Managerial Accounting Final Exam Review Questions 100% Solved.
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Course
Managerial Accounting
Institution
Managerial Accounting
Managerial Accounting Final Exam Review
Questions 100% Solved.
Which of the following is the primary focus of managerial accounting? - answerproviding
information that managers need to make operational decisions
Which of the following is true of Finished Goods Inventory? - answerFinished Goods
...
Which of the following is an example of direct labor cost in a factory? - answer✔wages of
assembly line personnel
Which of the following will be included in manufacturing overhead costs? - answer✔indirect
labor and indirect materials used
Castillo Corporation, a manufacturer, reports costs for the year as follows:
Direct Materials Used
$750,000
Wages to Line Workers
335,000
Office Rent
28,500
Indirect Materials Used
785,000
How much is the total period costs for Castillo? - answer✔28,500 (office rent)
Rios Corporation reports costs for the year as follows:
Direct Materials Used
$755,000
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