ACCT 2000 : Exam 3 Clicker Questions
Document Summary
Managerial accounting: is governed by gaap, places emphasis on special-purpose information for decision making, pertains to the entity as a whole and is highly aggregated, is limited to cost data. The management of an organization performs several broad functions. They are: planning, directing, and selling, directing, manufacturing, and controlling, planning, manufacturing and controlling, planning, directing, and controlling. Which of the following costs of an automobile manufacturer would be classified as direct labor: factory machinery lubricants, wages of assembly line worker, salary of painting supervisor, depreciation of factory machinery. Which of the following costs of an automobile manufacturer would be classified as manufacturing overhead: factory supervisor salary, tires, wages of assembly line worker, advertising expense. Which of the following costs is a period cost: raw materials, manufacturing utilities, depreciation on manufacturing building, sales commissions. A balance sheet for a manufacturer shows all of the following types of inventory except: raw materials, work in progress, merchandise inventory, finished goods.
