3. Which of the following are used in the calculation of cost of goods manufactured? All of these are used in the calculation of cost of goods manufactured

Manufacturing overhead applied

Direct materials and direct labor used

Beginning and ending WIP

7. This accounting tool summarizes all accounts and their associated balances.

Trial Balance

General Ledger

General Journal

Chart of Accounts

9. Variable cost _____________ in total while fixed costs _____________ in total.

stay the same per unit produced but vary; vary in proportion to units produced but remain constant

vary in proportion to units produced but remain constant; stay the same per unit produced but vary in total.

stay the same; also stay the same

stay the same; vary