please choose the correct answer

PART 2: MULTIPLE CHOICE QUESTIONS (QUALITATIVE QUESTIONS) . Please choose the correct one (202 points-40 points) 1. Managerial accounting reports can be described as a. general-purpose. b. macro-reports. Cra special purpose. d. classified financial statements. 2. Which of the following are period costs? Raw materials a. b. Direct materials and direct labor C. Direct labor and manufacturing overhead Selling expenses d. 3. A manufacturing company calculates cost of goods sold as follows: a. b. Beginning FG inventory+cost of goods purchased-ending FG inventory. Ending FG inventory-cost of goods manufactured+beginning FG inventory. Beginning FG inventory-cost of goods manufactured-ending FG inventory. Beginning FG inventory+ cost of goods manufactured-ending FG inventory. C. d. 4. Cost behavior analysis is a study of how a firm's costs a. relate to competitors costs. b. relate to general price level changes. C respond to changes in the level of business activity. respond to changes in the gross national product. d. 5. A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. mixed cost. d. manufacturing cost. 6. A fixed cost is a cost which a varies in total with changes in the level of activity. b. remains constant in total with changes in the level of activity. remains constant per unit with changes in the level of activity. varies inversely in total with changes in the level of activity. d. a 7. Required sales in dollars to meet a target net income is computed by dividing fixed costs plus target net income by contribution margin per unit. variable costs plus target net income by contribution margin per unit. fixed costs plus target net income by contribution margin ratio. total costs plus target net income by contribution margin ratio. b. C. d. C C