True False Questions QUESTION 100 7575 POINTS 1Acost driver

True /False Questions: QUESTION 100 75-7.5 POINTS 1-Acost driver is a measure of activity or volume level; increases in a cost driver cause variable/total costs to deerease. 2- )A learning curve is the rate at which labor hours per unit decrease as the volume of activity decreases. 3-The decision rule is to accept the special order if Price S Relevant Variable Costs+Relevant Fixed Costs+ Opportunity Cost. 4- (l) Parametric models are used in the early design stages to get an idea of how much the product (or project) will cost, on the basis of a few physical attributes (such as weight, volume, and power). 5- () The breakeven point (BEP) is where total revenues exceeds total costs. 6-() Liquidity, is having enough cash available to pay debts when they are due. 7- () Financing Activities involve activities associated with the course of running a business. 8-() Cost accounting is concerned with internal users of accounting information, such as operation managers. 9-(The contribution margin ratio can be written in terms of total revenues (TR) and total variable costs (TVC). 10-(l) Indirect materials cost: those costs which cannot be conveniently identified with a particular cost unit, process or department.

Solution

Question Answer 1 FALSE 2 FALSE 3 FALSE 4 TRUE 5 FALSE 6 TRUE 7 FALSE 8 TRUE 9 TRUE 10 TRUE