Cost Accounting

10. A value income statement: a. is developed for managerial decision making. b. distinguishes between value-added and nonvalue-added activities. c. is governed by GAAP. d. Both a and b. 11. Which of the following statements is correct? a. A cost object is any end to which a cost is assigned. b. A cost pool is the collection of costs to be assigned to the cost objects. c. A cost flow diagram is a diagram illustrating the cost allocation process. d. All of the above. 12. The annual operating expense of running a copy center is shared by the three departments that use its service: Human resource, Accounting, and Legal. Last year, the copy center incurred $30,000 while HR copied 20,000 pages, Accounting 30,000 pages, and Legal 50,000 pages. What was Accounting department's share of the copy center cost? a. $15,000 b. $6,000 c. $9,000 d. $7,500