管理会计Managerialaccounting习题Chapter13.doc

True/False Questions 1. Sunk costs are costs that have proven to be unproductive. Ans:??False AACSB:??Reflective?Thinking AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Medium 2. All costs are avoidable in a decision except sunk costs and future costs that do not differ between the alternatives at hand. Ans:??True AACSB:??Reflective?Thinking AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Easy 3. Consistency demands that a cost that is relevant in one decision be regarded as relevant in other decisions as well. Ans:??False AACSB:??Analytic AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Medium 4. A cost may be relevant for one decision making situation but irrelevant for another situation. Ans:??True AACSB:??Reflective?Thinking AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Easy 5. A future cost that does not vary among alternatives under consideration is irrelevant. Ans:??True AACSB:??Reflective?Thinking AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Easy 6. Opportunity costs represent economic benefits that are forgone as a result of pursuing some course of action. Ans:??True AACSB:??Reflective?Thinking AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Easy 7. An existing asset should not be replaced until its original cost has been fully recovered. Ans:??False AACSB:??Analytic AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting LO:??1 Level:??Medium  8. Fixed costs are irrelevant in decisions about whether a product line should be dropped. Ans:??False AACSB:??Reflective?Thinking AICPA?BB:??Critical?Thinking AICPA?FN:??Decision?Making;?Reporting