Please help.

1. T or F: Enterprise Resource Planning (ERP) systems should be implemented by all organizations since ERP systems are inexpensive and lead to better decisions.

2. T or F: Most income statements for both merchandising companies and manufacturing companies include the account called Cost of Goods Sold.

3. T or F: Distinguishing between period and product costs can be done quickly and easily.

4. T or F: Insurance costs for a production facility are best classified as selling costs.

5. T or F: The term "product costs" refers exclusively to the direct labor used in the production process.

6. The managerial accountant typically reports to the: A) controller.

B) financial accountant.

C) tax accountant.

D) None of the above.

E) chief executive officer.

7. Which of the following would be most likely to use managerial accounting information? A) Vendor.

B) Production manager.

C) None of the above.

D) Bondholder.

E) Stockholder.

8. T or F: When a manufacturing company sells its products, Finished Goods is debited and Cost of Goods Sold is credited.