I. Which of the following statements are true of Managerial accounting? Choose all A. It handles only past transactions B It focuses more on segments rather than the company as a whole. It is regulated by specific accounting rules It pertains to both financial and non-financial information. 2. The following cost items are given: A. wages for factory workers assembling products B. indirect materials used in production C. indirect labor used in production D. advertising costs E. salary for production supervisor F. salary for sales supervisor G. depreciation of factory equipment H. depreciation of office equipment I. rent for the store J. utilities cost for factory K. supplies cost for factory L. plastic used in making plastic chairs Which of the above items belong to period costs? Choose all. Which items belong to product costs? Choose all. Which items belong to inventoriable costs? Choose all. Which items belong to manufacturing overhead costs? Choose all. Out of your answers for (d), which ones are indirect costs? Choose all a. b. c. d. e. 3. Fill in the blanks with appropriate words or numbers. a. Product costs will become an expense when the product is b. The name of the expense in (a) is c. Cost of goods sold is the cost incurred in d. I made a product at a cost of $2,000 (in Week 1). I incurred a S150 cost in advertising the product (in for those unitsin the period. Week 2). I sold the product at a price of $2,700 on credit (in Week3). Then, I collected $2,700 cash (in Week 4). My cost of goods sold was $to be recognized in Week