6. Financial accounting information is least useful in providing: a. information for stating corporate wide...
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Accounting
6. Financial accounting information is least useful in providing: a. information for stating corporate wide goals. b. infomation for internal decision makers. c. periodic reports for shareholders. d. aggregate in fomation about an organization's assets, obligations and performance. 7. Sunk costs are a. future costs that have no benefit. b. relevant costs that have only shon-run benefits. c. target costs. d. cannot be avoided. 8. Which one of the following sentences about step costs is true? a. Step costs increase with each additional unit produced. b. Step costs have no relation to number of units produced. c. Step costs are constant within certain ranges of activity but differ outside those ranges of activity d. Step costs are variable within narrowly defined ranges of activity, but constant over wider ranges of activity. 9. Which of the following is an example of a possible cost object? a. a product b. a customer a department d. All of these could be possible cost objects. c 10. Which of the following costs incurred by a furniture manufacturer would be a product cost? a. lumber b. office salaries c. commissions paid to sales staff d. controller's salary
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