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10. The following information is available for the Peter Company:Sales: $500,000Invested capital: $312,500ROI: 10%The return on sales is _____.A. 10.00%[B. 6.250%]C. 1.000%D. 62.50%11.Speedo Company's revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its invested capital by 20%, return on investment will be _____. 12. When the variable costing method is used, fixed factory overhead appears on the income statement as a _____.13.In absorption costing, costs are separated into the major categories of_____. 14. _____ is another term for variable costing.A. Full costing[B. Direct costing]C. Traditional costingD. Absorption costing15.The use of budgeted service department cost rates protects using departments from _____.
16. _____ is an example of the external financial-reporting purpose of the cost management systems.17. The level of sales at which revenues equal expenses and net income is zero is called the _____.18.Output measures of both resources and activities are _____.[A. cost drivers]B. stages of productionC. fixed activitiesD. variable activities