Please answer all the questions.

Question 5 (2 points) Saved Which of the following is true of financial accounting? Financial accounting reports are internal reports issued as frequently as the need arises. Financial accounting reports provide special purpose information for a particular user for a specific decision. Financial accounting reports must be prepared according to GAAP. Financial accounting reports never require an independent audit. Question 6 (2 points) Saved Total Manufacturing Costs on the Cost of Goods Manufactured Schedule are cost of goods worked on during the period. cost of goods finished during the period. costs added to the production process during the period. cost of goods sold during the period. Question 7 (2 points) Saved Depreciation expense on factory equipment is a manufacturing overhead cost. direct materials cost. prime cost. O period cost. Question 8 (2 points) Saved Which of the following is true of managerial accounting? The primary users of managerial accounting reports are external users. Managerial accounting reports are classified financial statements issued quarterly and annually. Managerial accounting reports provide special purpose information for a particular user for a specific decision. Managerial accounting reports must be prepared according to GAAP. Which of the following is the correct way to compute the predetermined manufacturing overhead rate? estimated annual overhead dollars divided by expected annual operating activity O actual annual overhead dollars divided by actual annual operating activity estimated annual overhead dollars divided by actual annual operating activity actual annual overhead dollars divided by expected annual operating activity