7. The format of the income statement that is most useful for managerial decision making purposes is the:

	A.	conventional format
	B.	variable format
	C.	contribution format
	D.	absorption format

QUESTION 8

1. In making a decision to sell a product as is or to process the product further, the sales value of the product at the split-off point may be defined as:

   	A.	a constraint in processing the product further
   	B.	the opportunity cost of selling the product as is
   	C.	the opportunity cost of processing the product further
   	D.	a sunk cost of processing the product further