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(A) Direct materials, direct labor, and manufacturing overhead.
(B) Production and shipping costs.
(C) Production and marketing costs.
(D) Direct materials, direct labor, marketing and administrative costs.

(A) Managerial accountants prepare the financial statements for an organization.
(B) Managerial accountants facilitate the decision-making process within an organization.
(C) Managerial accountants make the key decisions within an organization.
(D) Managerial accountants are primarily information collectors.

(A) It is a useful long-term planning technique.
(B) It assumes that fixed costs remain fixed over relevant activity ranges.
(C) It assumes that other costs vary in proportion to activity.
(D) It assumes that costs can be classified as variable or fixed.

(A) Choose the option which gives the highest unit profit.
(B) Choose the option which gives the highest unit contribution.
(C) Aim to achieve a balance of activities covering all of the options.
(D) Choose the option which gives highest contribution per unit of limiting factor.

(A) The level of activity at which the business operates most economically.
(B) The level of activity at which the business makes neither a profit nor a loss.
(C) The fixed costs are lowest.
(D) The variable cost per unit is minimized.

(A) The actual amount of profit made per unit.
(B) The budgeted profit per unit.
(C) The amount of profit which goes towards meeting the overheads of the business.
(D) The difference between sales revenue and variable costs per unit.

(A) One which varies in proportion to the level of fixed cost incurred.
(B) One which tends to vary with the level of activity.
(C) One which changes over time.
(D) One which cannot be estimated with any great degree of accuracy.

(A) Debited to the company profit and loss account.
(B) Credited to the company profit and loss account.
(C) Carried forward to the next accounting period as a cost saving.
(D) Used to reduce next period‘s overhead recovery rate.