Reference no: EM131749619

1. A job cost sheet is useful for developing financial accounting numbers but does not contain information that is useful for managing the production process.

Select one:
TrueFalse

2. A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000.
The break-even point in units is:
Select one: a. 5,158. b. 7,000. c. 8,167. d. 14,000. e. 19,600.

3. Standard costs can serve as a basis for evaluating actual performance.
Select one: True False