just 18-1B

Discussion Questions w hat eachh halance presented on the balance which of inchaded in the cost of finished goods andd the co s What a y and D staff the cost 9 Describe sustainalbility and sustainable business factured end prxdact hhi ave an integra of 10 How does the Cot of goods sold section of the income statement differ between merchandising and manufacturing companies? istinguish berween prime costs and conversion 3. What is the difference betwsen a prouduct cost and a period cost? actice Exercises Example Exercises 0B).1 EE 18-1 PE 18-1A Management process he management process are controlling, planning, and decision making Match the following descriptions to the proper phase Phase of management process Controling s Description Monitoring the operating a. Monitoring the operating results of implemented plans and Planning Decision making comparing the actual results with expected results. b. Inherent in planning, directing, controlling, and improving. c. Long-range courses of action. OBJ.1 E18-1 p8 PE 18-1B Management process Three phases of the management process are planning, directing, and controlling. Match the following descriptions to the proper phase: Phase of ma Planning Description a. Developing long-range courses of action to achieve goals b. Isolating significant departures from plans for further investigation t process Directing and possible remedial action. It may lead to a revision of future plans Controlling C. Process by which managers, given their assigned levels of responsibilities, run day-to-day operations