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Acg 4

Standard cost serve as a device for measuring efficiency
True
The difference between the standard cost of product and its actual cost is called a variance.
True
A cost that will not be affected by later decisions is termed a sunk cost
True
Developing a retaining quality managers is an advantage of the decentralization
True
Some organizations use internal service department to provide services to several divisions or departments within an organization. Which of the following would probably not lend itself as a service department?
A.payroll accounting
B.information systems
C.inventory control
D.human resources
C. Inventory control
Periodic comparisons between planned objectives and actual performance are reported in:
A.Master budgets
B.zero base reports
C.budgets
D.budget performance reports
D.budget performance reports
Which of the following would be most effective in a small owner/manager operated business?
A.investment centers
B.profit centers
C.Centralization
D.cost centers
C.centralization
The following is a measure of managers performance working in a cost center.
A.rate of return residual income measures
B.divisional income statement
C.budget performance report
D.balance sheet.
C.Budget performance report
Which of the following conditions normally would not indicate that standard cost should be revised?
A.actual cost differed from standard cost for the preceding week
B.The engineering department has advised product specifications in responding to customer suggestions
C.The world price of raw materials increased
D.The company has signed a new union contract which increases the factory wages on average by $5.00 an hour
A
The amount of increase or decrease in revenue that is expected from A particular course of action as compared with an alternative is termed:
A.manufacturing margin
B.differential revenue
C.contribution margin
D.differential cost
B.

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