1.

Allocated common fixed costs can make a product line appear to be which of the below?

Unprofitable

Profitable

Break-even only

Not part of profitable/unprofitable analysis

2.

If you find an unfavorable labor rate variance you probably:

Have too many employees in a function

Over- qualified employees in a menial task

Have untrained employees

All of the above

3.

My company uses the same blue wool thread to make sweaters, gloves and hats. While they are still in the process of being completed, they would be an example of which of the below?

Stand-alone products

Split-off products

Finishing products

Joint products