Blistre Company operates on a contribution margin of 20% and currently has fixed costs of $500,00. Next year, sales are projected to be $3000,000. An advertising campaign is being evaluated that costs an additional $80,000 How much would sales have to increase to justify the additional expenditure? A) $600,000 B) $320,000 C) $400,000 D) $380,000 A budget serves as much as a control tool as a planning tool because _____ A) it helps to evaluate customer needs and feedback B) it is a benchmark against which actual performance can be compared C) it helps to make predictions about the future D) it aids in the coordination and communication among various business functions Which of the following is a guideline used by management accountants to assist in strategic and operational decision making? A) employing a cost-benefit approach B) employing a six sigma approach C) employing a supply chain approach D) employing a regression approach _____ includes banking and short-and long-term financing investments, and cash management. A) Strategic planning B) Controllership C) Risk management D) Treasury management Which of the following reports to the CFO? A) production manager B) treasurer C) distribution manager D) external auditor Long-term financing is an integral part of the _____ function in an organization. A) controller's B) auditor's C) CFO's D) president's An actual cost is _____ A) is anything for which a cost measurement is desired B) is the collection of cost data in some organized way by means of an accounting system C) is the cost incurred D) is a predicted or forecasted cost Budgeted costs are _____ A) the costs incurred last year B) competitor's costs C) planned or forecasted costs D) the costs incurred this year Which of the following factors affect the direct/indirect classification of a cost? A) the design of the operation B) the level of budgeted profit for the next year C) the estimation of time required to complete the order D) the ability to execute an order in the most cost-efficient manner Which of the following statements about the direct/indirect cost classification is true? A) The design of sales target affects the direct/indirect classification. B) Indirect costs are always allocated. C) The direct/indirect classification depends on the cost control measures. D) Indirect costs are always traced