An increase in an organization's fixed costs will result in a lower margin of safety, assuming all other costs and sales remain unchanged. True or False

Variable marketing and administrative costs are included in determining full absorption costs. true or false

The value chain is comprised of the activities that take place only during the production process. true or false

The value chain comprises activities from research and development through the production process, but does not include activities related to the distribution of products or services. True or False

Cost information itself is a product with its own customers. True or False

A responsibility center can be a department, division, or segment, but not a subsidiary of the parent company. True or False

Managers are usually responsible for the revenues needed to achieve the targets set during the budgeting process, but not resources consumed to achieve those targets. True or False

A cost can be considered a differential cost for one particular course of action but not for another course of action. True or False

Cost accounting information developed for managers to use in making decisions must comply with generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). True or False