Part 1: Multiple Choice:20 Points Managerial Accountants put more emphasis than Financial Accountants on which of the below 1. a. Precision b. Segment Reporting c. Corporate wide reporting d. Past Financial Results 2. In the High-Low Formula, Y- a+ bX, the a represents a. Level of Activity b. Total Mixed Costs Variable Cost per unit of Activity Total Fixed Costs c. d. 3. Executive Salaries is an example of a a. Prime Cost b. Conversion Cost c. Period Cost d. Sunk Cost 4. The Break-Even point on a linear graph is shown when a. Total Fixed Costs equals Total Revenues b. Total Variable Costs equals Total Revenues @ Total Expenses equals Total Revenues d. Total Mixed Cost equals Total Revenues 5. Prime Costs are calculated by which formula b. c d. The sum of DirectMaterials plus Direct Labor Costs The sum of Direct Materials plus Direct Overhead Costs The sum of Direct Materials, Direct Labor and Direct Overhead Costs The sum of Conversion Costs and Opportunity Costs 6. Which of the following causes the incurrence of a variable costs? a. Budget b. Activity Base c. Relevant Range d. Regression Base