TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
41)	Service companies do not have product costs, so they often consider all operating expenses as part of their cost of service.	41) ______

42)

Repair and maintenance costs of vehicles used to deliver products to customers are product costs.

42) ______

43)

The IMA standards of ethical practice require managerial accountants to maintain their professional competence.

43) ______

44)

Most companies structure their organizations along departments or divisions.

44) ______

45)

Freight costs paid to ship raw materials to a company warehouse are considered product costs.

45) ______

46)

If variable costs increase, and all other factors remain the same, the margin of safety will become smaller.

46) ______

47)

The sales required to achieve a target profit can be determined by using the contribution margin, contribution margin ratio, or break even approaches.

47) ______

48)

In a manufacturing company, wages and benefits of assembly line workers are included in manufacturing overhead.

48) ______

49)

The degree of operating leverage is the ratio that measures the effects that variable costs have on operating income when sales volume changes.

49) ______

50)

In a manufacturing company, the salary of the sales staff is an example of a period cost.

50) ______