the statement or answers the quesab. MULTIPLE CHOICE. Choose the one alternative that best completes 1) 1) Which of the following statements about managerial accountants is false? A) Managerial accountants often are part of cross-functional teams. B) In a number of companies, managerial accountants make significant business decisions and resolve operating problems O) The role of managerial accountants has changed considerably over the past decade. D) An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments E) Managerial accountants more and more are considered "business partners." 2) 2) Which of the following statements is true? A) Cost data, once classified and recorded for a specific application, are appropriate for use in any application. B) The word "cost" has the same meaning in all situations in which it is used. C) Different cost concepts and classifications are used for different purposes. D) Costs incurred in one year are always meaningful in the following year. E) All organizations incur the same types of costs. 3) Which of the following would not be classified as a product cost? 3) A) Indirect materials B) Sales bonuses for meeting quota sales. C) Direct labor D) Direct materials. E) Insurance on a manufacturing plant 4) The accounting records of Dixon Company revealed the following costs: direct materials 4) used, $250,000; direct labor, $425,000; manufacturing overhead, $375,000; and selling and administrative expenses, $220,000. Dixon's product costs total: A) $1,270,000 B) $1,050,000 C) $895,000 D) $830,000. E) None of the answers is correct. 5) Which of the following is a period cost? A) Indirect labor. 8) Miscellaneous supplies used in production activities. C) Factory foreman salary for the motor production line. D) Advertising expense E) Direct material