Using the units-of-production method of depreciation for equipment will generally result in more depreciation expense being recorded over the life of the asset than if the straight-line method had been used.

A flexible budget is a series of static budgets at different levels of activities.

If there were no usury law the interest rate would be _________%.

A) 6
B) 12
C) 18
D) 24
E) 30

All of the following are advantages of standard costs except they

A) facilitate management planning.
B) are useful in setting selling prices.
C) simplify costing in inventories.
D) increase net income.

Which of the following is not an effectiveness criterion for scheduling?

A) minimizing customer waiting time
B) minimizing completion time
C) minimizing WIP inventory
D) maximizing utilization
E) maximizing flow time

A cost that would be included in product costs under both absorption costing and variable costing is:

A) supervisory salaries.
B) factory rent.
C) variable manufacturing costs.
D) variable selling expenses.