Extron 38 1 Managerial Accounting the of E1.17 McQueen Motor Company manufactures automobiles. During September 2012 the company purchased 5,000 head lamps at a cost of $15 per lamp, McOueen with G ANTS, and we in 4,650 lamps from the warehouse during the month. Fifty of these lamps were used which financial replace the head lamps in autos used by traveling sales stall. The remaining 4.600 am en waar (LOJ), AP were put in autos manufactured during the month. or the autos put into production during September 2017, 90% were completed and transferred to the company's storage lot of the cars completed during the month, 2012 were sold by September 30. Instructions (a) Determine the cost of head lamps that would appear in each of the following account at September 30, 2017: Raw Materials, Work in Process, Finished Goods, Cost of Goods Sold, and Selling Expenses. (b) -- Write a short memo to the chief accountant, indicating whether and where cach of the accounts in (a) would appear on the income statement or on the balance sheet at September 30, 2017 gerial Id ny vious Going practices (LO 4). E1-18 The following is a list of terms related to managerial accounting practices. 1. Activity-based costing. 2. Just-in-time inventory 3. Balanced scorecard. 4. Value chain. Instructions Match each of the terms with the statement below that best describes the term. (a) A performance measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion. (b) The group of activities associated with providing a product or performing a service. (c) An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand. A method used to allocate overhead to products based on each product's use of the activities that cause the incurrence of the overhead cost