b. Results in fixed manufacturing overhead costs treated as inventory unta C. Re

Question

b. Results in fixed manufacturing overhead costs treated as inventory unta C. Results in higher net operating income than var d. is not required to be used for external reporting e. a& b f. c&d; sold able costing when units produced equal units sold 8. What is the best gauge of long-term profitability of a segment? a. Segment Contribution Margin b. Traceable Fixed Costs Sales d. Segment Margin 9. The fixed portion of a mixed cost represents: a Costs related to actual consumption of the good or service b. Costs that depend on production c. Costs related to the capacity to produce goods or services d. Maximum costs possible Cooper-Hofstadter, LLP is a consulting agency with two divisions, East Coast and West Coast, which it classifies a segments. In what category would you expect to find the two division managers' salaries in a segmented incom statement? 10. a. Direct labor b. Cost of goods sold c. Common fixed costs d. Traceable fixed costs e. None of the above 11. Which of the following is not one of the main inventory accounts on a balance sheet? a. Work in Process b. Raw Materials c. Cost of Goods Sold d. Finished Goods e. All of the above 12. In a beverage producer, if the soda product is our cost object, the syrup used in production is whick a. Direct & Variable b. Direct &Fixed; c. Indirect & Variable d. Indirect &Fixed; Page 2 of 7

Explanation / Answer

7) Option (E) a & b

8) option (d) Segment margin

9) Option (C) costs related to the capacity to produce goods and services

10) Option (d) Traceable fixed costs

11) Option (c) cost of goods sold

12) Option (a) direct and variable

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