1. Which of the following is not a part of Managerial (Cost) Accounting process?

   	A.	influencing external parties' decisions
   	B.	communicating information to interested users
   	C.	identifying transactions or events
   	D.	analyzing and interpreting the effects of events or transactions

3 points

QUESTION 4

1. Which of the following is true of planning?

   	A.	Feedback is an important part of control.
   	B.	This process does not involve decision making.
   	C.	There is no information needed in contol.
   	D.	In this process, goals are set and the means to achieve the goals is figured out.

3 points

QUESTION 5

1. When a companys production level increases:

   	A.	Fixed cost per unit will increase.
   	B.	Variable cost per unit will stay the same.
   	C.	Fixed cost in total will decrease.
   	D.	Variable cost in total will stay the same.

3 points

QUESTION 6

1. A company has many machines. The company has to determine how many machines will be serviced. For every 10 machines, one outside maintenance service call is needed (one service call costs $3,000). With respect to the number of machines serviced, the maintenance cost is a:

   	A.	Step cost
   	B.	Mixed cost
   	C.	Fixed cost
   	D.	Variable cost