10. Vademecum, Inc. had an initial baiance in es Accumulated Deprociation of $6,000,000 and a final balance in this account of $5 500,000. This change represents investing use of funds b An operating source of tunds in the amount of $500,000 c. A financing source of funds in the amount of $500,000 d. carrot be determined with te nternaion prvided 11. The difference between full (absorption) costing and direct costing s variable costs are expensed when the product , while under a. Under the direct costing method, is sold (that is, they are carried in inventory until products are sold) full costing variable oosts are expensed in the accounting period they are b. Under the full costing method, variable costs are expensed when the product is sold (that is, they are carried in inventory until products are sold), while under direct costing variable costs are expensed in the accounting period they are incurred c Under the direct costing method, fixed manufacturing overhead costs are carried in inventory unta expensed when the product is sold (that is, they are products are sold), while under full costing fixed manufacturing overhead costs are expensed in the accounting period they are incurred full costing method, fxed manufacturing overhead costs are expensed when the product is sold (that is, they are carried in inventory until products are sold), while under direct costing foxed manufacturing overhead costs are expensed in the accounting period they are incurred 12. The difference between direct and indirect costs is that a. only direct costs can be traced to specific cost objects b. only indirect costs can be traced to specific cost objects c. only direct costs can be traced to direct materials d. only indirect costs can be traced to indirect overhead 13. Differential costs are defined as a. the difference between fixed and variable costs b. costs that are different between two aternatives c. the difference between absorption and direct costs d. costs that vary from one accounting period to the next 14. A cost is defined as a. the market value of a liability b the book value of a liability c the cash amount (or the cash equivalent) given up for an asset d. the price the accountant expects to pay for an asset 15. The sales price per unit for Maximus perfume is $59, the variable cost per unit is $14 and the fixed costs are $900,000. Determine the break-even level both in units. a 25,000 units, $1,180,000 b 25,000 units $1,475,000 c. 20,000 units $1,180,000 d. 20,000 units, $1,475,000 16. The sales price per unit for Maximus perfume is $59, the variable cost per unit is $14 and the fixed costs are $1,400,000. Determine the break-even level both in units, and in sales dollars if the company wants to obtain a gross profit of $2,100,000. a. 50,000 units; $5,900,000 b. 100,000 units, $5,900,000 C. 100,000 units, $3.500,000 d. 50,000 units, $3,500,000