the wo rd " TRUE" lí the statemen it is correct and write the word TALSI statemen is not correct. I Variable Costis a cost that changes in direct oroportion to changes in the cost dr 2 ibution margin is the difference of sales revenue and all variable costs. 3 BEP is determined by the intersection of the total revenue line and the tota exoense line. 4 Margin of Safety MOS is planned sales minus BEP unit sales 5 Breakever point is the level of out put where total revenues equal total costs PART II Matching 6 master budget B 7) Permanent cost A) Flexible budget 8) above BEP B) overall budeet C) profit D) Fixed Cost PART III CHOOSE THE BEST ANSWER FROM THE GIVEN ALLTERNA TIVE MUI TIPLE CHOICE cvp Analysis:is one of the most powerful tools that managers have at their command A True B/ False C/Both D/ All 10) All costs are considered relevant except A sunk cost B fixed cost C/ variable cost D/all 10 particular decision situation,the manager's approach to cost analysi s are N Eliminate sunk cost B material cost C labor cost D/ All in Steps in the Decision Making Process are A Design organization B/specify the criterionC A and F 3 D/All 12) is examining shifts in costs and volume and their resulting effects on profit. A' CVP B'CM CI BEP D/ALL PART IV : SHORT ANSWER How CVP Analysis: is one of the most powerful tools that managers have at their com 14 List and define accounting for responsibility center. __

Question

the wo rd " TRUE" lí the statemen it is correct and write the word TALSI statemen is not correct. I Variable Costis a cost that changes in direct oroportion to changes in the cost dr 2 ibution margin is the difference of sales revenue and all variable costs. 3 BEP is determined by the intersection of the total revenue line and the tota exoense line. 4 Margin of Safety MOS is planned sales minus BEP unit sales 5 Breakever point is the level of out put where total revenues equal total costs PART II Matching 6 master budget B 7) Permanent cost A) Flexible budget 8) above BEP B) overall budeet C) profit D) Fixed Cost PART III CHOOSE THE BEST ANSWER FROM THE GIVEN ALLTERNA TIVE MUI TIPLE CHOICE cvp Analysis:is one of the most powerful tools that managers have at their command A True B/ False C/Both D/ All 10) All costs are considered relevant except A sunk cost B fixed cost C/ variable cost D/all 10 particular decision situation,the manager's approach to cost analysi s are N Eliminate sunk cost B material cost C labor cost D/ All in Steps in the Decision Making Process are A Design organization B/specify the criterionC A and F 3 D/All 12) is examining shifts in costs and volume and their resulting effects on profit. A' CVP B'CM CI BEP D/ALL PART IV : SHORT ANSWER How CVP Analysis: is one of the most powerful tools that managers have at their com 14 List and define accounting for responsibility center. __

Answer 1

1. TRUE2. TRUE3. TRUE4. FALSE (Margin of Safety (MOS) is the difference between actual sales and break-even sales.)5. TRUEPART II Matching6. B) overall budget7. A) Flexible budget8. C) profitPART III CHOOSE THE BEST ANSWER FROM GIVEN ALTERNATIVE MULTIPLE CHOICE9. A) True10. A) sunk cost11. B) material cost12. D) All13. CVP Analysis is one of the most powerful tools that managers have at their command because it helps in understanding the relationship between cost, volume, and profit. It allows managers to make informed decisions regarding pricing, product mix, and resource allocation.14. Accounting for responsibility centers refers to the practice of assigning specific costs and revenues to individual managers or departments based on their level of responsibility. This allows for better performance evaluation and accountability. Examples of responsibility centers include cost centers (departments that only incur costs), revenue centers (departments that generate revenue), profit centers (departments that have both revenue and cost responsibilities), and investment centers (departments that have responsibility for revenues, costs, and investments).

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