Name Date: 1. Management accountants would not assist in budget planning. be prepare reports primarily for external users. c. determine cost behavior d. be concerned with the impact of cost and volume ce profits e determine the price of a product 2. A distinguishing feature of managerial accounting is a extemal users b. general-purpose reports every detailed reports d. quarterly and annual reports e. general accepted accounting regulations 3. The wages of a timekeeper in the factory would be classified as a, a period cost b. direct labor. e Indirect labor. d. compliance costs. e. administrative costs 4. Manufacturing costs that cannot be classified as either direct materials or direct laborare known as a. period costs b nonmanufacturing costs selling and administrative expenses manufacturing overhead e. fixed costs 5. The following data pertains to Hamlet Co's manufacturing operations: May." Direct Materials Work In Process Finished Goods May 1 $18,000 9,000 22.000 36,000 Additional information for the month of May: Direct materials purchased Direct labor payroll Direct labor rate per hour Factory overhe $ 42.000 $ 30,000 $7.50 5:40,000 Overhead is applied at $10 per direct labor hour For the month of April, cost of goods manufactured was: a. $118.000