8 A form prepared periodically for each processing department summarizing (1) the units for which the department is accountable and the units to be assigned costs and (2) the costs charged to the department and the allocation of these costs is termed a A. factory overhead production report B. cost of production report C. manufacturing cost report D. process cost report Bonds that are subject to retirement at a stated dollar amount prior to maturity at the option of the issuer are A. Debentures B. Options C. Callable bonds D. Early retirement bonds 10 In process cost accounting, the costs of direct materials and direct labor are charged directly to: A. Service departments B. Job orders C. Process departments D. Customer accounts receivable Which one of the following will not be found on the balance sheet of a manufacturing con mpany? A. cost of goods sold B finished goods C. materials D. work in process 12 Direct labor and direct materials are classified as A. product costs and expensed when the goods are sold B. period costs and expensed when the goods are C, product costs and expensed when incurred D. period costs and expensed when incurred 13.--which of the following represents an inflow of cash and therefore would be reported on the statement of cash owsWhich A. retirement of bond puyable B. issuance of long-term deb C. acquisition of treasury stock D. declaration of stock dividends 14. Managerial accounting A. is prepared according to GAAP. B. is related to the entire business entity only C. is prepared according to management needs. D. is prepared periodically only 15 The materials requisition is used to release materials from the storeroom to the factory B. record and electronically transmit materials data in place ofa receiving report C. release finished goods to the shipping department D. record the acquisition of materials from a vendor Page 2 of 5