1/ In analyzing a departmental income statement what action should normally be taken

A.	discontinue if the operating line is negative.
	B.	continue if fixed costs are covered.
	C.	ignore allocated fixed costs.
	D.	continue if the contribution margin is positive

2/ Opportunity cost is defined as

A.	profit foregone by selecting one project over another.
	B.	another term for fixed cost.
	C.	an economic term that does not apply to managerial accounting.
	D.	profits foregone in previous year

3/ Breakeven in units is calculated by

A.	dividing projected fixed costs by contribution margin ratio.
	B.	dividing projected fixed costs by projected contribution margin per unit.
	C.	dividing projected variable costs by contribution margin per unit.
	D.	dividing total costs by contribution margin ratio

4/ Scarce resource analysis refers to

A.	how a firm uses precious metals.
	B.	the allocation of direct labor, space, and machine hours based on contribution margins factored by the resource.
	C.	opportunity costs.
	D.	None of the above