True false questions.

Required to provide a rationale for each question.This should be no more than a sentence.

1.A primary goal of managerial accounting is to provide information to managers who make internal operational decisions.

2.Value chain analysis concerns the study of value-producing activities, stretching from basic raw materials to the final consumer of a product or service.

3.An organization's mission is best described as the basic purpose toward which activities are directed.

4.One of the companies to first employ a successful cost leadership strategy was Carnegie Steel Company.

5.Competition among companies normally takes place only on the dimension of price/cost.

6.The decision to use both full-time and part-time employees during the holiday season is an example of a structural cost driver.

7.All costs have at least two cost drivers.

8. Mixed cost behavior pattern is unrelated to unit activity level.

9. The wheels on an automobile are classified as a variable cost with respect to the volume of cars produced in an automobile assembly plant.

10. The depreciation cost for a manufacturing building is an example of a committed fixed cost:

11. The number of units sold is a better independent variable than square feet of all manufacturing facilities in estimating the cost function of a headphone manufacturer.

12. The primary advantage of the high-low method of cost estimation over the least-squares regression method is its Limited data requirements.

13. The high-low method is likely to produce an inaccurate cost estimating equation when the organization has mixed costs.

14. Periods of highest and lowest activity in a scatter diagram are always assumed to be representative of all cost observations.

15. Changes in technology during the period of cost observations should not be a concern in estimating cost.