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Workshop 4 - Exam 2

Workshop 4 - Exam 2 - Grade Delivery Page 1 of 12 Points...

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Points Awarded 70.00 Points Missed 30.00 Percentage 70.0% 1. Managerial accounting applies to each of the following types of businesses except A) service firms. B) merchandising firms. C) manufacturing firms. D) Managerial accounting applies to all types of firms. Points Earned: 2.0/2.0 Correct Answer(s): D 2. The major reporting standard for presenting managerial accounting information is A) relevance. B) generally accepted accounting principles. C) the cost principle. D) the current tax law. Points Earned: 2.0/2.0 Correct Answer(s): A 3. The work of factory employees that can be physically and directly associated with converting raw materials into finished goods is Points Earned: 2.0/2.0 Correct Answer(s): D 4. Which one of the following is not a direct material? Points Earned: 2.0/2.0 Correct Answer(s): D Page 1 of 12 Grade Delivery 11/29/2009 https://lms.bvu.edu/Section/Assessment/Question/GradeDelivery.aspx?entryId=724ad589...
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5. The wages of a timekeeper in the factory would be classified as Points Earned: 2.0/2.0 Correct Answer(s): C 6. 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: 2.0/2.0 Correct Answer(s): D 7. Which one of the following costs would not be inventoriable? Points Earned: 2.0/2.0 Correct Answer(s): A 8. Sales commissions are classified as Points Earned: 2.0/2.0 Correct Answer(s): B 9. On the costs of goods manufactured schedule, depreciation on factory equipment Page 2 of 12 Grade Delivery 11/29/2009 https://lms.bvu.edu/Section/Assessment/Question/GradeDelivery.aspx?entryId=724ad589...
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Points Earned: 0.0/2.0 Correct Answer(s): B
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