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1 Accounting designed to meet the needs of decision makers inside the business is answered Points out of Select one: a. general accounting b. financial accounting g C c. managerial accountin d external accounting 2 st bavaich oualities in order to be c Question 2 Materials must have which two qualities in order to be classified as direct materials? Not yet answered Points out of Select one: 2.00 a. They must be classified as both prime costs and conversion costs. P Flag question b. They must be introduced into the process in both work- in-process inventories and finished goods inventories. c. They must be an integral part of the finished product, but can be an insignificant portion of the total product cost. d. They must be an integral part of the finished product and be a significant portion of the total product cost. Period costs indude Not yet answered Select one: Points out of O a current assets on the balance sheet 2.00 b. current liabilities on the balance sheet question c operating costs that are shown on the income statement when products are sold d. operating costs that are shown on the income statement in the period in which they are incurred USSELL'S Il ONLINE question 4 Another term for factory overhead is answered ORT Select one Points out of a. surplus 2.00 b. period cost INANCIAL question NALYSIS c. supervisory cost d. factory burden 5:48 PM 515/2019 5 What term refers to the cost of changing direct materials into a finished manufactured product? Not yet 60 answered Points out of Select one: 0 a. factory overhead cost question O b. period cost c. conversion cost d. direct labor cost USSELL'S 112: 6 Which of the following manufacturing costs is an indirect cost producing a product? II ONLINE answered RT Points out of Select one: a. oil lubricants used for factory machinery NANCIAL NALYSIS question commissions for sales personnel hourly wages of an assembly worker d. memory chips for a microcomputer manufacturen ONG- 5:48