TRUE/FALSE (2 points each) Indcare whether ruch of the following statements is wear or false. Record an A on your scantron Or The ' and a Boy 'Fale' ABC b particularly weful when product Ines inc diverse and differ in manufacturing complexity. 2. Denny's and Bob Evans both openite in the restaurant industry and have a recum on sales (ROS) of 12%6. Denny's fixed costs over total costs is 15%% while Bob's fixed costs over total costs is 35%- Both fins expect a 12%% drop in revenue in 2009. Denny's is expected to have a higher 2009 ROS chan Bob 3. A fivorble Labor Efficiency Variance is a sign that a firm's workforce is either lazy or poorly Gained. 4. In 2007, Sunoco invested in upgrading their gas station to include credit card readers at all pumps and larger roof overbangs. Such upgrades penended an increase in sales, but also increased depreciation expense. Such upgrades would not change Sunoco's contribution margin percentage. "Activities" for in ABC system for Chase bank would include items like () number of tellers, (by number of ATM machines, (of number of customer, and (d) number of branches. 6." Drop So has all software engineers, all solaried, all paid the some, and they complete a biweekly time sheet noting hours worked. They have two division and $2.5m in fixed overhead. Given Drop lo's business it would NOT matter if they allocate overhead based on direct labors of direct labor hours. 7. BORA is part of indirect product costs. 4. In 2007, Southwest airlines signed a long-term contract with BP Petroleum to purchase an unlimited amount of jet fuel for their own planes at $2 195 a gallon for 24 months. This contract would mean that Southwest would have no material price variance for jet fuel for 2008. 1. Starting in 2007, most US airlines started to missess a $25 fuel charge fee in addition to the regular cost of the plane ticket. The $25 fee was to offset the com of increasing jet ford prices. For accounting purposes, this $15 fee would be a reduction in COGS, more specifically, a reduction in Direct Milerisk 10. The Titanic hit an iceberg and sank. In deciding whether or not to salvage the ship, its book value is a relevant cost