ACCT 346 Midterm Set 2 (New)Check this A+ tutorial guideline at-346-midterm-set-2-updatedFor more classes visitACCT 346 Midterm Set 2 (New)Multiple Choice 10Short 4Grade Details - All QuestionsPage:12Question 1. Question : (TCO 1) The goal of managerial accounting is to provide information that managers need for which ofthe below?Question 2. Question : (TCO 1) Josie’s Grill budgeted the following costs for a month in which 1,600 steak dinners will beproduced and sold: materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,700; depreciation, $800; and other fixedcosts, $600. Each steak dinner sells for $14.00 each. How much is the budgeted variable cost per unit?Question 3. Question : (TCO 1) Which of the following is NOT a period cost?
Question 4. Question : (TCO 1) On December 31, 2015, GLE Inc. has a balance in the Work-in-Process Inventory account of$62,000. At January 1, 2015, the balance was $47,000. Current manufacturing costs for the year are $292,000, and cost ofgoods sold is $284,000. How much is cost of goods manufactured?Question 5. Question : (TCO 2) Paul Company applies manufacturing overhead based on direct labor cost. Informationconcerning manufacturing overhead and labor for August follows.EstimatedActualOverhead cost$174,000$171,000Direct labor hours5,8005,900Direct labor cost$87,000$89,975