1. If a production assembly line bottlenecks at the packaging station, management should apply the Lean approach. Agree or Disagree Agree. Management should cut down the length of waiting lines (i.e., make the lines more lean). Disagree. Management should focus on the Theory of Constraints. Question 7 Social responsibility as to do with: Answer Serving the community, customers, employees, and all outside stakeholders. Ethics, treating people fairly. . 3 points Question 8 Accountants who earn a certification in managerial accounting are called: Answer Certified Accounting Managers Certified Management Accountants . 3 points Question 9 The wages of factory maintenance personnel would usually be considered to be: Indirect Labor Manuf. Overhead Answer No Yes Yes No Yes Yes No No . 3 points Question 10 Conversion cost consists of which of the following? Answer Manufacturing overhead cost. Direct materials and direct labor cost. Direct labor cost. Direct labor and manufacturing overhead cost. . 3 points Question 11 Which of the following costs is an example of a period rather than a product cost? Answer Depreciation on production equipment. Wages of salespersons. Wages of production machine operators. Insurance on production equipment. . 3 points Question 12 Variable cost: Answer increases on a per unit basis as the number of units produced increases. remains constant on a per unit basis as the number of units produced increases. remains the same in total as production increases. decreases on a per unit basis as the number of units produced increases. . 3 points Question 13 Which of the following statements regarding fixed costs is incorrect? Answer Expressing fixed costs on a per unit basis usually is the best approach for decision making. Fixed costs expressed on a per unit basis will decrease with increases in activity. Total fixed costs are constant within the relevant range. Fixed costs expressed on a per unit basis will increase with decreases. Question 17 The following costs were incurred in September: Direct materials