1. The company has provided the following estimated costs: Advertising expense Direct labor Direct materials Indirect materials Rent on factory equipment Salary of production supervisor Sales commissions $ 800 3,000 1,500 400 1,000 2,000 4,000 The total amount of estimated manufacturing overhead would be: a. $2,400 b. 3,200 c. 3,400 d. 12,200 e. None of the above. The answer is 2. Two major concerns of Management Accounting are: a. Controlling and Executing. b. Controlling and Investigating. c. Planning and Controlling. d. Planning and Investigating. 3. Which of the following equations represents Total Cost: VC is total variable cost; FC is total fixed cost; Q is total quantity [i.e. total units]; UnitVC is variable cost per unit; UnitFC is fixed cost per unit; a. Total Cost = FC b. Total Cost UnitFC c. Total Cost = FC Q d. Total Cost = FC*Q + VC FC + UnitVC VC + VC +UnitVC Q * is multiplication 4. Beau Company reported the following: Cost of Goods Manufactured $800,000; Beginning Raw Materials Inventory $400,000; Ending Raw Materials Inventory $600,000; Beginning Finished Goods Inventory $100,000; Ending Finished Goods Inventory $200,000. Cost of Goods Sold would be: a. $ 650,000 b. 700,000 C. 900,000 d. 1,500,000 e. None of the above. The answer is