1. Which decision uses a segmented income statement? A. Special-order B. Make-or-buy C. Keep-or-drop D. Sell-or-process further -. Segment margin is equal to segment sales revenue minus A. variable cost of goods sold, total selling expense, and direct fixed costs B. variable cost of goods sold, variable selling expense, and common fixed costs. C. variable cost of goods sold, variable selling expense, and direct fixed costs. D. variable cost of goods sold, variable selling expense, total administrative expense, and direct fixed costs. All of the following are true regarding a performance report except: A. can use a static budget. B. can use a before-the-fact flexible budget. C. can use an after-the-fact flexible budget. D. can use a master budget. E. none of the above. 3. 4. Depreciation of equipment is an example of a(n) A. relevant cost. B. opportunity cost. C. sunk cost. D. variable cost. . Future costs that differ across alternatives are -- A. opportunity costs. B. sunk costs. C. relevant costs. D. variable costs. E. product costs. 6. In a sell-or-process further decision, A. joint costs are always relevant. B. total costs of joint processing and further processing are relevant. C. all costs incurred prior to the split-off point are relevant. D. the most profitable outcome may be to further process some separately identifiable products beyond the split-off point, but sell others at the split-off point E. None of the above