27. The primary goal of managerial accounting is to provide information to a. in

Question

27. The primary goal of managerial accounting is to provide information to a. investors b. creditors c. management d, external auditors 28. Period costs for a manufacturing company would flow directly to: a. b. Current manufacturing statement The current income statement The current balance sheet d. Factory overhead 29. Which of the following items appears only in a manufacturing company's financial statements? a. b. c. d. Cost of goods sold Cost of goods manufactured Goods available for sale Gross profit 30. The cost of a manufactured product generally consists of which of the following costs? a. b. c. d. Direct materials cost and factory overhead cost Direct labor cost and factory overhead cost Direct labor cost, direct materials cost, and factory overhead cost Direct materials cost and direct labor cost 31. Which of the following is an example of direct materials cost for an automobile manufacturer? a. cost of oil lubricants for factory machinery b. cost of wages of assembly worker c. salary of production supervisor d. cost of interior upholstery 32. If the cost of a direct material is a small portion of total production cost, it may be classified as part of a. direct labor cost b. selling and administrative costs c. miscellaneous costs d. factory overhead cost

Explanation / Answer

27 - A

28- A

29- D

30- C

31- A

32- D

because the direct material cost comes in the factory overhead

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