please answer the following questions

D Question 1 2 pts A company sells goods for $150,000 that cost $60,000 to manufacture. Which statementis) are true? O The company will recognize sales on the balance sheet of $150,000. O The company will recognize $90,000 gross profit on the balance sheet O The company will decrease finished goods by OAll of these are true. Question 2 2 pts The cost of a manufactured product generally consists of which of the following O Direct materials cost and factory overheard O Direct labor cost and factory overhead cost O Direct labor cost, direct materials cost, and factory overhead cost O Direct materials cost and direct labor cost D Question 3 2 pts Prime costs are O direct materials and factory overhead O direct materials and direct labor O direct labor and factory overhead O period costs and factory overhead D Question 4 2 pts In order to be useful to managers, management accounting reports should possess all of the following characteristics EXCEPT O provide objective measures of past operations and subjective estimates about future decisions O be prepared in accordance with generally accepted accounting principles O be provided at any time management needs O be prepared to report information for any unit of the business to support decision making DQuestion 5 2 pts Which of the following is not a prime cost? Supervisor's wages O Direct labor wages O Machine operator wages O Assembly line wages DQuestion 6 2 pts If the cost of direct materials is a small portion of total production cost, it may be classified as part of O direct labor cost O selling and administrative costs O factory overhead cost