Management is accountable to various government bodies in which of the following ways? Making timely payments to creditors Making timely payments to vendors Providing a return on the owner's shareholders investment Obeying laws and regulations, and paying taxes Wright Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred $250,000 Manufacturing overhead incurred $400,000 Operating expenses $145,000 How much are Wright Company's inventoriable product costs for 2009? $925,000 $605,000 $975,000 $1,025,000 Which of the following is a philosophy of providing customers with superior products and services? Just-in-time (JIT) inventory management Enterprise resource planning (ERP) Supply chain management Total quality management Which of the following properly describes the accounting for indirect labor costs? Indirect labor costs are product costs and are expensed as incurred. Indirect labor costs are period costs and are expensed as incurred. Indirect labor costs are product costs and are expensed when the manufactured product is sold Indirect labor costs are period costs and are expensed when the manufactured product is sold