Please answers all the questions attached in the images. thanks a lot.

13 Which ofthe following is a product cost? Multiple Choice Circuitry used in producing hard drives Monthly advertising in the newspaper The salary of the vice president-nance Sales commissions 0000. Research costs for new router development 14 As soon as products are completed. their product costs are transferred from: Multiple Choice 0 Raw Materials to Finished Goods Direct Materials to Finished Goods. Indirect Materials to Finished Goods Work-InProcess to Finished Goods. Direct Labor to Finished Goods 0000 1 5 How is a predetermined overhead rate calculated? Multiple Choice 0 Divide budgeted overhead cost by the budgeted amount of cost driver or activity base Divide actual overhead cost by the budgeted amount of cost driver or activity base DiVIde budgeted overhead cost by the actual amount of cost driver or activity base DIVIde actual overhead cost by the actual amount of cost driver or activity base Divide the budgeted amount of cost driver or activity base by the actual overhead cost 0000 1 6 Electricity costs that were incurred by a company's production processes should be debited to which account? Multiple Choice O Utilities Expense Electricity Expense Direct Materials Manufacturing Overhead None ofthese answers are correct OOOO 17 Which of the following documents authorizes the release of material to production for ajob? Multiple Choice 0 Purchase order . Materials requisition O Invoice 0 Statement 0 Punch card 1 As production takes place, all manufacturing costs are added to the: 8 Multiple Choice . Work-In-Process Inventory account. Manu'acturing-Ovemead Inventory account Costroerooderold account. Finished-Goods Inventory account 0000 Production Labor account. 19 20 When goods are sold, their c058 are transferred to which account? Multiple Choice 0 Raw Materials Direct Materials work-In-Process Manufacturing Overhead .000 Cost of Goods Sold Which of the following terms describe the combined single cost category that include direct labor and manufacturing overhead? Multiple Choice O Prime costs Conversion costs Weighted average costs Accumulated costs Total costs GOO. 19 When goods are sold, their costs are transferred to which account? Multiple Choice 0 Raw Materials Direct Materials Work~In-Process Manufacturing Overhead Cost of Goods Sold .000 2 0 Which of the following terms describe the combined single cost category that include direct labor and manufacturing overhead? Multiple Choice Prime costs Conversion costs Weighted average costs Accumulated costs Total costs @0000 21 Which of the following factors are important in selecting appropriate cost drivers? Multiple Choice 0 Degree of correlation Cost of measurement Behavioral effects Both Degree of correlation and cost of measurement All of the items listed OOOO 22 Which cost results from a management decision to spend a particular amount of money for some purpose? Multiple Choice O Variable cost O Mixed cost Discretionary cost O Committed cost O Curvilinear cost 23 Which method of cost estimation relies on the lowest and highest data points? Multiple Choice Visual-fit method Least-squares regression method High-low method Multiple regression method Goodness of fit method24 Trak Bike Company has a variable selling cost. If sales volume increases, how will the total variable cost and the variable cost per unit behave? Multiple Choice O Total variable cost increases and variable cost per unit increases Total variable cost increases and variable cost per unit remains constant O Total variable cost increases and variable cost per unit decreases C Total variable cost remains constant and variable cost per unit decreases Total variable cost decreases and variable cost per unit increases 25 Straight-line depreciation is a typical example of a: Multiple Choice variable cost. O step-variable cost. fixed cost. O mixed cost. O curvilinear cost.26 Which of the following is an example of a mixed cost? Multiple Choice O A building that is used for both manufacturing and sales activity An employee's compensation, which consists of a flat salary plus a commission O Depreciation that relates to five different machines O Maintenance costs that must be split between sales and administrative offices O None of these answers are a mixed cost 27 The relevant range is that range of activity: Multiple Choice O where a company achieves its maximum efficiency. O where units produced equal units sold. where management expects the firm to operate. O where the firm will earn a profit. O where expected results are abnormally high.Property taxes are an example of a(n): 28 Multiple Choice committed fixed cost. O committed variable cost. O discretionary fixed cost. O discretionary variable cost. O engineered cost. 29 Which of the following is not an example of a committed fixed cost? Multiple Choice O Property taxes O Depreciation on buildings O Salaries of management personnel Outlays for advertising programs Equipment rental costs3 0 Which of the following is (are) a common data collection problem? Multiple Choice 0 Mismatched time perlods Missing data Allocated and discretionary costs Outliers All items listed are correct .OOO 31 Required information [The following information applies to the questions displayed below] The following cost data for the yearjust ended pertain to Sentiments, Incorporated, a greeting card manufacturer: Direct material 3 2,300,000 Advertising expense 98,000 Depreciation on factory building 116,000 Direct labor: wages 545,000 Cost of finished goods inventory at year-end 115,000 Indirect labor: wages 141,000 Production supervisor's salary 46,000 Service department costs\" 100,000 Direct labor: fringe benefits 116,000 Indirect labor: fringe benefits 31,000 Fringe benefits for production supervisor 10,000 Total overtime premiums paid 55,000 Cost of idle time: production employees 49:999 Administrative costs 150,000 Rental of office space for sales personnelt 15,099 Sales commissions 6,000 Product promotion costs 10,000 *All services are provided to manufacturing departments. Cost of idle time is an overhead item; it is not included in the direct-labor wages given above. 1'The rental of sales space was made necessary when the sales ofces were converted to storage space for raw material. Required: 1. Compute each of the following costs for the yearjust ended: a. Total prime costs 2.961.000 539.000 1,200.000 3,384,000 b. Total manufacturing overhead costs c Total conversion costs C]. Total product costs 32 Required information The following information applies to the questions displayed below.] The following data refer to San Fernando Fashions Company for the year 20x2: Sales revenue $ 950,000 Work-in-process inventory, December 31 Work- in-process inventory, January 1 36,000 Selling and administrative expenses 150,000 Income tax expense Purchases of raw material 000 '091 Raw-material inventory, December 31 25, 000 Raw-material inventory, January 1 40, 000 Direct labor 180, 000 Utilities: plant 40, 00 Depreciation: plant and equipment Bee'es Finished-goods inventory, December 31 50, 008 Finished-goods inventory, January 1 10, 000 Indirect material 6,00 Indirect labor 12,000 Other manufacturing overhead 60, 000 1. Prepare San Fernando Fashions' schedule of cost of goods manufactured for the year. SAN FERNANDO FASHIONS COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x2 Direct material Raw-material inventory, January 1 S 40,000 Add: Purchases of raw materia 160,000 Raw material available for use 200,000 Less: Raw-material inventory, December 3 25,000 Raw material used S 175,000 Direct labor 180,000 Manufacturing overhead Utilities: plant 40,000 Depreciation: plant and equipment 50,000 Indirect material 6,000 Indirect labor 12,00 Other manufacturing overhead 60,000 Total manufacturing overhead 168,000 Total manufacturing costs S 523,000 Add: Work-in-process inventory, January 1 36,000 Subtotal 559,000 Less: Work-in-process inventory, December 31 30,000 Cost of goods manufactured 529,00033 Required information (The following information applies to the questions displayed below.] Nation's Capital Fitness, Incorporated, operates a chain of fitness centers in the Washington, D.C., area. The firm's controller is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the firm's equipment maintenance costs must be determined. The accounting staff has suggested the use of an equation, In the form of Y= a + bX, for maintenance costs. Data regarding the maintenance hours and costs for last year are as follows: Hours of Maintenance Maintenance Month Service Costs January 560 $ 5,094 February 490 4,210 March 280 2,778 April 4,278 May 320 2,970 June 450 4, 130 July 350 3,010 August 140 3,600 September 490 3,960 October 350 3,280 November 3:80 3,210 December 350 3,090 Total 4,960 $ 43, 514 Average 413 $ 3,626 Required: 1. Using the high-low method of cost estimation, estimate the behavior of the maintenance costs incurred by Nation's Capital Fitness. Incorporated. Express the cost behavior pattern In equation form. Note: Round coefficient of X to 2 decimal places and other answer to the nearest whole dollar amount. Monthly maintenance cost = $ 844 + $ 8.30 X1 Which of the following is a professional certification that managerial accountants can earn to validate their skills and the specialized knowledge that they possess? Multiple Choice CPA CMA COO CIA CFO 000.0 2 Which of the following business models considers nancial, customer, internal operating, and other measures in the evaluation of performance? Multiple Choice O Deterministic simulation Balanced Scorecard Payoff matrix Decision tree Chart of operating performance (COP) GOO. 3 Which one of these is not one of the five supporting objectives of managerial accounting? Multiple Choice O Provide information for decision making and planning O Assist managers in directing and controlling operational activities Motivate managers and other employees toward the organization's goals O Assess an organization's competitive position and long-term managerial efforts Focus on activities that occur at the top level of the organization 4 Managerial accounting: Multiple Choice O focuses only on historical data. O is governed by GAAP. focuses primarily on the needs of personnel within the organization. O provides information for parties external to the organization. O focuses on financial statements and other financial reports. 5 Managerial accounting: Multiple Choice is unregulated. O produces information that is useful only for manufacturing organizations. O is based exclusively on historical data. O is regulated by the Securities and Exchange Commission (SEC). O generally focuses on reporting information about the enterprise in its entirety rather than by subunits.7 Finished goods inventory is ordinarily held for sale by what kind of company? Multiple Choice . Manufacturing company Lawn mowing company CPA firm Service Company None ofthese answers are correct GOOD 6 Which of the following is the total cost of direct material. direct labor. and manufacturing overhead transferred from workeinrprocess inventory to finishedegoods inventory? Multiple Choice O Raw materials Cost of goods manufactured Selling and administrative expenses Indirect materials 000. Indirect labor 8 Which of the following are shebys period costs on any type of company's Income statement? Multiple Choke O Suing and adintoit Costs O O Direct labor9 As the activity level increases, which of the following occur? Multiple Choice Total fixed cost changes and unit fixed cost remains constant Total fixed cost remains constant, but unit fixed cost increases Total fixed cost and unit fixed cost remains constant Total fixed cost remains constant, but unit fixed cost declines None of these answers are correct Which of the following is a component of manufacturing overhead? 10 Multiple Choice O Selling and administrative expenses O Operating expenses O Direct materials Indirect labor O Direct labor11 Which of the following is irrelevant to all future decisions? Multiple Choice 0 Opportunity costs Variable costs Sunk costs Mixed costs 0000 Fixed costs Research and development costs are classified as: 12 Multiple Choice 0 product costs period costs inventoriable costs cost 01 goods sold, GOO. labor c055