管理会计双语课程习题chapter_2.docx

CH02 COST MANAGEMENT CONCEPTS AND COST BEHAVIOR TRUE/FALSE There is no single definition of cost. True False The role of the management accountant is to tailor the cost calculation to fit the current decision situation. True False A cost that is useful for one decision may not be useful information for another decision. True False In most organizations, managing nonmanufacturing costs as well as manufacturing costs is important for financial success. True False The cost of a customized machine only used in the production of a single product would be classified as a direct cost. True False The wages of a plant supervisor would be classified as a period cost. True False The classification of product and period costs is particularly valuable in management accounting. True False For external reporting, generally accepted accounting principles require that costs be classified as either flexible or capacity-related costs. True False Knowing whether a cost is a period or a product cost helps to estimate total cost at a new level of activity. True False Flexible costs are always direct costs. True False Capacity-related costs vary with the level of production or sales volume. True False Currently, most personnel costs are classified as capacity-related costs. True False Some capacity-related costs might be classified as direct manufacturing costs. True False Capacity-related costs depend on the resources used, not the resources acquired. True False Break-even point is NOT an important concept since the goal of business is to make a profit. True False To perform cost-volume-profit analysis, a company must be able to separate costs into capacity-related and flexible components. True False Cost-volume-profit analysis may be used for single-product and multiproduct analysis. True False Selling price per unit is $30, flexible cost per unit is $15, and capacity-related cost per unit is $10. When this company operates above the break-even point, the sale of one more unit will inc