Suppose you are opening a mobile phone and tablet repair kiosk in a mall. Which of the following decisions are you likely to make? (Check all that apply.)

A. Whether to expand to other mall locations

B. What method of advertising you will use

C. Whether to hire employees

D. How much rent you will pay mall owners

E. How to price repair services

Suppose you are opening a mobile phone and tablet repair kiosk in a mall. Which of the examples of information might you find useful? (Check all that apply.)

A. Employee qualifications

B. Rent costs

C. Competitors' prices for similar services

D. Location opportunities

E. Number of individuals visiting the mall

Which of the following concepts are part of the definition of managerial accounting? (Check all that apply.)

A. Auditing the accuracy of information

B. Investigating financial statement fraud

C. Achieving organizational goals

D. Relevant information

Which of the following reflect process costing systems? (Check all that apply.)

A. Used in high-volume settings

B. Allocates costs to products based on quantity

C. Organizes costs by project or engagement

D. Used in custom-product settings

Which of the following reflect job costing systems? (Check all that apply.)

A. Used in high volume settings settings

B. Allocates costs based on quantity

C. Organizes costs by project or engagement

D. Allocates costs based on usage of different resources

Which of the following organizations would likely rely on a process costing system? (Check all that apply.)

A. Custom automobile manufacturer

B. Package delivery service

C. Law firm

D. Manufacturer of socks

Which statements best relate to activity-based costing systems. (Check all that apply.)

A. Activities use resources

B. Designed to increase accuracy of cost information

C. Heavily reliant on general overhead estimates

D. Breaks down overhead into a large number of pools

E. Rely on general estimates of overhead

Penguin Inc. managers are considering replacing the organization's traditional costing system with an activity-based costing system. Which of the following statements apply to this transition? (Check all that apply.)

A. Managers perceive a need for more accurate direct materials and direct labor information.

B. Current overhead estimates are sufficient to facilitate and influence decisions.

C. The new system will have many more categories reflecting overhead costs than the original system.

D. Managers perceive a need for more accurate cost information.

Gina, a manager at Badger Express, is explaining cost behavior to her employees. Which of the following statements is Gina likely to make?

A. "Total variable costs and total fixed costs are linear, regardless of the range of activity being applied.

B. "Mixed costs have both variable and fixed components."

C. "Costs that are classified as variable costs do not change over a given ranges of activity."

D. "Costs that are classified as fixed costs do not change over a given range of activity."

Gopher Inc. produces televisions. Assuming the activity of interest is production volume, which of the following are fixed costs? (Check all that apply.)

A. Manufacturing supervisor salaries

B. Input materials used for each manufactured unit

C. Electricity bills for the production factory

D. Rent paid for production equipment

Sharon owns a restaurant and also caters custom food for special events. Given the various sources and types of costs in her business, which of the following statements represents advice that you would give to Sharon? (Check all that apply.)

A. Process costing might be useful for the restaurant business.

B. Job costing might be useful for the restaurant business.

C. Separating costs into materials, labor, and overhead will help predict future costs.

D. Activity-based costing will simplify the accounting for overhead costs and allow Sharon to rely on estimates.