a 1. On a Schedule of Goods Manufactured, Direct Material costs represent: The amount of total costs charged to Work in Process during the period b. The amount of raw materials purchased during the period, c. The amount of material costs received in from Raw Materials warehouse d. The amount of Cost of Goods Completed and moved to Finished Goods. 2. PFL Corporation has the following estimated costs: Direct Materials Costs S Utility costs for Factory S HR Manager's Bonus S Rent on Factory Buildings Depreciation on Equipment 5 9,000 Shop Foreman's Bonus $13,000 22,000 Direct Labor Hourly Rate $ 10.00 22,000 Direct Labor Hours 2,200 21,000 Machine Hours 13,000 10,000 Actual Direct Labor Dollars S 23,000 The company uses Direct Labor Dollars as their activity base. Given this information, what is the applied overhead amount for the year. 3. An increase in long-term notes payable would be shown on the company's statement of cash flows as: A source of cash from operating activities b. A use of cash from operating activities c. A source of cash from financing activities d. A source of cash from financing activities e. Not included in cash from financing activities 4. Which of the following terms could be used to correctly describe the wages paid to the executive officers in a clothing company? Conversion Costs a. YES b. YES Variable Costs YES NO YES NO c.NO d. NO 5. Total Variable Costs increased, therefore: a. Variable costs per unit increased b. The number of units produced increased c. Fixed Costs per unit also increased d. Fixed Costs per unit remained the same