Question: please help with these please i am so confused. please do all them. thank you. Multiple Choice Idently the choice that best completes the statement

please help with these please i am so confused. please do all them. thank you.  please help with these please i am so confused. please do
all them. thank you. Multiple Choice Idently the choice that best completes

Multiple Choice Idently the choice that best completes the statement or answer the question 1. What is the primary criterion for the preparation of managerial accounting reports? a. Relevance of the reports b. Meet the manager needs c. Timing of the reports d. Cost of the reports 2. Which of the following is considered a part of factory overhead cost? a. Sales commissions b. Depreciation of factory buildings c. Depreciation of office equipment d. Direct materials used 3. Conversion costs are a direct materials and direct labor b. direct materials and factory overhead c. factory overhead and direct labor d. direct materials and indirect labor 4. What is the purpose of the Statement of Cost of Goods Manufactured? a. to determine the ending materials inventory b. to determine the ending work in process inventory c. to determine the amounts transferred to finished goods d. all of the answers are true Beginning Raw Materials Inventory $40,000 Materials purchased $65,000 Ending Raw Materials Inventory S30,000 What is the amount of Raw Materials Used? a. $5,000 b. $65,000 c. $75,000 d. $30,000 6. A product cost is: a. expensed in the period in which it is incurred b. shown with current liabilities on the balance sheet c. shown on the income statement with the operating expenses d. expensed in the period the product is sold 7. An example of a period cost is: a. advertising expense b. indirect materials c. depreciation on factory equipment d. property taxes on plant facilities 8. Rent expense incurred on a factory building would be treated as a(n): a indirect cost b. period cost c. product cost d. both A and C are correct 9. A company used $35,000 of direct materials, incurred $73.000 in direct labor cost, and S114,000 in factory overhead costs during the period. I beginning and ending work in process inventories were $28,000 and $32,000 respectively, the cost of goods manufactured was: a. $218,000 b. $226,000 c. $190,000 d. 222.000 Work in process inventory on December 31, 2011. is $44,000. Work in process inventory increased by 60% during 2011. Cost of goods manufactured for 2011 amounts to $275,000. What are the total manufacturing costs incurred in 2011? a. $291,500 b. S302,000 c. $275,750 d. $233,750 11. Which of the following are the two main types of cost accounting systems for manufacturing operations? a. Process cost and general accounting systems b. Job order cost and process cost systems c. Job order and general accounting systems d. Process cost and replacement cost systems 12. For which of the following businesses would the process cost system be appropriate? a. Book retailer b. Dress designer c. Lumber mill d. Printing firm 13. In a job order cost accounting system, the entry to record the flow of direct materials into production is: a. debit Work in Process, credit Materials b. debit Materials, credit Work in Process c. debit Factory Overhead, credit Materials d. debit Work in Process, credit Supplies

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