A foxm prepared perisdically fir h processing department summarizing (1) the units for which the departmen the departmen it and the allocation of these is accountable and the units to he assigned costs and (2) the costs charged to the departmen costs is termed a A factory overhead production repcrt B. cost of prodction report C. manufacturing cost report D. process cost repert Bonds that are subjec t to retirement at a stated dollar amount prior to maturity at the option of the issuer are A. Debentures B, Options C. Callable boods D Early retirement bonds In process cost accounting, the costs of direct materials and direct labor are charged direety to A. Service departments B. Job orders Process departments D. Customer accounts receivable 11Which one of the following will not be found on the balance sheet of a manufacturing company? A. cost of goods sold B finished goods C. materials D, work in process 12 Direct labor and direct materials are classified as A. product costs and expensed when the goods are sold B. period costs and expensed when the goods are sold C product costs and expensed when incurred D. period costs and expensed when incurred Which of the following represents an inflow of cash and therefore would be reported on the statement of cash A. retirement of bond payable B. issuance of long-lerm debt C. acquisition of treasury stock D, declaration of stock dividends 14. Managerial accounting A. is prepared according to GAAP B. is related to the entire business entity only C. is prepared according to management needs. D. is prepared periodically only 15 The materials requisition is used to A. release materials from the storeroom to the factory B. record and clectronically transmit materials data in place of a receiving report C. release tinished goods to the shipping department D, record the acquisition of materials from a vendor Page 2 of 5