D) Per unit fixed cost and total fixed costs 21 22 23 24 25 26 Assume Liane Co. is using an orption costing system. If production is greater than the company is willingly) which of the following is the A) Operating income will be the same as if a variable costing system was weed B) Operating income will be lower than if a variable costing system was used c) Operating income will be higher than if a variable costing system was used. D) There is not enough information to determine the operating income. 5 20 79 30 31 32 33 34 35 36 37 88 9 6 Which of the following is a cost of not carrying sufficient inventory? A) Transportation charges on a rush order of parts or direct material B) Spoilage on perishable goods JC) Interest on working capital loan D) Municipal taxes on inventory facility Which of the following is NOT a benefit of budgeting? A) It uncovers potential bottlenecks before they occur B) It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts C) It ensures that records comply with generally accepted accounting principles D) It provides benchmarks for evaluating subsequent performance If I wanted to identify efficiency or cost control variances which of the following two reports would I want to compare? A) Static Budget vs Flexible Budget B) Static Budget vs Actual Results c) Flexible Budget vs Actual Results D) Actual Results only 2 7 8 Which of the following costs are always relevant in decision making? A) Variable costs B) Avoidable costs C) Sunk costs D) Fixed costs Question Question 5 Answ