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1. Which of the following does NOT describe financial accounting? financial statements for the bank Balance sheet used only for internal decision making SEC filings

1. Which of the following does NOT describe financial accounting?

financial statements for the bank

Balance sheet

used only for internal decision making

SEC filings

2. Which of the following does NOT describe managerial accounting?

used for the SEC filings

various formats are used

not generally released to the public

used primarily for internal making

3. Which of the following is NOT an example of indirect materials?

lubricants

wood in a desk

screws

nails

4. Which of the following is NOT included in conversion costs?

Direct materials

Direct labor

Indirect labor

Manufacturing Overhead

5. Which of the following is part of manufacturing overhead?

indirect labor

direct labor

raw materials

finished goods inventory

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