2. Presented belowa ineomplete 2016 manufacturing cost data for Swartnez Corporation. Direct Materials Used $ 22,000 $148,000 Direct Labor Manufacturing Overhead $42,000 Total Manufacturing Costs 88,000 $112,000 $460,000 Instructions Determine the missing amounts. Raynor Company has the following data: Direct labor Direct materials used Total manufacturing overhead Ending work in process Beginning work in process 3. $76,000 84,000 65,000 30,000 45,000 Instructions Compute (a) total manufacturing costs and (b) cost of goods manufactured. l accounting information and managerial accounting information have a number of distinguishing characteristics. more closely associated 4. Financial For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting by placing the letter "F in the space with managerial accounting by placing the letter "M" to the left of the item. to the left of the item and indicate those characteristics which are 1. General-purpose reports 2. Reports are used internally 3. Prepared in accordance with generally accepted accounting principles 4. Special purpose reports 5. Limited to historical cost data 6. Reporting standard is relevance to the decision to be made 7. Financial statements 8. Reports generally pertain to the business as a whole Il uutain to subunits