Overhead consists of All production costs (or costs of providing services), including the costs of direct labor but excluding the costs of direct matengls All production costs (or costs of providing services), excluding the costs of direct materials and direct labor All production costs (or costs of providing services), including the costs of direct materials and direct labor All production costs (or costs of providing services), including the costs of direct materials but excluding the costs of direct labor 37 2.5 points Which of the following is not a prime cost? The cost of automobile engines in a Chevrolet production plant The cost of security guards' wages in a Chrysler production plant The cost of assembly line worker's wages in a Cadillac production plant The cost of food provided by a wedding catering company to its customers 38 2.5 points Which of the following is a characteristic of managerial accounting that distinguishes managerial accounting from financial accounting? Managerial accounting is used primarily by people and organizations outside the company, rather than by people inside the company. Managerial accounting must follow Generally Accepted Accounting Principles (GAAP). 7 Managerial accounting's emphasis is on timeliness of reports, rather than preparing reports periodically (e.g., quarterly, annually). Managerial accounting focuses primarily on the company as a whole, rather than on segments or departments in the company. TOO

Ail production costs (or costs of pruviding services), including the cosis of diect labor but excluding the cover of divect materen All production costs (or costs of providing oervices), excluding the costs of direct materialh and direct labar All production costs (or costs of providing services) including the costs of direct materlals and direct labor. 2.5 poines Which of the following is nos a prime cos? The cost of automobile engines in a Chevrolet production plant The cost of security guards' wages in a Chrysler production plant The cost of assembly line worker's wages in a Cadilac production plant The cost of food provided by a weding catering company to its customers Which of the following is a characteristic of managorial accounting that distinguishes managerial accounting from financiar accountino? Maragerial accounting mast follow Generally Accepted Acoounting Principles (GAPP)