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Below is a cost incurred at Penelope's Pineapple Farm. This farm has its own processing plant at which it processes the pineapples into various pineapple products. The farm offers tours of the farm operations and factory and has a 4-star restaurant. For each cost, choose all the labels that appropriately apply to that cost Artificial sweetener added to "sugar free" products during production manufacturing overhead - indirect material variable cost manufacturing overhead - other O period cost fixed cost 0 product cost O direct labor O manufacturing cost selling & administrative cost O direct material manufacturing overhead - indirect labor Finished Goods Inventory increases by the Cost of goods manufactured Cost of selling the product Overhead applied Cost of goods sold Which of the following is not a way managers use managerial accounting? To assure appropriate use of its resources To assure accountability for its resources To communicate information to stockholders Provide information used in planning, evaluation and controlling functions within an organization If activity level decreases, what happens to the total variable cost? It depends on how much the activity level increases It remains the same It increases It decreases

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