CTOTAL 45 PUNTOS) MODULO EJERCICIOS DE PRCTICA I. MANAGERIALACCOUNINGCONCErSANDPRNCIPLES (TRUE/FALSE) (10 PUNTOS-1 PUNTO CU) L Managerial information is for external as well as internal stakeholders. True b. False 2. Planning is the process of developing the company's objectives or goals and translating these objectives into courses of action. a. True False Conversion cost is the combination of direct materials cost and factory overhead cost. True a. False Period (nonmanufacturing) costs are classified into two categories: selling and administrative.. True False 5. Prime costs are the compingtion of direct labor costs and factory overhead costs a. True False 6. Product costs are not expensed until the product is sold. a. True False 7. Factory overhead includes all manufacturing costs except direct materials and direct labor True b. False