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6. Which of the following is NOT true for fixed manufacturing overhead costs in a standard costing system? A. Any underapplied or overapplied fixed manufacturing

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6. Which of the following is NOT true for fixed manufacturing overhead costs in a standard costing system? A. Any underapplied or overapplied fixed manufacturing overhead is the same as the volume variance. B. No efficiency variance is ever reported. C. Any volume variance is the result of applying fixed manufacturing overhead to products, not the result of poor cost control. D. The budget variance can arise under either a variable product costing system or an absorption product costing system. 7. When the selling division in an internal transfer has unsatisfied demand from outside customers for the product that is being transferred, what is the lowest acceptable transfer price as far as the selling division is concerned? A. The market price charged to outside customers, less any costs saved by transferring internally. B. Variable cost of producing a unit of product C. The full absorption cost of producing a unit of product D. The amount that the purchasing division would have to pay an outside seller to acquire a similar product for its use. 8. Which of the following is the main assumption that is made about managers in general in support of decentralization? A. Managers at the local/divisional level will act in the best interest of the organization. B. Managers at the local/divisional level have access to better information for operational decisions. C. Top managers at corporate headquarters will act in the best interest of the organization. D. Top managers at corporate headquarters have access to better information for operational decisions.. 9. The following costs are relevant to the decision situation cited except: A. the cost of hiring a full-time staff attorney, in a decision to establish an in-house legal department or retain the services of a prominent law firm. B. the remodeling cost of existing office space, in a firm's decision to stay at its current location or move to a new building. C. the cost to enhance West Jet's Web site, in a decision to expand existing service to either Moosonee or Fort Albany D. the long-term salary costs demanded by Dany Heatley (a superstar) and Brendan Bell (an average player) in hockey contract negotiations, in a decision that determines the amounts by which ticket prices must be raised

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