1. Which of the following statement is true for Organisational strategies?

A. Reconsidered all of the time on a daily basis

B.Once determined, they should never be reconsidered

C.Each quarter, they are revisited

D.Reconsidered periodically as the organization or environment changes

2. Which of the following types of reporting uses cost accounting information?

A.Financial reporting only

B.Management reporting only

C.Both financial and management reporting

D.Neither financial nor management reporting

3.How would the Department of Surgery classifies the costs of staffing and operating the Accounting Department at a Hospital?

A.direct costs.

B.indirect costs.

C.incremental costs.

D.opportunity costs.

4.Super Smart allocates advertising expenses to its two departments, F and M, using sales as the cost driver. For the current year the sales for department F are estimated to be $900,000 and for department M $300,000 and total advertising expenses are budgeted at $55,000. The indirect cost rate is:

A.F$33,000: M $22,000

B. $.046 per sales dollar

C.F$.0611: M $.0917 per sales dollar

D. F$41,250: M $13,750

5. In a multinational organization, the salary of the general manager of a plant that makes a number of different types of products represents what type of cost?

A.an organisational-sustaining cost

B.a facility-sustaining cost

C.a customer-sustaining cost

D.a product-sustaining cost

6. In comparison to a traditional costing system, an activity-based costing system involves which of the following?

A.Fewer cost pools

B.More cost pools

C.bigger cost pools

D. b and c

7.Which of the following is an alternative name for the cost that is predicted in a regression analysis?

A.Dependent variable

B.Independent variable

C.Beta

D.Slope

8. Which of the following statement is true for Mixed costs?

A.Variations in production costs are directly proportional to volume

B.Vary with production but not in direct proportion to volume

C.Do not vary with production

D.Include only different kinds of fixed costs