University:
California State University, Northridge
Course:
ACCT 465 | Advanced Auditing
Academic year:

2019
Views:

496

Pages:

2
Author:

Prince Sampson

Variable costs are always relevant costs in decisions. Select one: True False Opportunity costs represent costs that can be reduced by effective management of operations. Select one: True False Fixed costs are sunk costs. Select one: True False The split-off point in a process that produces joint products is the point in the manufacturing process at which the joint products can be recognized as separate products. Select one: True False Future costs that do not differ between the alternatives in a decision are avoidable costs. Select one: True False Sunk costs are never relevant in decision making. Select one: True False Future costs that do differ among the alternatives are not relevant in a decision. Select one: True False A cost that can be avoided by choosing one alternative over another is relevant for decision purposes. Select one: True False Consistency demands that a cost that is relevant in one decision be regarded as relevant in other decisions as well. Select one: True False Sunk costs and future costs that do not differ between the alternatives may or may not be relevant in a decision. Select one: True False