TRUE/FALSE. Write T if the statement is true and 'F if the statement is false. All questions 2 pts unless otherwise indicated. 1) According to the Institute of Management Accountants' Statement of Ethical Professional Practice management accountants have a duty to refrain from using confidential information for unethical or illegal advantage. management accountants have a duty to communicate information fairly and objectively. 3)Wages paid to production supervisors would be classified as direct labor. 2) According to the Institute of Management Accountants' Statement of Ethical Professional Practice, 4) The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing overhead 5) An increase in the number of units sold will decrease a company's break-even point. 6) Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job. 7) Returm on investment (ROI) equals margin multiplied by sales. 8) The units in beginning work in process inventory plus the units started into production must equal the units transferred out of the department plus the units in ending work in process inventory 9 When used in return on investment (ROI) calculations, turnover equals sales divided by average operating assets. 10) A company manufacturers a single brand of dog food (TOP DOG CHOW but does not produce any product until it gets an order from Dillon's, Wal-mart, or Target; therefore, they are probably using job order rather a process costing system 11) An advantage of using ROI to evaluate performance is that it encourages the manager to reduce the investment in operating assets as well as increase net operating income