Question

This question has five parts:

1. Production material costs are generally fixedcosts:

a. true b. false

2. The primary functions of manufacturing accounting isplanning, controlling, and budgeting:

a. true b. false

3. Which of the following is an example cost that is variablewith respect to the number of units produced:

a. rent on the administrative office building

b. rent on the factory building

c. direct labor cost

d. salaries of top marketing executives

4. Financial accounting stresses accounting concepts andprocedures that are relevant to preparing reports for internalusers of accounting information:

a. true b. false

5. The goal of managerial accounting is to provide informationfor planning, controlling, and reporting information toshareholders:

a. true b. false