5. At the end of the accounting period, the balance in the overhead control account must equal which of the following

A. a positive number

B. zero

C. a negative number

D. impossible to determine

4. Failing to stay up to date with new developments in managerial accounting is a violation of which standard of ethical professional practice according to the IMA?

A. Confidentiality

B. Independence

C. Integrity

D. Competence

E. Credibility

F. Objectivity

G. Disclosure

2. Suppose your cell phone company offers a plan under which you buy time per minute. A one-minute call costs you $0.10. If you talk 100 minutes it costs you $10. This is an example of a

A. mixed cost

B. fixed cost

C. step cost

D. variable cost

1. Which of the following is an example of a variable cost for a bicycle manufacturer?

A. Tires

B. Depreciation

C. Insurance

D. Rent