管理会计双语课程习题chapter2
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管理会计双语课程习题chapter2
CH02
COST MANAGEMENT CONCEPTS AND COST BEHAVIOR
TRUE/FALSE
1. There is no single definition of cost.
a. True
b. False
2. The role of the management accountant is to tailor the cost calculation
to fit the current decision situation.
a. True
b. False
3. A cost that is useful for one decision may not be useful information for
another decision.
a. True
b. False
4. In most organizations, managing nonmanufacturing costs as well as
manufacturing costs is important for financial success.
a. True
b. False
5. The cost of a customized machine only used in the production of a single
product would be classified as a direct cost.
a. True
b. False
6. The wages of a plant supervisor would be classified as a period cost.
a. True
b. False
7. The classification of product and period costs is particularly valuable
in management accounting.
a. True
b. False
8. For external reporting, generally accepted accounting principles require
that costs be classified as either flexible or capacity-related costs.
a. True
b. False
9. Knowing whether a cost is a period or a product cost helps to estimate
total cost at a new level of activity.
a. True
b. False
10. Flexible costs are always direct costs.
a. True
b. False
11. Capacity-related costs vary with the level of production or sales volume.
a. True
b. False
12. Currently, most personnel costs are classified as capacity-related costs.
a. True
b. False
13. Some capacity-related costs might be classified as direct
manufacturing
costs.
a. True
b. False
14. Capacity-related costs depend on the resources used, not the resources
acquired.
a. True
b. False
15. Break-even point is NOT an important concept since the goal of business
is to make a profit.
a. True
b. False
16. To perform cost-volume-profit analysis, a company must be able to
separate costs into capacity-related and flexible components.
a. True
b. False
17. Cost-volume-profit analysis may be used for single-product and
multiproduct analysis.
a. True
b. False
18. Selling price per unit is $30, flexible cost per unit is $15, and
capacity-related cost per unit is $10. When this company operates above the break-even point, the sale of one more unit will increase net income by $5.
a. True