uso THaking ing la directing, planning, and decision making. 31. The major activities of managerial accounting include all of the following a. providing a basis for controlling costs by comparing actual results with except planned objectives. b. preparing financial statements designed primarily for stockholders and creditors. e. preparing internal reports for managemenit. d. determining the behavior of costs as activity levels change 32. A job order cost system would most likely be used by a(n) a. cement manufacturer c. specialty printing company b. paint manufacturer d. automobile manufacturer. The formula for computing a predetermined overhead rate is estimated annual overhead costs estimated annual operating activity. 33. b. estimated annual overhead costs actual annual operating activity c, actual annual overhead costs actual annual operating activity d. actual annual overhead costs + estimated annual operating activity 34. An example of a period cost, as opposed to a product cost, is a. factory utilities. b. wages of factory workers. c. salesmen's commissions. d. depreciation on the factory building. 35. When production costs are debited to Work in Process Inventory accounts that may be credited are a. Raw Materials Inventory, Factory Labor, and Manufacturing Overhead b. Accounts Payable, Factory Wages Payable, and Accumulated Depreciation. c. Raw Materials Inventory Factory Labor, and Finished Goods Inventory d. Manufacturing Overhead, Factory Labor, and Cost of Goods Sold