Name: _Class: Date: Cont_430 Second Part First Evaluation (Test) Indicate whether the statement is true or false. _ 1. In the equation to determine the number of units that must be sold to earn a target income, targeted income subtracted from fixed expense in the numerator. a. True b. False 2. If fixed costs increase, the break-even point decreases. a. True b. False - 3. Managerial accounting information is not important for not-for-profit organizations a. True b. False 4. To find the number of units to sell to earn a targeted income, it is acceptable to simply adjust the break-even equation by adding target income to the variable cost. a. True b. False 5. The process of choosing among competing alternatives is decision making. a. True b. False 6. Common fixed expenses are the fixed costs that are traceable to the segments and would be avoided if the segment did not exist. a. True b. False 7. Management accounting information is only used by manufacturing organizations. a. True b. False 8. Managerial accounting has its emphasis on the future. a. True b. False 9. It is possible to calculate the break-even point for individual products in a multiple product firm by separating common and direct fixed expenses. a. True b. False -- 10. Managerial Accounting is designed primarily for internal users. a. True b. False