I) Just- In-Time (IT) Inventory is an example of Push Accounting. 2) Managerial accounting is not governed by generally accepted accounting principles 3) A line position related to the main objective of the business and would not be the first position impacted by a reduction in employees due to a slowdown in the economy 4) An increase in total fixed expenses will not affect the break-even point so long as the 5) A company with sales of $80,000 and variable expenses of $40,000 should increase T F contribution margin ratio remains unchanged. advertising by $9,500 if sales increase by $20,000. 6) Contribution margin equals revenue minus all variable costs. 7) The traditional income statement is used for external reporting not the contribution margin income statement. 8) One way to compute the total contribution margin is to add total fixed expenses to net income. T F 9) Direct costs: A) are B) are incurred due to a specific decision. C) can be easily traced to a particular cost object. D) are the variable costs of producing a product. incurred to benefit a particular accounting period. 0) Which of the following would most likely NOT be included as manufacturing overhead in a rniture factory? The cost of the glue in a chair. The amount paid to the individual who stains a chair. he workman's compensation insurance of the supervisor who oversees production. The factory utilities of the department in which production takes place