variable cost increases.

 

b.

are constant within the relevant range as the level of output changes.

 

c.

increase as the miscellaneous expenses decrease with the level of output.

 

d.

All of these are correct.

 

ANSWER:  

b

POINTS:  

1

DIFFICULTY:  

Moderate

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA – Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 5:08 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJT

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMG-CEHS-KQMB-GWAU-YPDN-GHSS-GCMR-8YSU-NPTS-GOSS-KAMD-GESU-CCJU-CT1U-EQB3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

34. Depreciation on equipment is an example of a _____.

 

a.

variable cost

 

b.

mixed cost

 

c.

fixed cost

 

d.

step cost

 

ANSWER:  

c

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: – Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 5:48 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJO

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJT-8YHG-NQBZ-GBOS-ECMR-GCSU-CAJO-CESU-RAUN-GOSS-K3J3-GOSU-QAMN-CC3D-GCDR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

35. Which of the following would not be an example of a fixed cost?

 

a.

The electricity bill paid for production

 

b.

The rent paid for a warehouse

 

c.

The depreciation on a factory building

 

d.

The property taxes paid on real estate.

 

ANSWER:  

a

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 6:45 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJZ

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMB-GW3D-RC5G-GY4U-GPJS-GESU-OQDG-8RSS-CC31-GOSS-R3UG-GCSS-EAJO-CPTG-C3TW-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

36. Which of the following is true of discretionary fixed costs?

 

a.

They are used to calculate contribution margin.

 

b.

They depend on the number of units produced.

 

c.

They can be changed easily by management’s decision.

 

d.

They increase as output increases.

 

ANSWER:  

c

POINTS:  

1

DIFFICULTY:  

Moderate

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 6:52 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJS

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMB-GPUG-K3MN-8FOU-1CUB-CESS-NCT1-8YSS-CCMN-GOSU-CP5G-GRSS-CCBT-G7TU-NC3T-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

37. Cost of advertising is an example of a _____.

 

a.

discretionary fixed cost

 

b.

variable cost

 

c.

semi-variable cost

 

d.

committed fixed cost

 

ANSWER:  

a

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 7:06 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJI

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMN-G3TD-NPTI-CTTD-1C31-CWSS-K3MR-CRSU-1AUG-GOSS-C3JO-8YSU-OCTO-GA3D-QCBI-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

38. Discretionary fixed cost does not include _____.

 

a.

assembly wages

 

b.

public relations costs

 

c.

advertising costs

 

d.

leasing costs

 

ANSWER:  

d

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

11/3/2016 4:19 AM

QUESTION ID:  

JFND-GO3A-EFDD-1CJW

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJ1-CAAU-GQMB-CCAD-OC3U-8YSU-YCT3-CESU-YCJA-GOSS-CAJ3-CESU-N3TU-GEHU-Y3JA-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

39. Which of the following is true of a committed fixed cost?

 

a.

A committed fixed cost is used to calculate the contribution margin.

 

b.

It is difficult to change a committed fixed cost quickly.

 

c.

A committed fixed cost changes in direct proportion to changes in output.

 

d.

All of these are correct.

 

ANSWER:  

b

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 7:26 AM

QUESTION ID:  

JFND-GO3A-EFDD-1P1N

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMN-CWHU-1C3Z-8RHU-CP3Z-CWSU-KAT1-CESU-CAJA-GOSS-NP31-GHSU-R3MN-CA5U-GATS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

40. Variable costs within the relevant range

 

a.

stay constant on a per unit basis as output changes.

 

b.

increase in total as output increases.

 

c.

decrease in total as output decreases.

 

d.

All of these are correct.

 

ANSWER:  

d

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1P1B

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMG-GPTG-CA33-CW4G-KPMN-CCSU-OQDG-8YSS-EQMF-GOSU-RQDR-GRSS-EPDG-GFUG-NCBI-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

41. The _____ is a variable cost for Sam’s restaurant business.

 

a.

depreciation on equipment

 

b.

rental cost of the building

 

c.

cost of raw materials

 

d.

salary of the manager

 

ANSWER:  

c

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 7:33 AM

QUESTION ID:  

JFND-GO3A-EFDD-1PT3

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMD-CE4D-CC3O-GR4S-RP5F-GCSU-KAUF-8YSS-CAMN-GOSU-QPBW-CRSU-1QBO-GPOU-E3UD-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

42. Total variable costs

 

a.

increases as output increases.

 

b.

decreases as output decreases.

 

c.

equal a variable rate × amount of output.

 

d.

all of these are correct.

 

ANSWER:  

d

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1PTA

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJA-8F1U-GQMG-G7TU-YPUN-8RSS-KA3S-8RSU-1QMB-GOSS-RC3U-GESU-YCJI-CJOS-GCDR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

43. A _____ is a causal factor that measures the output of the activity that causes costs to change.

 

a.

cost commitment

 

b.

cost driver

 

c.

mixed cost

 

d.

fixed cost

 

ANSWER:  

b

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

11/3/2016 4:28 AM

QUESTION ID:  

JFND-GO3A-EFDD-1P1G

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJA-CCAS-GATU-CW3U-QPJU-GOSS-KCJA-CESS-KATO-GOSS-GC5N-COSU-K3JI-GE3U-E3BS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

44. Which of the following would probably be a fixed cost in a fast-food restaurant?

 

a.

cost of hamburger

 

b.

cost of french fries

 

c.

shift manager’s salary

 

d.

utility cost

 

ANSWER:  

c

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Reporting
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1P1F

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJA-CR4D-QP3Z-CR4D-GPMN-GWSU-CAMR-CESS-GPMN-GOSS-CPBI-CASU-C3MN-C3TS-E3TO-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

45. The salary of the college president is a _____ for a college.

 

a.

fixed cost

 

b.

variable cost

 

c.

cost driver

 

d.

sunk cost

 

ANSWER:  

a

POINTS:  

1

DIFFICULTY:  

Moderate

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 11:38 AM

QUESTION ID:  

JFND-GO3A-EFDD-1P1R

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJT-GY3S-CQBZ-CA4D-RCDF-GWSU-C3UD-8RSU-K3UR-GOSU-NQBS-GHSS-KATT-GR3U-K3UF-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

46. The relevant range

 

a.

is the normal range of output.

 

b.

is the range of output where cost relationships are valid.

 

c.

may change from period to period.

 

d.

All of these are correct.

 

ANSWER:  

d

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Remembering

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1P1D

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJ3-CPOU-O3JI-GTTD-1PBO-GHSU-KQJU-8RSS-CQJA-GOSU-1A3O-8YSU-1A5G-8R4U-13JW-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

47. Which of the following is true of unit fixed costs?

 

a.

They decrease in value with an increase in output units.

 

b.

They are used to calculate the contribution margin.

 

c.

They lead to more effective business decisions when compared to total fixed costs.

 

d.

They act as a causal factor for sales that measures the output of an activity.

 

ANSWER:  

a

POINTS:  

1

DIFFICULTY:  

Moderate

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 11:44 AM

QUESTION ID:  

JFND-GO3A-EFDD-1PTU

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJ3-8R3D-N3BU-GO4D-KPJI-GHSU-QCBU-8RSU-Q3JZ-GOSS-ECBU-8YSU-OP3I-GPOU-EAUB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

48. Which of the following would probably be a discretionary fixed cost for a law firm?

 

a.

salary of receptionist

 

b.

advertising

 

c.

depreciation on furniture and equipment

 

d.

cost of legal forms

 

ANSWER:  

b

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Reporting
United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1PT1

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMJA-8F1G-GCB3-8YAS-GPJT-COSS-CAJI-8RSU-QC3T-GOSS-RCJS-CESS-KCBW-GW3D-KPJ1-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

49. The lease cost of office computers is a _____ for an accounting firm.

 

a.

variable cost

 

b.

discretionary fixed cost

 

c.

committed fixed cost

 

d.

semi-variable cost

 

ANSWER:  

c

POINTS:  

1

DIFFICULTY:  

Moderate

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

10/20/2016 11:48 AM

QUESTION ID:  

JFND-GO3A-EFDD-1PTT

 

QUESTION GLOBAL ID:  

GCID-E7BW-1TBP-CCHS-EPJ1-GY5U-RPBW-8R51-43DF-GCHN-4AJO-8R4N-4CT1-CPUN-4PJI-GCHS-EQBS-GIDI-GWN8-EPRW-EMMR-GY3U-RAMN-GTOU-NPMF-GYSU-ECTS-8RSS-KCDR-GOSU-GCUD-GASU-13B1-GJ1U-E3MN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

 

50. Per-unit variable costs

 

a.

can be misleading and lead to poor decisions.

 

b.

increase as output increases.

 

c.

decrease as output decreases.

 

d.

remain constant within the relevant range.

 

ANSWER:  

d

POINTS:  

1

DIFFICULTY:  

Easy

QUESTION TYPE:  

Multiple Choice

HAS VARIABLES:  

False

LEARNING OBJECTIVES:  

ACCT.MOWE.18.3-1 – LO: 03-01

NATIONAL STANDARDS:  

United States – BUSPROG: Analytic

STATE STANDARDS:  

United States – AK – ACBSP: APC-28 – Variable and Fixed Costs
United States – AK – AICPA: FN-Measurement –

AICPA: FN-Measurement

United States – AK – IMA: Cost Management

KEYWORDS:  

Bloom’s: Understanding

NOTES:  

1 min.

DATE CREATED:  

9/20/2016 10:41 AM

DATE MODIFIED:  

9/20/2016 10:41 AM

QUESTION ID:  

JFND-GO3A-EFDD-1PTO

 

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