Solution Manual for Introduction to Managerial Accounting 7th Canadian Edition by Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan.pdf

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een Test Bank. Download:
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SOLUTIONS MANUAL for Introduction to Managerial Accounting 7th E
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dition by Peter Brewer, Ray Garrison, Eric Noreen. Completed downl
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oad:
https://testbankarea.com/download/introduction-managerial-accounting-
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Chapter 01 M m m




anagerial Accounting and Cost Concepts
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Truem/mFalsemQuestions



1. Selling mcosts mcanmbemeithermdirect mormindirect mcost
s.


True False


2. Amdirect mcost mismamcost mthat mcannot mbemeasily mtraced mto mthemparticularmcostmobject mu
ndermconsideration.


True False




1-1

,IntroductionmTomManagerialmAccountingm7thmEdition mTest mBankmbymPetermBrewer,m
Ray
Garrison,mEricmNoreen
3. Property mtaxes mand minsurancempremiums mpaid monmamfactory mbuilding maremexamples mof mperiod mco
sts.


True False


4. Conversionmcost mequals mproduct mcost mlessmdirect mlabormco
st.


True False


5. Thread mthat mis mused minmthemproductionmofmmattresses mis manmindirect mmaterialmthat mis mthere
f oremclassif ied mas mmanuf acturing moverhead.


True False


6. Direct mlabormis mampart mof mprimemcost, mbut mnotmconversionmco
st.


True False


7. Conversionmcost mis mthemsummofmdirect mlabormcost mand mdirect mmaterials mc
ost.


True False


8. Direct mmaterialmcosts maremgenerally mf ixed mcost
s.


True False


9. Product mcostsmaremrecorded mas mexpenses minmthemperiod minmwhichmthemrelated mproductsmarems
old.


True False


10. Depreciationmonmmanuf acturing mequipment mis mamproduct mcos
t.


True False




1-2

,IntroductionmTomManagerialmAccountingm7thmEdition mTest mBankmbymPetermBrewer,m
Ray
Garrison,mEricmNoreen
11. Manuf acturing msalaries mand mwages mincurred minmthemf actory maremperiod mcost
s.


True False




1-3

, IntroductionmTomManagerialmAccountingm7thmEdition mTest mBankmbymPetermBrewer,m
Ray
Garrison,mEricmNoreen
12. Depreciationmonmof f icemequipment mwould mbemincluded minmproduct mcost
s.


True False


13. Rent monmamf actory mbuilding mused minmthemproductionmprocess mwould mbemclassified mas mamproductm
cost mand mas mamf ixed mcost.


True False


14. Amf ixed mcost mremains mconstant mif mexpressed monmamunit mbas
is.


True False


15. Totalmvariablemcost mis mexpected mtomremainmunchanged mas mactivitymchanges mwithinmthemrelev
ant mrange.


True False


16. Country mCharmmRestaurant mis mopenm24mhours mamday mand malways mhas mamf iremgoing minmthemfirepla
ceminmthemmiddlemof mitsmdining marea. mThemcost mofmthemfirewood mformthis mfiremis mfixed mwithmrespect
m to mthemnumbermof mmeals mserved mat mthemrestaurant.


True False


17. Committed mf ixed mcosts mrepresent morganizationalminvestments mwithmammulti-
yearmplanning mhorizonmthat mcan't mbemsignif icantly mreduced mevenmf ormshort mperiods.


True False


18. Commissions mpaid mto msalespersons maremamvariablemselling mexpens
e.


True False




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