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This Accounting Materials are brought to you by www.everything.freelahat.com Management Advisory Services by Franklin T. Agamata, MBA, CPA Suggested Key Answers Multiple Choice Questionnaires 2007 Edition Chapter 1 Chapter 2 Chapter 3 Chapter 4 Multiple Choice Multiple Choice Multiple Choice Multiple Choice 48. C Basic Concepts 1. B Costs classification Basic Concepts 49. D 1. C 2. D 1. D 1. A 50. D 2. D 3. D 2. D 2. A 51. D 3. D 4. B 3. D 3. B 42. C 4. A 5. D 4. C 4. A 43. D 5. C 6. A 5. D 5. B 44. A 6. A 7. A 6. A 6. D 45. D 7. A 8. A 7. C 7. B 46. D 8. A 9. D 8. D 8. D 47. A 9. C 10. A 9. B 9. B 48. A 10. C 11. D 10. D 10. A 49. D 11. D 12. D 11. D 11. B 50. B 12. D 13. C 12. B 12. C 51. C 13. A 14. C 13. A 13. C 52. C 14. B 15. C 14. B 14. B 53. D 15. D 16. B 15. B 15. D 54. C MAS Practice 17. C 16. A 16. B 55. D Standards 18. D 17. C Operating income 56. A 16. D 19. A 18. B 17. A 57. C 17. D 20. C 19. A 18. B 58. D 18. D 21. C 20. A 19. B 59. B 19. A 22. C 21. A 20. A Scattergraph 20. B 23. C 22. D 21. A 60. A 21. A 24. C 23. C 22. C 61. A 22. D 25. B 24. B 23. D 62. D 23. A 26. A 25. C 24. B 63. A 24. C True or False 26. D 25. A 64. A 25. C 27. T 27. B 26. A 65. B 26. A 28. F 28. D 27. C 66. C 27. C 29. T 29. A 28. D Coefficient of 28. A 30. F 29. A Correlation 31. T 30. A 67. A 32. T 31. B 68. B 33. T 32. B 69. D 34. F 33. A 70. C 35. F 34. B 71. C
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This Accounting Materials are brought to you by www.everything.freelahat.com 36. T Income with 72. B variances 73. D 35. B 74. D High-low method 75. B 36. A 76. C 37. B 77. D 38. B 78. C 39. D 79. A 40. D 80. A 41. A 81. D 42. A 43. D 44. C 45. D 46. A 47. B Chapter 5 Chapter 6 Multiple Choice 55. D Multiple Choice 54. C 101. C Basic Concepts 56. C Basic Concepts 55. B 102. D 1. C Multi-product sales 1. D 56. D 103. D 2. A 57. D 2. D 57. A 104. D 3. B 58. C 3. C 58. B 105 D 4. C 59. D 4. D 59. A 106. A 5. D 60. B (200,000) 5. A 60. A 107. B 6. C 61. D 6. C Direct labor budget Other budgeting 7. D 62. A 7. C 61. D techniques 8. D 63. B 8. D 62. B 108. D 9. B 64. B 9. C 63. C 109. B 10. B 65. C 10. B 64. B 110. B 11. D 66. D 11. No question Factory overhead 111. B 12. C Breakeven and CVP graphs 12. A budget 112. A 13. C 67. B 13. C 65. C 113. A Breakeven Point 68. C 14. B 66. B 114. A 14. B 69. C 15. D 67. B 115. A 15. D 70. A 16. D Operating expenses 116. C 16. D 71. A 17. B budget 117. C 17. B 72. C 18. B 68. C 118. A
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This Accounting Materials are brought to you by www.everything.freelahat.com 18. B 73. A 19. D Cash budget 119. D 19. B 74. A 20. D 69. C 120. A 20. B 75. A 21. D 70. A 121. C 21. C 76. A 22. A 71. C True or False 22. C 77. A 23. D 72. C 1. T 23. B 78. C 24. D 73. C 2. T 24. D 79. D 25. D 74. A 3.
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