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In order to be useful to managers management accounting reports should possess all of the following characteristics excep In order to be useful to managers


In order to be useful to managers, management accounting reports should possess all of the following 1. characteristics excep 

In order to be useful to managers, management accounting reports should possess all of the following 1. characteristics except: a. provide objective measures of past operations and subjective estimates about future decisions be prepared in accordance with generally accepted accounting principles be provided at any time management needs information c. be prepared to report information for any unit of the business to support decision making d.

2. Compute conversion costs given the following data: Direct Materials, $352700; Direct Labor, $196,300 Factory Overhead, $177,600. a. $549,000 $726,600 c. b. $373,900 $530,300 The cost of a manufactured product generally consists of which of the following costs? Direct materials cost and factory overhead cost Direct labor cost and factory overhead cost Direct labor cost, direct materials cost, and factory overhead cost d. Direct materials cost and direct labor cost

3. a. b. c. Which of the following is an example of direct materials cost for an automobile manufacturer?

4. Cost of oil lubricants for factory machinery a. Cost of wages of assembly worker b. c. Salary of production supervisor d. Cost of interior upholstery Which of the following is an example of a factory overhead cost? Repair and maintenance cost on the administrative building b. Factory heating and lighting cost Insurance premiums on salespersons' automobiles

5. a. c. President's salary Which of the following manufacturing costs is an indirect cost of producing a product? Oil lubricants used for factory machinery Commissions for sales personnel Hourly wages of an assembly worker d. Memory chips for a microcomputer manufacturer d.

6. a. b. c. 7. For which of the following businesses would the job order cost system be appropriate Meat processor b. Automobile manufacturer c. Oil refinery d. Construction contractor a. 8. For which of the following businesses would the process cost system be appropri Book publisher b. Dress designer c. Lumber mill d. Printing firm a.

Feb 11 2020 View more View Less

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