Question: what is the answer from 1 to 8 please etes the statement of 1) Which of the following is a focus of managerial accounting? A)
etes the statement of 1) Which of the following is a focus of managerial accounting? A) to provide information to business managers to assist them in control ling their businesses 8) to generate a company's financial statements for tax reporting C) to provide information to shareholders to assist them with their investment decislons D) to ensure that the reports produced for internal and external business purposes compliant are GAAP 2) Which of the following statements is TRUE of financial accounting? A) It focuses on planning, directing and controlling day-to - day operations. B) It focuses on detai led reports for parts of the company rather than the whole company. C) It provides future focused information needed for managing and delegating operations D) It provides information to investors needed for their investment decisions. 3) Which of the following is the primary focus of managerial accounting? A) providing summarized results of operations B) providing information to comply with laws and regulations of government bodies providing information that managers need to make operational decisions D) providing historical data to investors and creditors 4) Which of the folowing is the primary focus of financial accounting? A) providing information that managers need to make operational decisions B) providing information to managers to assist in planning, directing and controlling operations providing summarized information on operational results to investors and creditors D) providing highly detailed information on product lines, regions, and divisions 5) Period costs are the A) operating costs that are expensed in the accounting perlod in which they are incurred B) same as manufacturing overhead costs C) product costs that must be paid in the accounting period in which they are incurred D) costs related to production of products 6) Which of the following is an example of a period cost for a manufacturing company? A) indirect materials depreciation on factory equipment B) property taxes for the factory D) advertising expense 7) Which of the following is a part of manufacturing overhead? A) cost of raw materlals C) depreciation on office furniture B) factory insurance D) wages of assembly line workers 8) Which of the following is a product cost for a manufacturing company? A) wages paid to factory janitor C) commissions paid to sales staff B) depreciation on corporate building D) salary of administrative staff
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
