7. Kushman Deceman Combines, Inc. has $20,000 of ending finished goods inventory as of goods sold was $50,000, how much would Kushman report 206ginning finished goods inventory was $10,000 and cost of for cost of goods manufactured? A. $70,000 B. $10,000 C) $60,000 D) $40,000 s. Which one of the following tasks would not be performed by a management accountant? A) B) C) D) Being concerned with the impact of cost and volume on profits Strategic cost management Assisting in budget planning Preparing reports primarily for external users 9. Direct materials, direct labor, and manufacturing overhead are A. inventory costs B. selling expenses. C. period costs D. contra accounts 10. A merchandising company includes cost of goods purchased in its calculation of cost of goods sold. What is the counterpart used by a manufacturing company? A) Ending inventory B) Beginning inventory C) Cost of goods available for sale D) Cost of goods manufactured Which one of the following is an important feature of a job order cost system? A) Each job must be completed before a new product order is accepted. B) Each job consists of features which distinguish it from the next. C) Each job uses similar processes to produce. D) Each job has characteristics similar to the next. 11. 12. Into which one of the following accounts would the work of factory employees that can be physically and directly associated with converting raw materials into finished goods be categorized? A) Direct labor B) Indirect labor C) Manufacturing overhead D) Indirect materials to be $1,000,000, then if the activity base is direct labor costs: A. $1.33 is the predetermined overhead rate. B. For every dollar ofmanufacturing overhead, 75 cents ofdirect labor will be assigned. C. For every dollar of direct labor, 75 cents of manufacturing overhead will be assigned. D. A predetermined overhead rate cannot be determined 13. If annual overhead costs are expected to be $750,000 and direct labor costs are expected