Mutiple Choice What broad functions do d. Planning Which one of the following is indirect labor considered? a Product cost e. Period cost d. Raw material cost 3. b. managers C. regulatory agencies. d. investors Into which one of the following accounts would the work of factory employees that can be physically and direc a Direct labor b. Indirect labor C. Manufacturing overhead d. Indirect materials Zirk, Inc. incurred cost of goods manufactured totaling $900.000, manufacturing overhead of $120,000, an materials totaling $400,000. How much is the amount of direct labor? a. Cannot be determined from the information provided. b. $380,000 C. $520,000 d. $900,000 Which one of the following is the correct calculation of cost of goods sold for a manufacturing company? a. b. C. d. Beginning FG inventory-cost of goods manufactured - ending FG inventory Ending FG inventory-cost of goods manufactured + beginning FG inventory Beginning FG inventory + cost of goods purchased-ending FG inventory Beginning FG inventory+ cost of goods manufactured- ending FG inventory f you want to know the amounts a company used to calculate, 'Cost of goods manufactured,' where On the income statement On the balance sheet On both the balance sheet and income statement Only in the managerial accounting records y is factory overhead 'applied' to products and jobs by manufacturing companies? Total actual overhead costs can never be accurately determined for production. Because indirect costs are easy to trace to products and jobs. It allows managers more timely determination of product costs during the manufacturing It provides a more accurate cost of the job or products being processed