Question 1 (2 points) Listen Common fixed costs should be charged to the individual segments when preparing a segmented income statement. True False Question 2 (2 points) Listen Opportunity costs represent economic benefits that are forgone as a result of pursuing some course of action. True False Question 3 (2 points) Listen On a cash budget, the total amount of budgeted cash payments for manufacturing overhead should include any amounts for depreciation on factory equipment. True False Question 4 (2 points) Listen The variable overhead efficiency variance is a good indicator of how efficiently overhead resources were used. True False Question 5 (2 points) Listen In preference decision situations, a project with a lower net present value may be preferable to a project with a higher net present value. True False Question 6 (2 points) Listen The manufacturing overhead budget lists all costs of production other than selling and administrative expenses. True False Question 7 (2 points) Listen When a company has a production constraint, total contribution margin will be maximized by emphasizing the products with the highest contribution margin per unit of the constrained resource. True False Question 8 (2 points) Listen Residual income provides a meaningful way to compare the performance of divisions of different sizes. True False Question 9 (2 points) 4) Listen When viewed over the long term, accumulated net operating income will be the same for variable and absorption costing if there are no ending inventories at the end of the term. True False Question 10 (2 points) Listen The standard price per unit for direct materials should reflect the final, delivered cost of the materials. True False