1)Costs which are always relevant in decision making are those costs which are: ...
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Accounting
1)Costs which are always relevant in decision making are those costs which are:
a.
sunk.
b.
avoidable.
c.
variable.
d.
fixed.
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2) A labor efficiency variance resulting from the use of poor quality materials should be charged to:
a.
the production manager.
b.
manufacturing overhead.
c.
the industrial engineering department.
d.
the purchasing agent.
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3) The Gomez Corporation is considering two projects, T and V. The following information has been gathered on these projects:
Project T Project V
Initial Investment Needed $112,500 $75,000
Present Value of Future Cash Inflows $168,000 $107,000
Useful Life 10 year 10 years Based on this information, which of the following statements is (are) true? I. Project T has the highest ranking according to the project profitability index criterion. II. Project V has the highest ranking according to the net present value criterion.
a.
Both I and II
b.
Neither I nor II
c.
Only II
d.
Only I
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