Hour timed test ty

8) Last year, Rassel Corporations variable costing net operating $63.200. Fixed manufacturing overhead costs deferred income was inventory under absorption costing amounted to $31.900. What was the absorption costing net operating income last year? A $31.300 B. $95,100 C. $63.200 D. $31,900 9) When using data from a segmented income statement, the dollar sales for the company to break even overall is equal to A (Alocated fixed expenses Traceable fixed expenses) overall cM ratio B. Traceable fixed expenses common fixed expenses) overall CM ratio C. (Non-traceable fixed expenses Common fixed expenses) Overall CM ratio D. ITraceable fixed expenses) Overall CM ratio 10) Managers will often allocate common fixed expenses to business segments because: A this is required by law. B, not allocating these costs will lead to bad decisions. c. they believe this practice that the company's common fixed expenses are covered. will ensure D. they do not want the sum of the business segment margins to equal the net operating income for the company. 11) A national retail company has segmented i income statement by sales territories. If each sales territory statement is furt segmented by individual stores, which of the following wa most likely occur? ented statement will become traceable fixed expenses in the i r A some common fixed expenses in the sales territory r store segmented statement. common fixed expenses in the B, some traceable fixed expenses in the sales territory segmented statement will become store segmented statement. E c. the sum total of the individual stores segment margins in each sales territory will be equal to the segment margin for t c territory. company. c D. the sum total of the sales territory segment margins wil equal the total net operating income for the entire 12) If a cost is a common cost of the segments on a segmented income statement, the cost should: A. be allocated to the segments on the basis of segment sales. B. not be allocated to the segments. C. excluded from the income statement. D. treated as a product cost rather than as a period cost