1. Which of the following is found in the Income Statement of a manufacturer: a. Raw Materials Inventory c. Direct Labor b. Factory Overhead d. Finished Goods Inventory 2. Managerial accounting uses actual and estimated data in reports prepared according to management needs. Often only a segment of a business and not the business as a whole. True b. This isn't the answer c. False d. Neither is this! 3. The costs directly associated with the manufacturing of finished goods are calculated on a separate statement then reported as a total on the: a. Cost of Goods Sold Statement b. Partnership Agreement c. Balance Sheet d. Income Statement