( TCO A ) A cost incurred in the past that is not relevant to any current decision is classified as a ( n ) 3 . Question : ( TCO A ) Depreciation of office buildings and office equipment is also known as 4 . Question : ( TCO A ) When the activity level is expected to increase within the relevant range , what effects would be anticipated with respect to each of the following ? 5 . Question : ( TCO F ) Which of the following statements is true ? I . Overhead application may be made slowly as a job is worked on . II . Overhead application may be made in a single application at the time of completion of the job . III . Overhead application should be made to any job not completed at year end in order to properly value the work in process inventory . 6 . Question : ( TCO F ) A job-order cost system is employed in those situations where 7 . Question : ( TCO F ) The FIFO method only provides a major advantage over the weighted-average method in that 8 . Question : ( TCO B ) The contribution margin ratio always decreases when the 9 . Question : ( TCO B ) Which of the following would not affect the break-even point ? 10 . Question : ( TCO E ) In an income statement prepared using the variable costing method , variable selling and administrative expenses would 1 . Question : ( TCO A ) The following data ( in thousands of dollars ) have been taken from the accounting records of Larop Corporation for the justcompleted year : Sales ................................................................................. $ 910 Purchases of raw materials ................................................