1.Coed Novelties manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labor 18,000 Factory rent 12,000 Equipment deprecation - factory 2,000 Equipment depreciation - office 750 Marketing expense 2,500 Administrative expenses 40,000 35,000 units produced were in 2003. What is the product cost per unit?

2. What is trend analysis, and how does it differ from the horizontal analysis?

3. Describe three common tools of financial statement analysis.

4. Why would an analyst use horizontal or vertical analysis? Explain.

5. What do you believe is the most important aspect of managerial accounting?

6. Compare and contrast the roles that a firm's treasurer and controller have in the operation of the firm.

7. A process cost system is used when each finished unit is indistinguishable from another.

Is the statement true or false?

8. What kinds of activities does financial management involve?

9. Why is it important to test for variances in your data?

10. What is the principal guiding factor for the financial manager of a firm?