13. In a process cost system, product costs are summarized: 14. An activity that has a direct cause-effect relationship with the resources consumed is a(n) 15. Activity-based costing 16. A cost which remains constant per unit at various levels of activity is a
17. The break-even point is where 18. Fixed costs are $600,000 and the contribution margin per unit is $150. What is the break-even point? 19. When a company assigns the costs of direct materials, direct labor, and both variable and fixed manufacturing overhead to products, that company is using 20. If a division manager's compensation is based upon the division's net income, the manager may decide to meet the net income targets by increasing production when using 21. An unrealistic budget is more likely to result when it 22. A major element in budgetary control is 23. The purpose of the sales budget report is to 24. The accumulation of accounting data on the basis of the individual manager who has the authority to make day-to-day decisions about activities in an area is called 25. Variance reports are 26. Internal reports that review the actual impact of decisions are prepared by 27. The process of evaluating financial data that change under alternative courses of action is called
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- Fall '09
- Accounting, Net Income, division manager