his place of 1. An employee is dissatisfied with the resolution of an ethical co

Question

his place of 1. An employee is dissatisfied with the resolution of an ethical conflict with his supervisor at employment. According to the Institute of Management Accountants, the employee's next step sho countants, the employee's next step should be to A. contact the IMA. B. contact the next level of management who is not involved in the ethical conflict. C. make the president of the company aware of the ethical conflict. D. report the incident to the State Board of Accountancy. E. resign from the company. 2. Marshall Corporation incurred costs for materials and labor needed to manufacture its products. These costs are an example of: A. Period costs. B. Product costs. C. General costs. D. Balance sheet costs. E. Capitalized costs. 3. Comet Company accumulated the following account information for the year: Beginning raw materials inventory Indirect materials cost Indirect labor cost Maintenance of factory equipment Direct labor cost S6,000 2,000 5,000 2,800 7,000 Using the above information, total factory overhead costs would be A. $9,800. B. $16,800. C. $15,800. D. $13,000. E. $7,800.

Explanation / Answer

1) Ans is Option-B

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2)Ans is Option-B

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3)Total Factory OH = 2,000 + 5,000 + 2,800

= $9,800

So ans is Option-A

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7)Ans is Option-B

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8)Ans is Option-A

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9)Ans is Option-B

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10)ANs is Option-E

(2500 + 4000 + 4000*200%)

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24)Ans is Option-D

(4400-2000-800)/800 * 100 = 200%

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25)Ans is Option-D

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