Part 1

Which of the following would be least likely to be considered a managerial accounting report?

A. a report to analyze potential efficiencies and savings for the purchase of new production equipment

B. a schedule of total manufacturing costs incurred

C. a statement of cost of goods manufactured

D. a statement of stockholders equity

Part 2.

As production increases, the fixed cost per unit

	A.	increases
	B.	decreases
	C.	remains the same
	D.	either increases or decreases, depending on the variable costs

Part 3

Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:

Job No. 356	$ 450
Job No. 357	1,235
Job No. 358	378
Job No. 359	689
Job No. 360	45

Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job. What is the ending balance of Finished Goods for Adams Company at the end of the first quarter?

A. $456

B. $1,067

C. $1,685

D. $2,752