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1. may be wrong so help with all 1. On a Schedule of Goods Manufactured, the Total Production Cost figure represents: Extra Credit-up lo The
1. may be wrong so help with all 1. On a Schedule of Goods Manufactured, the Total Production Cost figure represents: Extra Credit-up lo The amount of costs charged to Work in Process during the period b. The amount of costs transferred from Finished Goods to Cost of Goods Sold during the period & The amount of Cost of Goods Completed during the current year whether they were started before or during the period 2. PFL Corporation has the following estimated costs: Direct Materials Costs S 8,500 Depreciation on Mfg Equip $ 16,000 Supervisors's Salary S 17,000 Direct Labor Hourly Rate S 12.00 V.P of Finance Bonus S 26,000 Direct Labor Hours 2,500 Maintenance on Factoy Equips 22,000 Machine Hours 11,000 Indirect Labor on assemblers S 11,000 The company uses Direct Labor Dollars as their activity base. Given this information, what is their predetermi overhead rate for the upcoming year. 3. A decrease in accounts receivable would be shown on the company's cash flow statement as: A source of cash from operating activities b. A use of cash from operating activities C. A source of cash from financing activities d. A use of cash from financing activities 4. Which statement is true? a. Managerial accounting does not follow strict guidelines b. Managerial Accounting is the same for all companies c. Financial accounting statements are not required for publicly traded companies d. Managerial accounting is only for outside investors 5. As the level of activity decreases: a. Variable costs per unit and total fixed costs also decrease b. Fixed cost per unit increase while total variable cost decrease c. Total costs will decrease and fixed costs per unit will decrease d. Variable cost per unit and total costs increase
1. may be wrong so help with all
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