Managerial Accounting Game 4
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Multiple Choice Theory QuestionsChoose the best answer
Topics of this game:
- The cost of a machine purchased last year and used in the production process is called a(n):
- Which of the following would NOT be relevant in a make-or-buy decision?
- Which of the following should NOT be considered for every option in the decision process?
- What is always the question to ask to determine if revenues or costs are relevant?
- Differential cost is: _____
- In the decision to replace an old machine with a new machine, which of the following would be considered a relevant cost?
- The decision to drop or stop a product line should be based on ______
- To maximize total contribution margin, a firm should promote products ______
- Two or more products produced from a common input are termed:____
- In a decision to "sell or process further", a manager should base the decision on _____
- Costs that are always relevant in decision-making are ______
- When making decisions: _____________
- For decision making, a listing of the relevant costs: _____
- Opportunity costs are: _____
- In a "sell or process further decision", which of the following costs are relevant?
