Chapter 1 Practice Questions.docx - Chapter 1 Review...

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Chapter 1 Review questions1. Managerial accounting information is generally prepared fora.stockholders.b.creditors.c.managers.d.regulatory agencies.
2. Internal reports must be communicated
3. The reporting standard for external financial reports is
4. Internal reports are generally
5. Planning is a function that involvesa.hiring the right people for a particular job.b.coordinating the accounting information system.c.setting goals and objectives for an entity.d.analyzing financial statements.
6. Directing includes
1
7. The work of factory employees that can be physically and directly associated with convertingraw materials into finished goods is
8. Manufacturing costs include
9. The wages of a timekeeper in the factory would be classified asa.a period cost.b.direct labor.c.indirect labor.d.compliance costs.
10. Which of the following isnotanother name for the term manufacturing overhead?

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Term
Spring
Professor
STEEDLE
Tags
Dolan Company

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