Question 11 True or False - Key tips given: All sales and variable costs per unit need to be multiplied by units, Fixed costs remain the same and are not multiplied by units True False A Moving to another question will save this response. sponse Qu Question 12 4 pc Cost-Volume-Profit (CVP) analysis can help with all but the following O A. How many units must we sell for a profit? O B. At what dollar sales volume will we break even? OC. What happens to profit if we increase selling price? OD.CVP Helps with all of the above Question 13 The total contribution margin at the break-even point: A. Equals total fixed costs B. Is zero C. Is greater than total variable costs D. Plus total fixed costs equal total revenues B OC Question 14 The three analyses that comprise strategic cost management include each of the following except: A. Ratio analysis B. Cost driver analysis C. Strategic position analysis D. Value chain analysis OB Question 15 The process of selecting strategies to achieve goals is often referred to as: A. Controlling B. Organizing C. Motivating D. Planning OB OD Question 16 This is an organizational cost driver for a discount department store chain: A. The decision to price lower than a key competitor B. The decision to rearrange merchandise within a store C. The decision to issue a purchase order for raw materials D. The decision to sale product globally versus only domestically OB OC OD Question 17 The process of making the organization into a well-ordered whole is referred to as: A. Organizing B. Controlling C. Motivating D. Planning B OC OD Question 18 4 Financial accounting information is least useful in providing: A. Aggregate information about an organization's assets, obligations and performance B. Information for stating corporate wide goals C. Information for internal decision makers D. Periodic reports for shareholders OB U OD Question 19 Which of the following phrases is most descriptive of financial accounting? A. May measure time or customer satisfaction B. Future oriented C. Subject to cost-benefit analysis D. Highly aggregated statements B Question 20 4 poir In order to be useful to managers, management accounting reports: A. Should be prepared according to the stated Institute of Management Accounting guidelines B. Should be prepared according to Generally Accepted Accounting Principals C. Should be prepared to meet the specific needs of decision makers D. Should not be prepared prior to the end of a fiscal reporting period B OC OD Moving to another question will save this response. Question 21 4 poir Using the data, answer the following questions Total Units Total Costs 2,000 20,000 800 14,000 What is the total variable cost at 800 units 25,000 O 4,000 5,000 O 22,500 Ex.edu/webapps/assessment/take/take.jsp?course assessment_id=_15819E Maps Translate Question Completion Status: Question 22 Identify the costs as variable, mixed or fixed Units Sales 5000 10000 Cost of Goods Sold Wages and Benefits Delivery Fee Rent Depreciation Utilities Supplies Administrative Costs 10000 4250 1250 1200 600 500 150 1300 20000 4500 2500 1200 600 600 200 1300 A. Variable Cost of Goods Sold and Delivery Fee B. Mixed Wages & Benefits C. Fixed Utilities Supplies Rent Depreciation Utility Cost Us and Thom.docx Holding onto a....docx 14 tv Question 23 Using the data, answer the following questions Total Units Total Costs 2,000 20,000 800 14,000 What is the total variable cost at 2,000 units? A. 10,000 B. 25,000 O C. 12,500 D.22,500 A Moving to another question will save this response. Question 24 Total variable cost = Variable cost per unit * number of units O True O False A Moving to another question will save this response. A Click Submit to complete this assessment. Question 25 Total cost = Total variable cost + fixed cost True O False A Click Submit to complete this assessment
