chapter 21.docx - Chapter 21 31 A major accounting...

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Chapter 21 31 . A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to a. assign responsibility for the decision. b. provide relevant revenue and cost data about each course of action. c. determine the amount of money that should be spent on a project. d. decide which actions that management should consider. 37 . Costs that will differ between alternatives and influence the outcome of a decision are a. sunk costs. b. unavoidable costs. c. relevant costs. d. product costs. 40 . Which of the following is an irrelevant cost? a. An avoidable cost b. An incremental cost c. A sunk cost d. An opportunity cost 55 . In incremental analysis, a. costs are not relevant if they change between alternatives. b. all costs are relevant if they change between alternatives. c. only fixed costs are relevant. d. only variable costs are relevant. 57 . Miley, Inc. has excess capacity. Under what situations should the company accept a special order for less than the current selling price? a. Never b. When additional fixed costs must be incurred to accommodate the order c. When the company thinks it can use the cheaper materials without the customer's knowledge d. When incremental revenues exceed incremental costs
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