1. What is a hurdle rate?

2. Manufacturing costs typically consist of ...?

3. Which of the following is not considered to be an appropriate form of finance for capital investment projects?

4. Which of the following bases is more an activity-based cost driver rather than a volume based cost driver in relation to applying overheads?

5. A company can accelerate its cash receipts by all of the following except:

6. Which of the following specifically describes an 'expense' rather than a 'cost'?

7. Which of the following bases is a volume-based cost driver in relation to applying overheads?

8. True or False: While depreciation does not result in a payment of cash

9. In throughput accounting if the sale is 100

10. In a manufacturing overhead variance

11. Which of the following reports would be a produced under the management accounting function rather than the financial accounting function?

12. A budget where past information is not considered relevant for future decisions

13. The profit center's revenues and expenses are held separate from the main company's in order to determine their profitability?

14. True or False: In variable costing

15. Which of the following is the best example of discretionary cost?

16. True or False: Selling expenses should be allocated to the cost of goods sold for external financial reporting.

17. A company wishes to evaluate a division which has the following extracts from income statement and statement of financial position. Income statement: $???000 Sales 500 Gross profit 200 Net profit 120 Statement of financial position: $???000 Non current assets 750 Current assets 350 Current liabilities (450) Net assets 650 What is the residual income for the division if the company has a cost of capital of 18%?

18. Sunk cost is best defined as...

19. Which of the following is NOT a type of internal benchmark?

20. True or False: Setup cost is an example of a batch-level cost.

21. True or False: Depreciation Expense can be ignored when computing the accounting rate of return.

22. Break-even analysis assumes that over the relevant range:

23. The contribution margin (CM) is calculated by deducting all the .................... costs from sales?

24. The break-even point is the level of sales that ....?

25. NIFO (Next-In First-Out) is an inventory valuation system where the cost of sale of the item is based on ...?