Accounting help needed please. This is a 25-30 question multiple choice quiz.

In an automobile manufacturing company, manufacturing overhead includes all manufacturing costs except for those accounted for as direct labor. True False 2 points Question 2 Direct materials cannot usually be clearly traced to the finished product. True False 2 points Question 3 Which of the following costs are expensed in the period incurred instead of being charged to the product? A. Direct materials B. Direct labor C. Period costs D. Prime costs 2 points Question 4 Cost to manufacture includes the costs of all resources put into production during a period. True False 2 points Question 5 Which of the following costs is not included in manufacturing overhead? A. Factory utility expenses B. The salary of the supervisor over the personnel who perform direct labor C. Direct materials costs D. Depreciation on factory buildings and equipment 2 points Question 6 Smith, together with a number of other employees, worked 40 hours last week to make a particular product and earned $400 (40 hours at $10 per hour). All of the $400 should be considered direct labor cost. True False 2 points Question 7 The sum of direct materials, direct labor, and manufacturing overhead are included in product cost. True False 2 points Question 8 Which of the following costs are not selling costs? A. Delivery and storage costs for finished goods B. Advertising costs to promote the company name; not a particular product C. Salaries of production workers D. Market research costs 2 points Question 9 The cost of manufacturing a product includes all of the following except: A. manufacturing overhead. B. direct labor. C. direct materials. D. selling expenses. 2 points Question 10 The following data pertain to the Inntell Co.: Cost of goods sold should be: A. $240,800 B. $206,800 Materials inventory, 1/1/16................. $48,400 Materials inventory, 12/31/16............... 21,600 Materials purchases......................... 71,600 Work in process inventory, 1/1/16.......... 63,600 Work in process inventory, 12/31/16......... 49,200 Direct labor................................ 68,400 Manufacturing overhead...................... 97,200 Finished goods inventory, 1/1/16............ 66,400 Finished goods inventory, 12/31/16.......... 77,200 C. $267,600 D. $264,000 2 points Question 11 The James Company purchased "direct materials" from UCD Steel. The invoice price was $350,000. The purchaser also incurred storage costs of $5,000 to store the materials after they were purchased. Assuming the James Company subsequently used all these materials in production, the correct direct materials cost is: A. $345,000 B. $355,000 C. $350,000 D. $0 2 points Question 12 Which of the following is not a difference between financial and management accounting? A. Financial accounting reports on the entire company, while a management accounting report refers only to a part of the company. B. Financial accounting reports are expressed in money terms, while management accounting reports often include nonquantitative information, such as number of units sold. C. Financial accountants are not sure of the uses made of their output, while management accountants are more sure of the uses made of their output. D. Management accounting uses estimates, while financial accounting does not use estimates. 2 points Question 13 Coronado Company's total costs amounted to $40,000 for direct materials, direct labor, and manufacturing overhead in producing 10,000 headphones during the year. Selling costs were $6,000 and administrative costs were $5,000, and 7,000 headsets were sold. The amount expensed on the income statement for the year would include product and period costs of: A. $40,000 product and $11,000 period. B. $28,000 product and $11,000 period. C. $35,000 product and $6,000 period. D. $40,000 product and $5,000 period. 2 points Question 14 In multiproduct companies, one would generally favor a shift to production and sale of high contribution margin items if the fixed costs of operation do not change. True False 2 points Question 15 The relevant range concept is essential in CVP analysis in order to: A. maximize the data calculations. B. present curvilinear relationships. C. make assumptions about constant unit prices and variable unit costs within a range of activity. D. All of the other answers are incorrect. 2 points Question 16 The amount of variable cost per unit remains constant as the production level changes; the amount of fixed cost per unit changes inversely with the production level. True False 2 points Question 17 The variable cost is $16 per unit for a product that sells for $20. For 2,000 units, what is the contribution margin and contribution margin per unit? A. $20,000; $20 B. $ 8,000; $ 8 C. $ 8,000; $ 4 D. $12,000; $16 2 points Question 18 The break-even point is the point at which: A. sales equals fixed costs plus variable costs. B. fixed costs equal variable costs. C. variable costs equal sales. D. All of the other answers are correct. 2 points Question 19 Fixed costs are $135,000, variable costs and price are $10 and $20 respectively. What is the net income on sales of 30,000 units? A. $165,000 B. $600,000 C. $300,000 D. $200,000 2 points Question 20 Break-even analysis could be used by management: A. to determine the additional sales volume required to cover a contemplated expenditure on advertising, all other factors remaining constant. B. to determine the effect of a change in selling price on net income at various levels of sales. C. to analyze the effect of substituting a production method that would decrease fixed costs but would at the same time increase variable costs per unit. D. to accomplish all of the other answers. 2 points Question 21 Cost-volume-profit analysis assumes that selling price, variable cost per unit, and total fixed costs fluctuate through the relevant range. True False 2 points Question 22 A multiproduct company had sales of $40,000 and variable costs of $10,000 for product A and sales of $80,000 and variable costs of $50,000 for product B. If fixed costs were $240,000, what are the breakeven points in sales dollars for A and B, respectively? A. $200,000 and $300,000 B. $60,000 and $240,000 C. $160,000 and $320,000 D. $80,000 and $320,000 2 points Question 23 Other factors remaining constant, a reduction in fixed costs will decrease a company's break-even point. True False 2 points Question 24 Use the high/low method to determine the fixed costs for a product, which has high and low mixed product costs as follows: 50,000 units produced at a cost of $36,000 and 80,000 units produced at a cost of $48,000. A. $ 8,000 B. $16,000 C. $ 6,000 D. $30,000 2 points Question 25 If a company wants to maximize net income, it should produce at its break-even point. True False