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1. From the point of view of department head, his own salary is controllable. 1 point True False 2. Repair and maintenance of assets being
1. From the point of view of department head, his own salary is controllable. 1 point True False 2. Repair and maintenance of assets being used by the department is a 1 point controllable cost. True False 3. All non-controllable costs are indirect departmental costs 1 point True False 4. All indirect departmental costs are non-controllable 1 point True False5. All departmental direct costs are controllable. 1 point O True O False Clear selection 6. At breakeven point, fixed cost is equal to contribution margin. 1 point O) True O False Clear selection 7. Fixed costs are constant per unit while variable costs are variable per unit. 1 point O True O False 8. Even if the production /sales volume goes up from P5,000 to P10,000 units 1 point the variable cost rate of P6 remains unchanged provided both activity levels are within the relevant range. O True O False9. In Job order costing, cost computation is at regular interval, usually on a 1 point monthly basis. O True False 10. The cost of supplies used by the department is a non-controllable, direct 1 point cost. True O False 11. Management Accounting is history oriented. 1 point True O False 12. In Management Accounting, reports are in the form of all-purpose 1 point financial statements, O True False13. In Financial Accounting, adherenceto EMF is required. 0 True 0 False 14. Finance function is a line function. 0 True {31 False 15. In assisting management in carrying its Controlling function, Accounting provides the latter with projected gures based on recorded results of operations. 0 True 0 False
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