. (LO 1) The management of an organization performs several broad functions. They are:

a. planning, directing, and selling.

b. planning, directing, and controlling.

c. planning, manufacturing, and controlling.

d. directing, manufacturing, and controlling.

3. (LO 2) Direct materials are a:

Product

Cost

Manufacturing

Overhead Cost

Period

Cost

a.

Yes

Yes

No

b.

Yes

No

No

c.

Yes

Yes

Yes

d.

No

No

No

4. (LO 2) Which of the following costs would a computer manufacturer include in manufacturing overhead?

a. The cost of the disk drives.

b. The wages earned by computer assemblers.

c. The cost of the memory chips.

d. Depreciation on testing equipment.