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Unformatted text preview: is responsible for the company's financial statements. (d) reports prepared by managerial accountants must comply with generally accepted accounting principles (GAAP). Answer: (b) CEOs and CFOs must certify that financial statements give a fair presentation of the company's operating results Direct materials are a: (a) Manufacturing Overhead Yes (b) Manufacturing Overhead No (c) Manufacturing Overhead Yes (d) Manufacturing Overhead No Answer: (b) Manufacturing Overhead No Which of the following costs would a computer manufacturer include in manufacturing overhead? (a) The cost of the disk drives. (b) The wages earned by computer assemblers. (c) The cost of the memory chips. (d) Depreciation on testing equipment. Answer: (d) Depreciation on testing equipment....
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- Fall '11
- Accounting, memory chips, Generally Accepted Accounting, disk drives, managerial accountants, specialpurpose information