a. b. c. 6. Which of the following items is not a product cost? Cash paid for wages of production workers. Cash paid for salary of production supervisor. Cash paid for wages of a maintenance crew that cleans the manufacturing facility. d. All of the above are product costs. 7. Consolidated Company makes cardboard boxes. During the most recent accounting period, Consolidated paid $60,000 for raw materials, $48,000 for labor, and $52,000 for overhead costs that were incurred to make boxes. Consolidated started and completed 400,000 boxes. GS&A expenses amounted to $40,000. Consolidated desires to earn a gross margin that is equal to 40% of product cost. Based on this information the selling price per box is: $0.40. b. $0.56. $0.50. d. $0.70. a. c. 8. a. c. 9. Which of the following is a characteristic of managerial accounting information? It is historically based. b. It involves continuous reporting. It is regulated by the SEC. d. It is directed to external users. Pearson and Associates provides auditing and tax services to its clients. During the most recent annual accounting period, Pearson provided 40,000 hours of auditing service and 50,000 hours of tax service. During the same accounting period, the company incurred $900,000 of overhead costs. Based on this information, a client job that required 800 hours of tax services should be allocated which of the following amounts of overhead? $8,000. b. $5,000. $3,200. d. $4,000. a. c