35. The break even" cash inflow for an investment project is the point at which A) the present value of the variable future cash flows B) the present value of the of past cash flows C) the net present value of the investment project is zero D) the total cash revenues equal total cash expenses Answer cost of future cash flows equals the present value of the fixed cost of variable cost of future cash flows equals the present value of the variable cost 36. The existing liabilities at maturity in an orderly manner. A) conservatism B) relevance C) going concern D) materiality assumption implies that a company will continue to use existing resources and 37. Which of the following statements about management control systems is FALSE? A) In designing management control systems, top managers must consider the system's impact on the employee behavior desired by the organization. 8) The management control system should be designed to achieve the best possible alignment between managerial effort and goal congruence C) The design of a management control system should consider the responsibilities of managers and the amount of autonomy they have. D) Profit-center managers always have more decentralized decision-making authority than cost-center managers Answer 38. Wininger Incorporated reported the following information about the production and sale of its only product during the first month of operations: $300 $480,000 5220,000 $200,000 $60,000 580,000 $20,000 $10,000 Selling price per unit Sales Direct materials used Direct labor Variable factory overhead Fixed factory overhead Variable selling and administrative expenses Fixed selling and administrative expenses Ending inventory, Direct Materials Ending inventory, Work-in-process Ending inventory, Finished Goods 0 400 units Under variable costing, the product cost per unit is A) $160 B) $170 C) $200 D) $240