3) The tracing or reassigning of costs to one or more cost objectives is referred to as 5.88 Points cost allocation cost making mixed-up costing historical costing 6) Which of the following can be inventory costs? 5.88 Points O raw materials O indirect labor O direct labor O factory overhead O A, B, C, and D O only A, B, and C 11) What is the last portion of the decision process? 5.88 Points O prediction method O decision model O Implementation and evaluation feedback costs that between 8) In making managerial decisions, relevant information involves alternatives. 5.88 Points O past; differ past; do not differ O future; do not differ future; differ 9) For a revenue to be irrelevant to a particular decision, the revenue must 5.88 Points differ between the alternatives being considered be a future revenue be a past revenue A and B A and C only C 10) The role of historical data from the accounting system in making managerial decisions is 5.88 Points O to assist in making predictions about other information needed for making decisions to serve directly as inputs in decision models none of the above O to assist in making predictions that are inputs to a decision model 14) In competition, all competing firms will sell the same type of product at the same price. 5.88 Points O perfect imperfect fair unfair 15) Which of the following legal requirements influences pricing in practice? 5.88 Points O markup pricing O predatory pricing Onondiscriminatory pricing O competitive pricing 16) A factor not usually included in determining the feasibility of earning the desired target profit margin is 5.92 Points O interest rates depreciation Inflation rates O competitor pricing 17) Popular markup formulas for pricing do not include a percentage of 5,88 Points full costs total variable costs O variable manufacturing costs O fixed costs