please help with these 2!

When It Rains, It Pours, LLC is a manufacturer of umbrellas. During the previous period, S16,500 of direct materials were requisitioned and $15,000 of direct labor costs were incurred in the company's manufacturing operations. The company uses actual costing to account for manufacturing overhead. The actual manufacturing overhead costs incurred totaled $6,400. The company's beginning work in process inventory equaled its ending work in process inventory The following additional information was extracted from the company's accounting records: Sales Revenue $250,000 Operating Expenses $14,000 Given a net increase in finished goods inventory of $500, calculate operating income for the previous period, O A $198,100 B. $197.000 OC 5198,600 OD. $212,600 OE $199, 100 Which of the following statements is incorrect? O A. The preparation of financial accounting information is bound by Generally Accepted Accounting Principles. O B. Managerial accounting systems produce the four basic financial statements. OC. Reports and other output provided by financial accounting systems focus on the past. D. Managerial accounting relies on the knowledge of broad, multidisciplinary teams. E. Managerial accounting systems provide information primarily used by managers and other internal users