Part Ones Multiple Choices Conceptual Mint Nanestimating trueremos content By provides information about the provides information that in generally controlled reports information that has occurred in the past that is veritable and the 2) Manase management accounting information A) choose B) communicate implement D) All of these answers are correct 3) Financial account A focuses on the future and includes activities such as preparing news year's getinin rekt B) must comply with CIAAP (generally accepted coming principles Creports include detailed information on the various operating synents of the times wh product lines or departments D) is prepared for the use of department has and other employees 4) Cost assignments A) is always arbitrary B) is includes tricing and allocating C) is the same as cost accumulation D) is finding the difference between budgeted and actual costs 5) Classifying a cost as either direct or indirect depends upons A) the behavior of the cost in response to volume changes B) whether the cost is expensed in the period in which it is incurred C) whether the cost can be easily identified with the cost object D) whether an expenditure is avoidable or not in the future 6) A manufacturing plant produces two product lines: golf equipment and soccer equipment. An example of direct costs for the golf equipment line are: A) beverages provided daily in the plant break room B) monthly lease payments for a specialized piece of equipment needed to manufacture the golf driver C) salaries of the clerical staff that work in the company administrative offices D) utilities paid for the manufacturing plant 7) Which one of the following items is a direct cost? A) Customer-service costs of a multiproduct firm; Product A is the cost object. B) Printing costs incurred for payroll check processing: payroll check processing is the cost object. C) The salary of a maintenance supervisor in a multiproduct manufacturing plant: Product Bis the cost object. D) Utility costs of the administrative offices; the accounting department is the cost object. 8) Which statement is true? A) A direct cost of one cost object cannot be an indirect cost of another cost object. B) All variable costs are direct costs