1.

Cost to manufacture includes the costs of all resources put into production during a period.

Group of answer choices

True

False

2.

The Catalina Company incurred the following labor costs:

	Wages of assembly line workers......................	$40,000
	Salaries of shop supervisors........................	32,000
	Sales commissions...................................	22,000
	Salary of the president.............................	28,000
	Wages of the factory building janitor...............	8,800

How much of the above costs would be assigned to manufacturing overhead?

Group of answer choices

$32,000

$62,800

$68,800

$40,800

3.

Direct labor cost includes wages paid to:

Group of answer choices

the company president.

factory supervisors.

production machine operators.

sales managers.

4.

Which of the following is not a difference between financial and management accounting?

Group of answer choices

Financial accounting information is historical in nature, while management accounting is future oriented.

Financial accounting is typically mandatory, while management accounting is optional.

Financial accounting is general purpose in nature, while management accounting is for a specific purpose.

The primary data for each is accumulated in different accounting systems.