管理会计双语课程习题chapter_2
- 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。
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
b. False
19. A company with sales of $100,000, flexible costs of $70,000, and capacity-related costs of
$50,000 will reach its break-even point if sales are increased by $20,000.
a. True
b. False