Man10e_SecTest_02

Man10e_SecTest_02 - 10th Edition MANAGERIAL ACCOUNTING...

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10th Edition MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapters 4–6 Score % Name Course Section Note: Each of the 40 correct answers is assigned a weight of 2½%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—75% INSTRUCTIONS: Complete each of the following statements by writing the appropriate word or amount in the Answers column. Section Test 2
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TEST 1 (Continued) For Answers Scoring 0. The manner in which a cost changes as a related activity changes is known as . ................................................................................................................ cost behavior 0. ____ 1. The activity that is thought to cause a cost to be incurred is called an . ..... 1. ____ 2. The range of activity over which the changes in a cost are of interest to management is referred to as the . .............................................................. 2. ____ 3. In terms of cost behavior, direct materials and labor costs are generally classified as . ................................................................................................ 3. ____ 4. Straight-line depreciation of factory equipment, insurance on factory plant, and factory supervisor salaries are examples of (variable costs, fixed costs,
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TEST 2 (Concluded) mixed costs) . ............................................................................................... 4. ____ 5. Rental of equipment at $5,000 per month plus $6 for each machine hour used over 9,000 hours is a type of (variable cost, fixed cost, mixed cost). . 5. ____ 6. The high-low method is a cost estimation technique that may be used to separate (variable cost, fixed costs, mixed costs) . ..................................... 6. ____ 7. A management accounting reporting system that includes only variable manufacturing costs in the product cost is known as variable or . .............. 7. ____ 8. Sales minus variable costs divided by sales is the calculation of the . ........ 8. ____ 9. Given sales per unit of $40 and variable costs per unit of $30, what is the break-even point in sales units if fixed costs are $150,000? . ..................... 9. ____ 10. An increase in fixed costs will cause the break-even point to . ................... 10. ____
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Man10e_SecTest_02 - 10th Edition MANAGERIAL ACCOUNTING...

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