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Please kindly find the attachment for Managerial Accounting Questions.

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Assignment 6: Discount Bonds and Managerial Accounting Overview of the Assignment - For Managerial Accounting, complete the following problems: 1. The corporate controller's salary would be considered a(n): A. manufacturing cost. B. product cost. C. administrative cost. D. selling expense. 2. The three basic elements of manufacturing cost are direct materials, direct labor, and: A. cost of goods manufactured. B. cost of goods sold. C. work in process. D. manufacturing overhead. 3. Manufacturing overhead: A. can be either a variable cost or a fixed cost. B. includes the costs of shipping finished goods to customers. C. includes all factory labor costs. D. includes all fixed costs. 4. Buford Company rents out a small unused portion of its factory to another company for $1,000 per month. The rental agreement will expire next month, and rather than renew the agreement Buford Company is thinking about using the space itself to store materials. The term to describe the $1,000 per month is: A. sunk cost. B. period cost. C. opportunity cost. D. variable cost. 5. An example of a period cost is: A. fire insurance on a factory building. B. salary of a factory supervisor. C. direct materials. D. rent on a headquarters building. 6. The Lyons Company's cost of goods manufactured was $120,000 when its sales were $360,000 and its gross margin was $220,000. If the ending inventory of finished goods was $30,000, the beginning inventory of finished goods must have been: A. $20,000 B. $50,000 C. $110,000 D. $150,000 7. Which of the following terms could be used to correctly describe the cost of the thread used to sew the jeans together? A. Choice A B. Choice B C. Choice C D. Choice D 8. Sid Freeman has developed a new electronic device that he has decided to produce and market. The production facility will be in a nearby industrial park which Sid will rent for $4,000 per month. Utilities will cost about $500 per month. He will use his personal computer, which he purchased for $2,000 last year, to monitor the production process. The computer will become obsolete before it wears out from use. The computer will be depreciated at the rate of $1,000 per year. He will rent production equipment at a monthly cost of $8,000. Sid estimates the material cost per finished unit of product to be $50, and the labor cost to be $10. He will hire workers, and spend his time promoting the product. To do this he will quit his job which pays $4,500 per month. Advertising will cost $2,000 per month. Sid will not draw a salary from the new company until it gets well established. Required: Complete the chart below by placing an "X" under each heading that helps to identify the cost involved. There can be "Xs" placed under more than one heading for a single cost; e.g., a cost might be a sunk cost, an overhead cost, and a product cost. There would be an "X" placed under each of these headings opposite the cost. Opportunit y cost Sunk cost Variable cost Fixed cost Direct materials Direct labor Manufacturin g overhead Selling cost Differential cost Facility rent utilities Personal computer depreciatio n Equipment rent Material cost Labor cost Present salary advertising 9. The following data (in thousands of dollars) have been taken from the accounting records of Larsen Corporation for the just completed year. Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form. b. Compute the Cost of Goods Sold. c. Using data from your answers above as needed, prepare an Income Statement in good form. 10. North Company sells a single product. The product has a selling price of $30 per unit and variable expenses of 70% of sales. If the company's fixed expenses total $60,000 per year, what is the break-even value of dollar sales? 11. Fenestre Corporation's contribution margin ratio is 25%. The company's break-even is 80,000 units and the selling price of its only product is $4.00 a unit. What are the company's fixed expenses? 12. The break-even point in dollar sales for Rice Company is $360,000 and the company's contribution margin ratio is 30%. If Rice Company desires a profit of $84,000, what is the dollar value of total sales? 13. Filson Inc., a company that produces and sells a single product, has provided its contribution format income statement for February. If the company sells 9,700 units, its total contribution margin should be closest to: A. $252,200 B. $74,026 C. $247,000 D. $263,200 14. Finnefrock Inc. produces and sells a single product. The company has provided its contribution format income statement for December. If the company sells 9,200 units, its net operating income should be closest to: A. $115,800 B. $95,800 C. $110,975 D. $78,600 15. Similien Corporation produces and sells a single product. Data concerning that product appear below: Fixed expenses are $300,000 per month. The company is currently selling 5,000 units per month. The marketing manager would like to cut the selling price by $14 and increase the advertising budget by $17,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 1,400 units. What should be the overall effect on the company's monthly net operating income of this change? A. increase of $64,200 B. increase of $215,400 C. decrease of $64,200 D. decrease of $5,800