True or False: "Variable" costing, with regards to inventory valuation, allows fixed manufacturing overhead costs incurred by a company to be assigned to inventory, but does not allow variable non-manufacturing costs to be assigned to inventory. True False Question 38 (1 point) True or False: "Absorption" costing, with regards to inventory valuation, does not permit non-manufacturing fixed costs to be assigned to inventory True False Question 39 (1 point) "Management Accounting" is mainly concerned with all the listed answers are correct providing managers with the information they need to run their departments maintaining the accuracy of the accounting system (example: General Ledger) preparing the 4 Financial Statements True or false: All else being equal, by working to increase production capacity of currently owned fixed assets, managers will be able to lower their unit cost of production, provided "cost/benefit" guidelines are followed. True False Question 41 (1 point) True or False: Advancements in technology give companies the ability to more accurately track costs, and thus turn costs that were originally classified as "direct" into "indirect". True False Question 42 (1 point) True or false: In "CVP" analysis, when analyzing whether to replace an existing machine with a new unit, the original purchase price of the exiting unit is "relevant" given it will be used to forecast future variable costs. True False True or False: "Pro forma statements" provide historical information and include the income statement, balance sheet and statement of cash flows. True False Question 45 (1 point) True or False: "Management Accounting" requires its reports to follow GAAP (IFRS/ASPE) reporting requirements. True False Question 46 (1 point) Budgets help managers to All of the listed answers are correct Set targets for employee motivational purposes Plan future operations for their areas of responsibility Communicate their department's objectives/plans to other departments within the organization