Question 15 (Q 15)

Multiple Choice Questions Part 2 (circle your answer)

1. Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for

1. investors and banks.
2. internal users of accounting information.
3. shareholders and creditors.
4. the Securities and Exchange Commission (SEC).

2. Which of the following is most likely to be a variable cost?

1. Depreciation of a factory building
2. Direct labor
3. Factory janitor salaries
4. Total costs of producing products

3. A company is trying to decide whether to sell partially completed goods in their current state or incur additional costs to finish the goods and sell them as complete units. Which of the following is not relevant to the decision?

1. The selling price of the completed units
2. The costs incurred to process the units to this point
3. The selling price of the partially completed units
4. The costs that will be incurred to finish the units