study materials for managerial accountign test 1

study materials for managerial accountign test 1 - 1. The...

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1. The major reporting standard for presenting managerial accounting information is: C) Relevance 2. Which one of the following is not a cost element in manufacturing a product? C) Office salaries 3. Which of the following is not classified as a direct labor? B) Wages of supervisors 4. Lubricants used irregularly in a production process are classified as? B) Indirect Materials 5. How much are raw materials transferred to production during 2006 for Caltrek manufacturing? C) $970,000 6. How much is total manufacturing costs incurred during 2006 for caltrek? c) 1,252,000 7. Assume that caltreck manufacturing’s cost of goods manufactured for 2006 amounted to 1,200,000. How much would it report as cost of goods sold for this year? B) 1,210,000 8. Which of the following would be accounted for using a job order cost system? D) The construction of a new building on campus 9. The two major steps in the flow of costs are? C) Accumulating and assigning
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study materials for managerial accountign test 1 - 1. The...

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