Workshop 3 - Quiz 3

Workshop 3 - Quiz 3 - Grade Delivery Page 1 of 5 Points...

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Points Awarded 90.00 Points Missed 10.00 Percentage 90.0% 1. Managerial accounting information A) pertains to the entity as a whole and is highly aggregated. B) pertains to subunits of the entity and may be very detailed. C) is prepared only once a year. D) is constrained by the requirements of generally accepted accounting principles. Points Earned: 5.0/5.0 Correct Answer(s): B 2. Which of the following is not an internal user? A) Creditor B) Department manager C) Controller D) Treasurer Points Earned: 5.0/5.0 Correct Answer(s): A 3. Which one of the following is not a direct material? A) A tire used for a lawn mower B) Plastic used in the covered case for a home PC C) Steel used in the manufacturing of steel-radial tires D) Lubricant for a ball-bearing joint for a large crane Points Earned: 5.0/5.0 Correct Answer(s): D 4. Which of the following is not classified as direct labor? A) Bottlers of beer in a brewery B) Copy machine operators at a copy shop C) Wages of supervisors D) Bakers in a bakery Points Earned: 5.0/5.0 Correct Answer(s): C Page 1 of 5 Grade Delivery 11/16/2009 https://lms.bvu.edu/Section/Assessment/Question/GradeDelivery.aspx?entryId=724ad589. ..
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5. Manufacturing costs that cannot be classified as either direct materials or direct labor are known as A) period costs. B) nonmanufacturing costs. C) selling and administrative expenses. D) manufacturing overhead. Points Earned: 5.0/5.0 Correct Answer(s): D 6. Sales commissions are classified as A) overhead costs B) period costs. C) product costs. D) indirect labor. Points Earned: 5.0/5.0 Correct Answer(s): B 7. Product costs consist of A) direct materials and direct labor only. B) direct materials, direct labor, and manufacturing overhead.
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This note was uploaded on 09/24/2011 for the course MGMT 201 taught by Professor Parkin during the Fall '10 term at Buena Vista.

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Workshop 3 - Quiz 3 - Grade Delivery Page 1 of 5 Points...

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