True and False questions - Indicate True or False with an X in the appropriate column. (15 marks) Question 1. There is standard approach to developing benefits versus costs in management accounting. 2. Managerial accounting helps companies effectively analyze the tradeoffs of price, cost, quality, and service. 3. Debt cost after tax is the least expensive source of financing. 4. Y = a + bx = Total Variable Costs + (Fixed Costs per Unit x Number of Units). 5. The Y = a + bx formula can be used to develop a forecast for mixed costs. 6. Conversion costs are material and labour costs that are needed to produce a product or service. 7. The break-even point can be defined as the point where total sales revenue is less than total expenses. 8. With fixed costs of $100,000 and a contribution margin ratio of 25%, the break-even point is (a) $133,333 or (b) $400,000. 9. Irrelevant costs are future costs that do not differ among competing decision I True False (a) (b) Activate Windows