. Managerial accounting is applicable to a. service entities. b. manufacturing entities. c. not-for-profit entities. d all of these 2. Both direct materials and indirect materials are a. raw materials. b. manufacturing overhead. c. merchandise inventory. d. sold directly to customers by a manufacturing company. 3. The work of factory employees that can be physically and directly associated with com raw materials into finished goods is a. manufacturing overhead. b. indirect materials. c. indirect labor. d. direct labor Which one of the following would not be classified as manufacturing overhead? a. Indirect labor b. Direct materials c. Insurance on factory building d. Indirect materials Manufacturing costs include a. direct materials and direct labor only. b. direct materials and manufacturing overhead only. c. direct labor and manufacturing overhead only. d. direct materials, direct labor, and manufacturing overhead